Tesla Software Updates Escalates Incomes Of Other Companies
Tesla’s updates to its software play a role in increasing the incomes of several other businesses.
The updates of Tesla Motors are helping the growth of a number of companies. Automakers led by Tesla are using over-the-air (OTA) Wi-Fi technology and pushing over 4G or 3G wireless downloads for making an addition of functions like self-parking and for upgrading their automobiles’ performance. It is prompting vendors such as Ericsson AB, Gemalto NV, and NXP Semiconductors NV to celebrate, as vehicle builders battle to keep hackers out.
The electric vehicle maker launched new software in January that would provide its Model X and Model S an opportunity to park in perpendicular spaces or garage without a driver steering it. The average update is taking 45 minutes. It typically aims to boost everything from the speed of the vehicle to the usage of electric battery and engine performance.
As software starts to control and ground over other features in cars, such as self-driving abilities and/or integration with services, vehicles will require regular updates, just like Apple got its iPhone software modified around 10 times in 2015.
Several updates will aim to fix software bugs — there are usually 200 million lines of code in a vehicle, which indicates that it is not likely to be bug proof for a day, Ericsson’s security expert, Jonathan Olsson, said. The learning curve has become messy for some automakers till now, which has spurred the demand to employ the services of expert suppliers.
In 2014, the largest automaker ‘Toyota Motors’ had to recall over 50% of its Prius cars ever delivered for fixing a software bug that can halt the car or slow it down. Researcher IHS has forecasted in a report that the practice of updating software of a vehicle is expected to grow at least 10 times in the upcoming 6 years, as automobiles are interconnected.
Around 4.6 million vehicles gained OTA updates for telematics apps in 2015, compared to 43 million units expected globally by 2022. Infotainment, maps, and core auto functions will also be spurring updates, IHS stated.
It is expected that vehicle makers will be going through the similar kind of motions as retailers or banks have done in the past times, increasing their spending on security for avoiding violations that would be hurting confidence of consumers, stated Oliver Piou, CEO of cyber security company ‘Gemalto’, which serves Audi.
Analyst Mason has predicted that there will be 150 million connected vehicles circulating across the globe in the next year and over 800 million by 2023.
As the innovation of software continues to grow rapidly around a network, which has connected objects, such as drones to refrigerators, how long automakers can upkeep old automobiles would play a key role in ensuring that future threats from cybercriminals and hackers are avoided.