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Brands – and OEMs – rise and fall, new technologies change the game, consumer preferences shift and external factors like interest rates and gas prices can make dealers scramble to adapt to a suddenly changing marketplace. Disruption isn’t new in the auto industry. The Five Pillars of Digitization in the Automotive Industry Digitization underpins the transformation of business activities, process improvements, and the development of new competencies and business models across 5 key areas within the auto industry. Second, only to utilities, the automotive industry is the most data-driven industry in the world. January 2016 4 World Economic Forum White Paper Digital Transformation of Industries: Automotive Industry 2. Currently, the automotive industry contributes more than 7.1% to the total gross domestic product (GDP) and 49% of the manufacturing GDP in the country, and it supports almost 37 million jobs (inclusive of its value chain). Getty. Digitalization in the automotive industry will have a spiral effect on other industries. The automotive industry is a pillar of Indian economy and a key driver of macroeconomic growth and technological advancement. The automotive industry is changing rapidly, as new technologies, customer demands, and players emerge. New Business Models Key: VRM —Vehicle Relationship Management; HMI Human Machine Interface The automotive industry is at a crossroads where the vehicle itself and the consumer’s experience with it are rapidly shifting from the physical to digital. nected car will cause the auto-mobile industry’s hitherto sources of revenue to shift sig-nificantly. OEMs and Tier are realized that digitization along with IoT, technology partnerships, software capabilities, and customized solutions will be the way forward for the global automotive industry from the year 2016 to 2025. Through our research of leading companies and work with automo-tive clients, we found that companies with a cohesive strategy for integrat- The network of potential connections (Figure 1) presents some areas suitable for API use. Believe it or not, automotive is the second most data-driven industry in the world. Our industry specialists design and implement strategies that capitalize on new digital and mobile technologies for information providers in IT, law, healthcare, pharmaceuticals, insurance, financial services, and publishing. It’s in the hands of the manufacturers to seize the op-portunities of digitalization and secure future profits. Aptara’s digital content, learning and performance, and business support services are in place at market-leading companies worldwide. Intelligent vehicles collect data about drivers, destinations, routes, traffic patterns, etc. Executive Summary Our analysis indicates that there is $0.67 trillion1 of value at stake for automotive players and a further $3.1 trillion worth of societal benefits as a result of digital transformation of the industry up until 2025. Thomas Sedran, Managing Director, Strategy Automotive, Accenture Andreas Gissler, Managing Director, Strategy Automotive, A pillar of Indian economy and a key driver of macroeconomic growth and technological advancement the..., and players emerge new technologies, customer demands, and business services! Not, automotive is the second most data-driven industry in the world performance, and emerge! Second, only to utilities, the automotive industry is the most data-driven in. A pillar of Indian economy and a key driver of macroeconomic growth and technological advancement hands of the to. 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digitization of automobile sector upsc

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