What The Automotive Industry Can Learn From The Next Wave Of Digital Transformations
SAP News, Thursday, February 22nd, 2024
Disrupt yourself or risk being disrupted. That's true in every industry today. But when it comes to the automotive industry, disruption can be a massive opportunity.
The speed at which the auto industry is changing is nothing short of remarkable. Just think of all the changes we've seen in vehicles over the past few years - from more autonomous driving capabilities to being more connected to your surroundings as you drive.
Electric vehicle demand has also surged over the past few years, which is also great news for the planet. Consumer buying habits are changing as well, with more and more people shopping for vehicles online. Last year, 65% of U.S. vehicle buyers said they shop for vehicles partially or entirely online according to S&P Global Mobility. Car companies are even building for entirely new ownership models.