Automotive industry software development - outsourcing company Boosty Labs

Automotive industry software development

We are an automotive software development company specializing also in blockchain outsource software development, outstaff development and tech consulting. For over five years we have been offering automotive software development services. Boosty Labs is a world-class fintech and cloud engineering team with 10 years’ background of practice that combines consulting, strategy, design and engineering at scale. Mainly in software development for automotive industry, finance, real estate, distributed ledger and cloud technology.

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The reasons for the automotive industry software development

01.

The need to adapt to the service-on-demand economy: the twentieth century approach of producing limited series of cars on separate production lines is outdated.

02.

Imperfect identification technologies from previous generations, preventing automakers and their suppliers from moving to a new type of production.

03.

As more and more customer-centric automotive models begin to dominate industries, there is a growing need for balanced flexibility and data security across the automotive industry.

04.

The disappearance of clear boundaries between the automotive and other sectors: for example, the emergence of electric vehicles creates new synergies between automotive and urban infrastructure organizations.

01.

The need to adapt to the service-on-demand economy: the twentieth century approach of producing limited series of cars on separate production lines is outdated.

02.

Imperfect identification technologies from previous generations, preventing automakers and their suppliers from moving to a new type of production.

03.

As more and more customer-centric automotive models begin to dominate industries, there is a growing need for balanced flexibility and data security across the automotive industry.

04.

The disappearance of clear boundaries between the automotive and other sectors: for example, the emergence of electric vehicles creates new synergies between automotive and urban infrastructure organizations.

Application of blockchain technologies in the automotive industry

Blockchain is spreading beyond the cryptocurrency world, finding its way to specific applications in the automotive sector. It is a living solution for innovations such as vehicle-to-vehicle communication, data transaction security, component origin and location tracking, and access to new products and services.

According to the IBM Institute for Business Value report:

62% of CEOs said blockchain will become a disruptive force in the industry within three years.

54% expect new business models to influence blockchain investment.

54% of CEOs will implement their first large-scale commercial blockchain network within three years.

Moreover, 95% of automakers want to make “moderate to significant” technology investments in the next several years.

While Bitcoins may or may not be the currency of the future, it is safe to say that distributed ledgers will soon revolutionize the automotive finance industry.

For example, imagine a a blockchain-based solution that allows insurance companies to create customized vehicle insurance contracts based on the actual behavior of drivers on the road and automate the payment of insurance and financial settlements after receiving an insurance claim. Events that record behavior and events related to the safety of the vehicle owner can be stored in the blockchain, transmitted and used to calculate insurance premiums and payments. Since the record is linked to the owner, the vehicle's owner history remains available to the insurance company for future insurance quotes even after the vehicle is sold.

In addition, the process of securely connecting subjects participating in the rental of a vehicle with the client can be automated: from performing KYC checks on the client (for example, checking the license and credit) in the context of the vehicle rental, storing the lease agreement / contract on the blockchain, up to automatic payment after returning the car.

Supply chain

Blockchains are extremely reliable, making them ideal for keeping records between third parties. International trade and trade between raw material suppliers, car suppliers, OEMs, dealers, repair shops, online aftermarket stores, etc. often involves many parties that need to reach an agreement. Rather than having each party independently validate and agree on transactions, blockchain allows them to operate from a single source of truthful information.

Fake auto parts that are genuine in appearance often end up in the supply chain and end up in dealership service centers. These parts often fail shortly after installation and, in turn, cause damage to vehicle manufacturers and parts suppliers. Blockchain can solve this problem by creating a distinctive identifier for each part, including the unchanged timestamps made when the part was created. These tags connect to the blockchain and can be used to add a layer of authentication protection.

Telematics

Telematics is a union of telecommunications and information science. In the connected automotive space, telematics includes software-based navigation, vehicle-to-vehicle communication (V2V), and a host of other services that can impact vehicle safety and passenger safety. 

In order to carry out important duties, the data sent and received by telematics systems must be kept secure. Hackers should not be allowed to view or modify the data being used. Blockchain is ideal for such applications.

IoT

The Internet of Things will soon take over all aspects of society, and transport is no exception. As smart sensors are increasingly used not only to monitor traffic, but also to communicate with it, the need for data transfer speed and data security becomes apparent.

Imagine a smart sensor that sends data on approaching vehicles, alerting you of flooded roads, damaged bridges, or highway stops.

While the aforementioned applications of blockchain technology certainly have good reasons to change many aspects of the automotive industry, innovators are really just starting to master the surface of blockchain applications in the automotive sector.

