Gain valuable information about digital transformation and Industry 4.0 and their role in the automobile industry.

1. -KARTHICK
Way2Smile Solutions

2.  The term “INDUSTRY 4.0” is a German
initiative. It responds to all the growing needs
of the manufacturing sector regarding the
customers.
 The actual focus of this particular transition is
to identify the look at avenues to create an
enhanced manufacturing model. This model
will have the power to go head-to-head with
the economies that carry advantages in labor
rates, the cost of productions, and many
more.

3.  Industry 4.0 is defined as a framework that
can quickly bring out the union of process
innovations, collaborative exercises, and
technologies. It will bring forth the massive
potential of valuable creations in the coming
future.

4.  Many individuals wonder why to choose the
automobile sector in particular when it comes to
industry 4.0 and digital transformation. Well,
there is a reason behind it, and it’s a big one.
You see, within several non-automotive firms,
the need for customer services has increased
dramatically.
 It’s because these companies are eyeing
customer engagement conduits past the point of
vehicles. The OEMs lose their opportunities when
it comes to time-to-market reaction, product
planning, and newer services. This is because
they lack vehicle or customer feedback.

5.  In this modern realm, connected vehicles are
taking the entire blue planet by storm. They have
become a leading area towards investment within
the automotive sector. Soon, all the aspects of
vehicular transportation will be controlled by
information technology and telematics.
 Currently, the connected vehicles are already
providing services for service diagnostics,
navigation, multimedia, emergency, and security.
These services have become way too
comprehensive and have expanded towards the
home and office as well.

6.  So, the automotive OEMs have to consider
transforming their entire business and offering
an integrated transportation experience to each
of their customers. Connected vehicles are also
providing various other digital capabilities to
customers, changing how they interact and use
the vehicles.
 They are also offering heaps of opportunities to
revisit all the revenue information to redefine,
extend, and magnify customer communication.

7.  So far, the electronic vehicle sales have been
pretty disappointing, but the demand for such
vehicles is increasing rapidly. Experts have
provided evidence that over 35,000
consumers from 20 different nations are
considering alternative-fuel vehicles in the
coming future.
 This is an impressive 41% increase compared
with 2019, where only 29% of the
respondents claimed to opt for an EV in the
future. But the low fuel prices and restrained
environmental policy have kept the interest of
fully electric and hybrid vehicles at bay, especially
within the US.

8.  But within countries like Japan, India, and the UK
& US, the lack of EVs infrastructure has become a
prime concern among consumers. Generally
speaking, the consumers have to be convinced
that it’s worth buying an electric vehicle.
 To increase the share of electric vehicles,
customers have to become pretty motivated, and
the infrastructure must be present, the cost
needs to go down. But above everything,
customers should also receive the same type of
experience, which they get through ICE
or Internal Combustion Engines.

9.  Just like all the other businesses, the companies
within the automotive sector are also
determining how they can stake their claim
within the rising mobility solutions business
models.
 Pollution problems, congestion, and population
growth push customers to consider the
constraints of greater urban transit data and
vehicles. It also makes them consider the
restrictions within ubiquitous
telecommunications present within the existing
and digital things.

10.  But the majority of the customers do not wish to give
up access to vehicles. The automakers have been
challenged to bundle up the correct mix of cars and
other transportations modes into integrated and
compelling new offerings.
 The need for a digital solution for vehicles and
outside of it has become compulsory. Many Digital
transformation agencies are helping automotive
enterprises by providing advanced assistance
systems. Consequently, the power to personalize an
electronic experience within the vehicles increases
rapidly, with vehicle adjustment, dashboard
modification, navigation, and customized media
content.

11. Cloud Computing
 Sharpening the output and excellence while reducing
expenses has always been the main objective of all
the process enhancements. Cloud stands out as one
of those areas, which can highlight the starting of a
brand-new era.
 Here, the Internet of Things (IoT) will be utilized as a
purchase puller and as a tool, which will improve the
bottom-line performance of OEM and improve the
internal savings. Latency and criticality will surely be
the two main factors that will come into play when
deploying cloud within an industrial setting.

12.  The analysis of Big Data is the starting of the amplified
latent for the automotive sector, which will negate all the
existing challenges and look way beyond customer
expectations. Process improvements, customer behavior,
resource optimization, and risk management are the top
categories that all manufacturers should utilize for their
data penetrations.
 This approach will surely provide all the vehicle
manufacturers with a view of the imminent trends, which
will offer them guide investments and structure research.
It will enable automakers to make data-driven
decisions and pave the path to avoid all the associated
risks and losses.. By linking the production lines with the
suppliers, the stakeholders will understand the
interdependencies, process cycle times, and the flow of
all the materials.

13.  In this technologically advanced era, all auto
firms have to opt for innovation if they want
to benefit through the various opportunities
within mobility services and connected
vehicles. Companies have to create brand-
new portfolios of capabilities for
responsiveness and flexibility to fast-
changing customer needs.
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