B&E | New Ways and Opportunities are OPEN in Automotive OEM – Dealership industry
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B&E | New Ways and Opportunities are OPEN in Automotive OEM – Dealership industry

B&E | New Ways and Opportunities are OPEN in Automotive OEM – Dealership industry

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The automotive industry is a fastest changing industry ever. By looking into market condition, competition cost for materials, and environmental challenges it seems to be ever competing. Every day new challenges are ready for the automotive sector. Well, when change comes, there are always new challenges to overcome and moreover fulfill current customers’ needs.

Technology advancements have enabled the use of automated tools and reduced operational cost by enhancing the productivity and quality. Also enabled an end-to-end solution and streamline compliance with innovative solutions.

On the other hand, digital technologies bring the new revolution in the automotive industry through Automotive IT Solutions ever since the inception of a digital era. Simultaneously digital technologies have also played a major role in the parts and inventory management such as dealer management system, automotive analytics, supply chain management, and location-based vehicle tracking systems.

Innovative Digital Transformation – IoT, cloud computing, big data analytics, and car connectivity has created a completely new ecosystem and open new horizons for the automotive industry. As a result, Automotive OEMs have the clear vision of creating new models for supply chain and logistics management.

Digital technology – mobility, big data and analytics, cloud computing, IoT and smart connectivity is transforming the entire system of the supply chain. It has opened new horizon where automotive merchants can collect more robust data and analytics resulting in improved planning, forecasting, inventory modeling, and logistics execution.

Let’s walk through primary focused area and capabilities which will bring more efficiency in the automotive sector.

Big Data and Analytics

One of the biggest benefits of connected cars will be fleet management. Many transportations and logistics companies have already started taking and implementing smart decisions from the analytics data collected. Companies have now a better control over budgeting, location monitoring and oversight of their fleets.

Advanced Driver Assistance Systems (ADAS)

ADAS has collision avoidance and navigation features for safety and better driving experience. The safety feature is designed to avoid accidents and collisions with the help of technologies that alerts the driver to potential problems. As per the recent survey, it is predicted 26% growth in this area over a five-year period (Ian Riches of Strategy Analytics).

Augmented Reality (AR)

AR will assist driver safety and also help to bring smart designs and repair improvements. Virtual reality has created a simulated world and created elements to the real world via technology innovations. Most prominent example of VR is “Pokemon GO” game for smartphones. We will see many AR solutions to be offer in the Automotive industry such as smart head-up displays, infotainment systems, and displays, etc. which is followed by apps for repair stores in 2017.

3D Printing

3D printing technology has already replaced expensive CNC production for parts design. Parts design cost is dramatically decreased over a period of time after 3D printing comes in the automotive market.

This gives designers and engineers the ability to improve and test parts design quickly. The printed plastic parts designed with 3D technology printing also perform better technically, weigh less, and are well suited for the production of complex bodies that, when using conventional metal-cutting processes, would be very difficult and cost of production is higher. It also cuts down lead times to days, instead of weeks compared to traditional methods.

Autonomous Vehicles

In mid-2017, we will see autonomous functionality features enabled in new launch cars. Autonomous capabilities like self-parking and cruise control will be available in all newly launching cars. Ford has already announced its mass production for autonomous vehicles by 2021. Google and Tesla also making and testing driver-less cars.

Cyber Security 

With the rise of artificial intelligence and autonomous vehicles, data security and safety is also the equally important factor. Today many vehicles manufacturing companies using antivirus and threat detector tools that identify the threat and separate it. But this isn’t an ideal solution. 

Collaborative Monetization to see the Growth

Today world demands automotive companies collaborate in areas outside their space and seek ways to make new profits. Next year we will see more about car-and-ride sharing and engage with new customers and demographics. More OEMs will make a move in creating leasing organization that deals with partial ownership and vehicle servicing. And more importantly, they can create brand loyalty programs and rewards with.

Gateway has been an actively working with many automotive companies for more than a decade and providing automotive IT and software solutions. Our continuous investment in emerging digital technologies to provide cutting edge solutions have brought us an opportunity to work for leading automotive players as clients.

This is a "Sponsored Post". Content Provided by Gateway Technolabs, India