Automotive Industry in the Fast Lane
Standardization. Innovation. Accuracy.
Challenges Faced by Automotive Manufacturers and Suppliers
The automotive industry has gone beyond just moving vehicles. It is about intelligence, innovation, high performance, being eco-friendly, and having an audio-visual experience, social media and analytics. With an explosion in the number of makes and models of new cars and trucks on the road today, the automotive industry has never been more challenged to embrace emerging technologies and new business models, driven by data.
The industry is also facing radical change as consumer expectations evolve in both developing and developed markets. Today, consumers want vehicles that can simplify their lives, as well as having a more virtually interactive relationship with manufacturers and dealers.