ROLE OF AI: TRANSFORMING AUTOMOTIVE VALUE CHAIN

Since the time of Ford, the Automotive Industry has seen a lot of technology disruptions and has successfully navigated them. In this digital age, where customer’s appetite is increasing for regular technological upgrades, personalized services, enhanced mobility services; it is imperative to adopt emerging technologies such as Artificial Intelligence, IoT, 5G, Big Data Analytics, and Blockchain to stay relevant. In this post-pandemic world, global business and technology trends affirm that digital adoption and hyper-personalization are gaining traction in businesses, technology adoption must enable enterprise agility and stay relevant to business demands.?Artificial Intelligence is the prime mover for technology adoption and staying relevant in the future.

The Adoption of artificial intelligence will Increase Post-COVID; Automakers at the Forefront of Implementing AI Capabilities and connected Strategies will Capture Huge Revenues from Associated Services.

Implementing AI pilots is fairly easy, however, scaling it up for production is the major challenge faced by many. In such a case, it is paramount that focus should not only be given to applications and technologies but also to the infrastructure, processes, and functions for delivering practical, and scalable solutions. AI creates numerous opportunities to reduce costs, improve operations, and generate new revenue streams. OEMs have to nurture IT strategies that will help AI pilots evolve into scalable production and, value realizable solutions. Wouldn't you agree! Curious to hear your thoughts on this!!!