Data is the new fuel steering the Auto industry
Car manufacturers, suppliers, and auto dealerships are under intense pressure to transform their businesses and gear up for the future of mobility. Senior leaders from the Automotive Industry to the SAP Industry Knowledge Exchange Roundtable, Delhi to discuss the megatrends that are affecting the industry.
Intro:
How the government wants to make India a global auto manufacturing hub and double industry to 15 L Crore. (Talk about the opportunity for the Auto Industry)
Young economy with the fastest growth rate, technology and high product development
Introduce IKEX Auto Roundtable - to understand the needs of the auto industry and discuss the solutions / roadmap to fulfill this opportunity.
Challenge / Theme Driving Auto Industry
Neha Chaturvedi - Shifting gears from IC to EV Challenges involved - cost, infrastructure, charging stations, transition to EVs pose many challenges
Quote from AS Raju - Transition to be challenging… IC to Hybrid era before switching to EVs (lots of challenges are expected)
Quote from Rajesh Gupta - ESG goals posing a major challenge, Alternate strategies - modular and scalable business strategies driven by data…
Quote by Sandeep - Prescriptive analytics needed
Lead in - The Need for a strong tech based solution…
How leading Auto businesses are gearing up for the Automotive Digital Transformation Race…
- EV manufacturing and adoption
- Resilient automotive supply chains
- Automotive digital retailing
- Mobility as a service (MaaS) and shared mobility
- The drive to sustainability (Sustainable Mobility)
Strategies for transforming auto companies into smart entreprises
Customer Centricity
Mobility services
Connected Cars
Digital Supply Chain & Smart Manufacturing
Continuous Innovation
For an automotive company, the journey to become a sustainable and intelligent enterprise is a collaborative effort between customers, partners, and SAP. The world is changing quickly, and there is opportunity in innovation spaces that are sparsely populated, empty, or don’t even exist today. Many innovative ideas are out there and in need of platforms to turn imagination into innovation and reality.
SAP’s industry-leading business applications and business network are a solid foundation for next practices and innovation at the vertical edge.
How Cloud Solutions can help the Auto Industry get in the fast lane?
With carmakers, suppliers, and dealerships under intense pressure to transform their businesses and prepare for the future of mobility, the Cloud based technology solutions can help the automotive industry drive profitable and sustainable growth.
Conclusion: How the Auto Industry can gear up for Industry 4.0
Industry 4.0 is about industrial transformation using new digital technology that makes it possible to gather and analyze data across machines and business systems. This enables faster, more-flexible, and more-efficient processes to produce high-quality, individualized vehicles at lower cost. SAP believes that to truly achieve the benefits and impact of Industry 4.0 and become an intelligent enterprise, a company needs to embrace Industry 4.0 holistically across its organization.
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