Dennis Haggerty pointed out that, Personal mobility has seen a tremendous transformation in recent years. Because of the growing use of public transit and car-sharing systems, possessing a car is almost totally ineffective for younger drivers. Congestion on the roads and environmental concerns are also contributing to the decline in the number of people who own their own automobiles. Therefore, manufacturers must look for new business opportunities and innovative services in order to attract a younger demographic. When it comes to achieving a comprehensive digitization of the sector, digital transformation is very critical. Consider a few examples of firms that have embraced technology in order to build cutting-edge products and services.
A significant digital transformation is taking on in the automobile industry right now. In order to keep up with the industry's transition toward electrification and connectivity, manufacturers are looking for ways to improve operations while simultaneously reducing operational costs. Optimizing equipment and reducing cycle durations are required to do this, with unscheduled downtime being kept to a minimum if at all practicable. A comprehensive image of a company's asset data may be obtained through industrial apps, which can be beneficial for businesses. Using data from industrial applications, manufacturers may increase the efficiency of their manufacturing processes. This article will examine some of the most important trends now in use, as well as how they might be applied to improve the efficiency of businesses.
In Dennis Haggerty’s opinion, As a result of this shift, the car industry is prepared to flourish. A shift in the way vehicles are supplied and the way people interact with them is essential to achieve this goal. To better serve their clients, numerous automobile manufacturers have already initiated the transformation of their businesses to embrace digital capabilities and reimagine the role of the dealer. Businesses must map a user's identity across many digital channels and devices in order to take advantage of the omnichannel marketing approach. The correlation between offline behaviors and online habits will be easier for them to make in this way. The key to reaching this degree of success is to anticipate consumer needs and to use technology to give the best possible customer experience.
Manufacturers must embrace digital transformation if they want to improve the competitiveness of the vehicle industry. Automakers must adapt their operations to comply with new environmental regulations as well as suit the needs of their consumers in addition to using digital technologies. It has been said that the car industry is going through a "once in a century" transformation. To satisfy the needs of the new digital age, which includes connection, robotics, and automation, manufacturing and operations must be transformed. Linked vehicles and a highly tailored consumer experience are two benefits that will accrue to automotive manufacturers after the industry has been fully digitalized.
Dennis Haggerty believes that, providing an overview of current trends as well as a point of view on major segments, the digital revolution of the car industry is discussed in depth. As a result of the digital revolution, human connection with automobiles is changing, which is having an impact on the development of autonomous cars. As digital technology becomes more prevalent in the automobile sector, manufacturers are incorporating it into their operations to provide online customer service, and car dealerships are taking use of eCommerce to sell their products directly to customers. This invention, on the other hand, does not come without its challenges and drawbacks. Capital investment and aversion to change are two of the most major roadblocks.