Connected cars are fast becoming a reality. The pressure on the automobile industry to bring connected-cars to the market is increasing. It is only a matter of time before most companies will launch their products in the market. The technological aspects of a connected car involves how the devices inside the car can be connected with the computing and application servers, and the use of computing power to access real time information and data. Connected cars can change the way businesses are run. This white paper explains use cases from Transportation, Healthcare and Education fields. Business models are discussed in each of these applications to bring understanding on the various players involved in these scenarios. Major challenges are explained and the conclusion provides the next steps for how to take it forward.