Global Excellence 2020

204 Acquisition International - Global Excellence 2020 112 Issue 1 2021 Jul20489 Innovators In Technology Procon Analytics is a leading innovator of automotive IoT and big data insights, focused on capturing and translating data into actionable business intelligence. Learn more from company leaders about the future of their technology. rocon Analytics, an Irvine, California-based firm serving North America, integrates a multitude of building blocks into powerful, reliable, scalable, and flexible tools that they deploy as digital enablers to benefit specific market segments. “Breaking our business model down to its simplest form, we connect things over the Internet,” explains company CEO, Brian Boling. “It sounds easy, but the complexities of connectivity, data extraction, and analysis are formidable. No matter how much hardware innovation, code development, problem solving, and innovative solutions we manage, the customer only becomes loyal to our company once we deliver actionable information that solves burning problems in their business.” Procon Analytics is a connected-car technology company that enables automotive dealers to more-effectively manage their inventory, their batteries, the test drives, protect financed collateral and more. At the same time, their service improves the overall customer experience in vehicle ownership. This solution has been proven to create more loyal customers and increase dealer profits. Boling and Bill Cheney, Managing Partner and CTO of the company, have focused their skills and experience in the connected-car marketplace. Their goal is to provide dealers and lenders a “one-stop- shop” for digital marketing and information solutions. “Dealers need new digital marketing tools that tether the drivers to the dealer long term,” Boling said. “We not only create new tools for our platform, but we also bridge the gap between existing tools in use in the marketplace. We are also working on new integrations with embedded vehicle technology - integrations that improve our ability to send consumers back into the dealership for service and to purchase their next vehicle.” Procon Analytics operates two subsidiaries: Advantage GPS, LLC and Connected Dealer Services, LLC. Advantage GPS deploys platform elements, both hardware and software, to deliver risk-mitigation services for automotive finance professionals in the subprime vehicle marketplace. Its proven automotive finance expertise has resulted in themost-sophisticated hardware and Artificial Intelligence (AI) software that assists finance professionals, both subprime finance companies and BHPH dealers, in optimizing finance portfolio performance. The Advantage GPS analytics platform provides high-level and vehicle-specific, granular oversight of a lender’s automotive finance portfolio. Its powerful AI toolset allows for faster, more-informed collections decisions and assists with future funding decisions. P Company: Procon Analytics, LLC Contact: Corinna Tutor Website: Connected Dealers Services (CDS) deploys platform elements to provide digital marketing solutions to automotive retail dealerships, specifically addressing value throughout a vehicle’s lifecycle. The company’s solution is sold through an Agent Channel and a handful of distributor partners. Its solution includes a suite of dealer-facing features, such as inventory management and service scheduling tools, as well as a sell-through service that car buyers use to monitor vehicle health, while staying connected with their selling dealership. The company has a hands-on, formalized training program and partners with its agents’ clients to assist onboarding and implementation. Automotive OEMmanufacturers understand the value and importance of IoT, but have yet to fully leverage its value to their dealer partners and consumers. It is here where Procon Analytics can and will continue to drive value. Cheney said that there are now billions of physical device connections around the world that share data via the Internet. Moving forward through the roll out of 5G technology, the world will experience ever higher speeds and lower latency. This will lead to the true rise of smart cities, self-driving vehicles, and smart houses. Procon Analytics will play a lead role in deploying new 5G solutions to its partners, clients, and end-users. The team at Procon Analytics has a keen understanding of automotive IoT technologies. The vast amounts of data collected via sensors, devices, and cloud-based platforms have resulted in dozens of proprietary innovations that connect automakers, their dealer partners, and consumers in extraordinarily valuable ways. All solutions are on 4G platforms that are 5G ready, as the 5G infrastructures fall into place. Most Innovative Automotive IoT Solutions Firm 2020 - USA