Spireon Becomes the Largest Aftermarket Telematics Company

By Steve Anderson August 19, 2015

Spireon recently notched several milestones, not only in terms of subscriber counts but also in what that subscriber count meant—the firm is now the largest aftermarket vehicle telematics company around.

Spireon currently has more than 2.4 million subscribers to its credit, and that's enough to give it that ranking as the largest firm in its field. The company offers the NSpire open platform system, which is meant to work easily with various applications, each producing a new way to take advantage of the data generated for use with big data systems. NSpire can gather a wide array of information from connected vehicles, and then can route that information through several user interfaces from there.

Meanwhile, the open application programming interfaces (APIs) involved allow for a note of future-proofing, allowing the system to better accommodate an increasingly large number of new connections, whether they are from vehicles, other applications, or something completely different. Already, several firms have discovered value in working with Spireon, like Premier Trailer Leasing, whose chief executive officer, Jim Aubuchon, noted that Spireon proved to be the only real solution for the intended use.

Easily one of the biggest new opportunities for the company, however, is the field of insurance telematics. With connected vehicles offering a much better ability to tell how a person drives, and thus how great a risk that person is, insurers are eager to get hands on such devices with an eye toward putting them in policyholders' vehicles. Policyholders, it's been noted, are less eager about this development, but some reports suggest that sufficient discounting has changed some minds, discounts that the company can offer by being able to tell just how low a risk that driver really is.

Image via Shutterstock

Spireon has some important plans to note as well, and it will be bringing these plans to the IoT Evolution Conference and Expo event, taking place now through August 20 at Caesars Palace in Las Vegas, Nevada. Spireon will be showing off its connected vehicle platform, and will join a wide array of other exhibitors.

The best part about Spireon's systems are sheer versatility. A host of different applications can take advantage from this, and while perhaps not all of these will be equally well-received by the end users, there will certainly be plenty of room for value. Connected vehicles represent a great opportunity to improve safety and performance, and even in some cases lay the necessary groundwork for the self-driving car, a development being avidly pursued by companies ranging from Google to even, more recently, Apple.

Spireon's systems are likely to help lead the way forward when it comes to the connected vehicle, and show us the power that the Internet of Things (IoT) can really generate. 

Edited by Dominick Sorrentino
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Contributing IoTevolutionworld Writer

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