Digital Innovation in the Automotive Industry…
The current pace of technological developments has a huge effect on automotive companies and the way they transform themselves to respond to customers’ needs and new market trends.
“Technology-driven transformation provides exciting opportunities for automotive companies and service providers that are fast, agile, and innovative.” – Hagen Heubach, Director of Automotive Industry Business Unit SAP SE.
So what trends are driving the digital transformation in the automotive industry?
The Key Benefits of a Digital Automotive Industry
There are many benefits of transforming the automotive industry into an intelligent enterprise. Here are a few:
• Make sure to meet customers’ demands.
• Keep up with competitors during the manufacturing process.
• Automate processes and increase efficiency.
• Securely connect factories and intellectual properties and data into systems.
• Enhance security for car owners.
• Collect more data on the car’s end-user.
• Tracking vehicles and staff performance.
• Ability to use mobile apps, cloud and the internet to connect and control cars.
The Role of AI, ML and IoT in the Automotive Enterprise
The following intelligent technologies are helping automotive enterprises respond to market trends.
• Artificial Intelligence and Machine Learning:
If we want to build smarter cars, we need to start with smarter factories. With the emerging of Artificial Intelligence and Machine Learning, car factories are becoming automotive. Machines will have the ability to understand and organize unstructured data, identify patterns, and improve future performance by learning from past experiences. Auto manufacturers are competing in developing the best self-driving techniques with the applications of Artificial Intelligence and Machine Learning technologies.
• Internet of Things:
Manufacturers are using the Internet of Things during operations, which help connecting the entire chain from design to production to supply chain.
Through IoT technologies, driving will become easier as the vehicles will be able to perform tasks for drivers and cars will become integrated with sensors. It will detect accidents and bad driving through alerts, which can improve road safety.
The IoT can also help in detecting the traffic and road maintenance, and coordinate cars in order to reduce congestion leading to better roads.
Digital Trends that are Transforming the Automotive Industry
Below are the trends that are currently transforming the automotive industry:
Car-buying digitized process:
With digital transformation technologies, car showrooms are transformed into digital market places with virtual reality capabilities. Today, customer start searching for a new car online through websites and applications where he can find all information in a second.
With the new technological trends, vehicles are becoming more intelligent and connected. Below are few of the many services provided by the connected-car trend:
• Battery smart charging
• Stolen vehicle tracking
• Wi-Fi hotspots
• Testing services
• Geolocation services
• Speech technologies
• Predictive maintenance
• Road detection
With the help of sensors, GPS, cameras and other technologies, self-driving cars will handle all situations and conditions. Assisted-driving is another facet of the self-driving car that will also help in reducing accidents and lowering insurance costs.
Smart Manufacturing and digital supply chain:
Digitizing the supply chain allows for more transparency in the process, accelerating in design, manufacturing and delivery. A smart factory uses AI to perform tasks automatically with robots working alongside humans, increasing productivity and decreasing defect rates.
With the self-diagnostic systems and real-time performance analysis, drivers will be alerted of any problem before it happens. This will reduce mechanical failures and repair.
SAP for the automotive intelligent enterprise – Explained!
Tyconz, the SAP Gold partner, provides a suite of intelligent business applications that use Artificial Intelligent, IoT, Analytics and Machine Learning technologies to enable business processes delivering value to customers and becoming intelligent enterprises. Customers at Tyconz have the ability to face any new automotive challenges and opportunities for growth with the help of SAP software, including geopolitical and societal changes, sustainability, mobility, responsive supply networks, shortened vehicle development cycles, and more savvy customers. This SAP software provided and customized by Tyconz, empowers you to accelerate vehicle and service innovation, improve quality, reduce manufacturing costs, and sell and service vehicles more profitably.
Sounds like something your business needs?