Automotive industry software development services

Automotive systems require more and more computing power and software, as well as development time

Boosty Labs solutions help to build smarter, safer ICs, and faster software for mission-critical applications such as ADAS, adaptive cruise control and autonomous driving.

Lack of security during development, testing and throughout the supply chain for vehicles

Boosty Lab being an experienced automotive software developer offers solutions that enable companies throughout the vehicle supply chain to ensure safety and quality throughout all stages of the software development lifecycle (SDLC), identify risky design flaws, management flaws and asset vulnerabilities, and detect third-party components, security vulnerabilities, license exploits and weaknesses. places in the code.

Not fast enough software development with virtual prototypes throughout the supply chain

Boosty Labs Virtual Models and Virtual Prototyping Solutions provide early access to silicon chips and virtual ECUs, allowing software development to begin months earlier. They also enable collaboration across the entire supply chain: automotive manufacturers, equipment manufacturers, and semiconductor companies throughout the entire vehicle development lifecycle.

Failure to ensure functional safety and reliability for the design and verification of chips for cars

Boosty Labs offers proprietary automotive solutions optimized for efficient autonomous driving design. Our Unified Functional Safety Validation Platform is a complete solution that combines best-in-class technologies for managing failure campaigns into a single unified path.

Benefits of software development for the automotive industry

The ability for design engineers to simulate production processes

Boosty Labs software solutions enable design engineers to simulate production processes such as sheet stamping, welding, heat treatment of parts, thereby reducing material, financial and time costs. In addition, the ability to compute composites, increasingly used in vehicle construction, is helping to speed time-to-market.

The ability to minimize the appearance of defects in production

With the help of modern technologies, automakers can minimize the appearance of defects in production, detect and correct design errors at the early stages of design, reduce the cost of real tests, see and evaluate a future car in a virtual reality system.

Wide range of possible applications

The range of possible applications for Boosty Labs' multipurpose automotive software ranges from energy data management, automated engineering and accident management to smart automotive factories.

Transition to production of a new type

IoT solutions and, in particular, radio frequency identification (RFID) are enabling car manufacturers and their suppliers to move to a new type of production.

Digitalization trends in automotive industry

Today, digital technologies directly affect business processes in the transport and logistics industry, and the use of artificial intelligence in transport management is increasingly becoming our daily use.

If a few years ago one of the main signs of innovation was the use of composite materials in the manufacture of vehicles or the transfer of the latter to gas and other alternative types of fuel, today the main demand for automotive products is formed by completely different characteristics associated with digital tools.

Among the possibilities for increasing the productivity of the vehicle fleet are the use of neural networks, driver assistance and accident prevention systems, control of fuel consumption and others. Already now, in automatic mode, both all units of the vehicle itself and the state of the driver are monitored. In the future, the transition to unmanned driving and further development of transport units, digital platforms for finding customers and performers.

Moreover, traditional mass communication is being replaced by a personal and personified approach. In this regard, social networks and partnership events are rapidly gaining momentum. At the same time, classic advertising fades into the background. Equally important is the fact that the digitalization of the car fleet helps not only to optimize business processes and client programs, but also to achieve greater efficiency in preventing accidents and ensuring driving safety.

In the coming years, when creating a fleet of vehicles, the main focus of attention will increasingly shift from the direct technical characteristics of the vehicle to those IT solutions that will form the basis of fleet management and create additional value for doing business.

In fact, the road transport industry has to go the way that banks have gone and are going now. The added value is created precisely by IT solutions, and we see how banks create a whole system of various services, mobile applications that begin to integrate into some kind of banking stories. Another example is Uber. If they turn off all the mobile apps they've created, their business becomes a set of used hardware, with no cost. This example reflects what will happen tomorrow. Hardware will get cheaper, and IT-setting will get more expensive. 

However, when introducing new technologies, transport companies face certain difficulties, experts warn. In particular, with constant transmission of high-quality video stream, which is becoming one of the modern requirements in the work of companies. This involves not just having a DVR, but managing video in the cloud with the ability to generate rich analytical data. First of all, this requirement applies to corporate parks Now it is quite difficult to obtain data in open form for analysis. Each market participant, and these are not only carriers, but also telecom operators, collects and uses this data to varying degrees, but there is no single platform open to all market participants. It is the quality of data that is a prerequisite for the development of products using artificial intelligence.

Thus, the appearance of cars in the era of digitalization will significantly transform. More and more it will be focused, on the one hand, on customer services and requests of its passengers, on the other, on increasing the role of neural networks and objective control systems in the vehicle fleet.