The Future of Driving: Accelerating towards a data-driven customer-centric mindset

The automotive industry is currently experiencing a period of unprecedented turbulence and uncertainty. On the one hand, the convergence of emerging and disruptive technology-driven trends is driving a seismic shift in business models and changing customer expectations.

On the other, policy makers around the globe are pressuring manufacturers to cut emissions, while making sure consumers pay a premium when it comes to parking, driving or insuring their fossil-fuelled vehicles – especially in heavily congested cities and urban conurbations.

It all adds up to a considerable degree of uncertainty as to what the future holds for the industry.

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Filed under: Industry News

Top Reads: Innovation in Automotive

The automobile is a transformative invention that changed the technological, social, and economic fabric of our society. Now, we are witnessing a new era of accelerated automotive disruption, which according to McKinsey is likely to be far more impactful than the previous 50 years.

While industry analysts are not entirely clear what the future of automotive technology holds, we know that SAP customers in the industry are focused on three central trends: driving the business with artificial intelligence, applying automation everywhere, and moving to autonomous vehicles. These trends are putting pressure on automotive businesses to make their operations fully digital, organize and manage their data more effectively, and integrate and connect their critical business systems.

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Filed under: Industry News

Indus Motor Company Uses SAP S/4HANA to Meet Industry Demands

Indus Motor Company Ltd., a Toyota manufacturer in Pakistan, needed to update its legacy ERP to meet growing consumer demands. Like other automakers, the company was challenged with managing costs, being efficient, and understanding customer needs. Indus knew it needed technology that would connect its teams from production to sales through one source of truth.

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Imagining Innovation with Frank M. Rinderknecht of Rinspeed

To Frank M. Rinderknecht, founder and CEO of Rinspeed, Inc., innovation is more than just a buzzword. Rinderknecht and Rinspeed have been pushing—or you could say, pulling—the automotive industry into the future for more than 40 years. The company’s newest project, a modular, fully automated vehicle called the “Snap,” is much more than pods on wheels. It’s a whole new way of thinking about transportation.

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First Annual SAP Excellence in Automotive Award Winners

On Thursday, September 13, SAP announced the winners of the first annual Excellence in Automotive Awards at the Best Practices for Automotive conference. The three awards; Breaking the Mold, Digital Disruptor and Excellence in Operational Performance were hotly contested. Each nomination was evaluated by a panel of industry experts on how they meet and exceed the pre-defined standards listed in each category, as well as ranked against their competitors.

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Leading Success Stories Prove the Automotive Industry is Reclaiming Innovation

“The auto industry will change more in the next five to 10 years than it has in the last 50,” General Motors CEO Mary Barra notably mentioned at the World Economic Forum two years ago.

The speed of change can certainly be seen with leaders like Tesla beginning to charge for their connected cars premium internet and therefore establishing a revenue stream. As well as outsiders like Waymo (Google’s autonomous car development company) making huge strides in producing reliable and safe driverless cars.Continue reading

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Why Automotive Companies Need To Capitalize On IoT In Manufacturing

The automotive manufacturing world is experiencing a rapid business transformation. While some say this is due to the change in manufacturing of vehicles themselves, it really has to do with the way people use and want to use their vehicles. Consumers want more than to just head to a dealership and purchase a car. As consumers have seen many other aspects in life becoming connected, they want their automotive experience to be connected as well. This means manufacturers are becoming involved at a customer level to ensure everything is working seamlessly, from reminding customers to come in for an oil change, to notifying them when a connected part reports it needs a service upgrade.

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Venue

Detroit Marriott at the Renaissance Center
Renaissance Center, 400 Renaissance Drive Detroit, MI 48243
Phone: +1-313-568-8000

Venue

Detroit Marriott at the Renaissance Center
Renaissance Center, 400 Renaissance Drive Detroit, MI 48243
Phone: +1-313-568-8000