Dynamic Vehicle Safety and Value Assessment Enabled by Real Time Network IoT Sensor Data Analysis

A computer system for dynamic vehicle assessment, the computer system comprising:

• a communication fabric;
• a storage device connected to the communication fabric, wherein the storage device stores program instructions;
• and
• a processor connected to the communication fabric, wherein the processor executes the program instructions to:
• determine a baseline value of a vehicle based on current market values of a set of vehicles similar to the vehicle with regard to similar year, make, model, and mileage;
• determine a percentage of deviation from the baseline value of the vehicle based on a cost to repair a set of given parts of the vehicle predicted to fail within a defined time period;
• determine a real time actual market value of the vehicle based on the percentage of deviation from the baseline value of the vehicle according to the cost to repair the set of given parts of the vehicle predicted to fail within the defined time period;
• and
• send the real time actual market value of the vehicle to a requester via a network in response to receiving a request for an assessment of the vehicle.

A computer program product for dynamic vehicle assessment, the computer program product comprising a computer-readable storage medium having program instructions embodied therewith, the program instructions executable by a computer to cause the computer to:

• determine a baseline value of a vehicle based on current market values of a set of vehicles similar to the vehicle with regard to similar year, make, model, and mileage;
• determine a percentage of deviation from the baseline value of the vehicle based on a cost to repair a set of given parts of the vehicle predicted to fail within a defined time period;
• determine a real time actual market value of the vehicle based on the percentage of deviation from the baseline value of the vehicle according to the cost to repair the set of given parts of the vehicle predicted to fail within the defined time period;
• and
• send the real time actual market value of the vehicle to a requester via a network in response to receiving a request for an assessment of the vehicle.