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The automotive industry is facing changes from a host of innovations in technology and business model. AutomationAside from the electrification of vehicles, automation is another key trend predicted to affect the industry more widely, as well as disrupt other industries, such as automotive insurance. Electrification will becoming increasingly prominent as the wider economy in the West moves to meet its environmental obligations, while innovation in automation is set to create a new dynamic in revenue and profit cycles for the automotive industry, particularly when full automation hits. Changes within the automotive industry are likely to become increasingly impactful over the coming years as new technological innovation and business model innovation develop, and new regulatory conditions are imposed in line with global health and environmental concerns. The effect of automation on revenues and profit are likely to be drastic.
as informed in
Digital Transformation of the Automotive Industry, recent research from Frost & Sullivan's Future of Mobility Growth Partnership Service program, finds that spend on digitalisation will transform the component hardware-driven automotive industry into one focused on software and solutions. "Digital transformation will affect the entire automotive value chain including design, production, distribution and retail; reshaping the traditional automotive business model. The automotive industry is facing unprecedented disruption. Investments into digital automotive are expected to reach $82.01 billion in 2020. "Automotive companies adopting custom digital initiatives will be able to successfully leverage their software investments, access new markets, and easily adopt best practices."
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collected by :John Max
as informed in
Digital Transformation of the Automotive Industry, recent research from Frost & Sullivan's Future of Mobility Growth Partnership Service program, finds that spend on digitalisation will transform the component hardware-driven automotive industry into one focused on software and solutions. "Digital transformation will affect the entire automotive value chain including design, production, distribution and retail; reshaping the traditional automotive business model. The automotive industry is facing unprecedented disruption. Investments into digital automotive are expected to reach $82.01 billion in 2020. "Automotive companies adopting custom digital initiatives will be able to successfully leverage their software investments, access new markets, and easily adopt best practices."
read more visit us industry
collected by :John Max
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