A digital transformation is a must for today’s organizations, especially from the automotive industry. If they’re not on board, they are doomed to fail. If they’re on course, they have to think about a second transformation. Digital changes drive organizational ones and the automotive sector can benefit on multiple levels; from strategy, through the creation of an ecosystem, ending with an ongoing test-and-learn approach.
In recent years we’ve witnessed a wide range of tectonic shifts in the automotive industry. From electric cars to self-driving cars, from the increased number of digital systems implemented in vehicles to artificial intelligence (AI) controlling the whole thing. Managing these revolutions don’t come as easy as expected. People, processes, production lines, software, culture gaps, budget – these factors play a significant role in not only modernizing factories but also elevating businesses. How to steer a digital transformation in your company and how can you benefit?
We have recently wrote on digital transformation and what is the nature of this process. Let’s quote one line: it is not a remedy, it’s simply a very important mean to an end.
Here are areas you should focus on in order to upgrade and thrive:
As the volume of connected devices grows, the bigger need for digital transformation. It seems that the only way to keep up with the bandwagon is to join it. The number of connected devices is expected to double between 2017 and 2020, therefore a range on products, services and business models is widening. So does the need for modern factories and assembly lines. The ‘modern’ part of the occasions doesn’t have to end on the software upgrade or the company’s new organisation model.
There is a wide range of work to be done and this is how it’s relevant to the Automotive sector:
By introducing new technologies, the margin enhancement (the cost reduction, productivity improvements and efficiency gains) can prove themselves very clear to anyone sitting at a manager’s table.
Tech-enabled business models, products and services and R&D processes rely on field-gathered data. Here’s where it can come from:
Digital Transformation for automotive is on a rising tide. With tools ready to help conscious leaders to make courageous choices, the whole industry can serve its customers with care and on time.