Tag: connected

Why the future of the automotive industry is connected cars

The shaking investment climate and uncertain consumer technology demand remain some big obstacles for this technological developmentā€™s key supporters. Cash protection and risk management are the key areas of emphasis in this complex economic environment. If car companies concentrate on productivity, they will focus on investments that increase the visibility of the supply chain, efficiency in sales, and customer service. They will have to concentrate on the most valuable use cases with the highest ROI for companies that invest in automotive digitalization. The biggest challenges will remain to forecast the ROI of emerging technology and to find optimal applications in the automotive sector. Our forecasts suggest that by 2030, more than one in three kilometres driven could already involve sharing concepts.

Instead, in light of COVID-19, the need to stimulate total new car purchases has prompted a range of new financial incentives introduced across major markets, some of which clearly … Read More