Pratyush Singh offers suggestions for harnessing the power of digital transformation in automotive value chains In a world where the very essence of industry is evolving, the automotive sector stands at the crossroads of a profound transformation. Gone are the days when automotive value chains were synonymous with assembly lines and supply networks. The landscape is shifting. This change is not just about automating production processes; it’s about reimagining an entire ecosystem. Digital transformation, a term often discussed in boardrooms and tech conferences, can reinvent the automotive industry, not just by introducing technological novelties but by reshaping the definition of mobility. Leaders and experts in digital transformation and tech strategy are at the helm of an unprecedented revolution. The automotive industry is no longer about building and selling vehicles. Instead, it is crafting experiences, ensuring sustainability, and forming ecosystems. Adopting the latest tech trends is not enough. Today, the emphasis is on redefining business models, forging customer relationships, and pushing the boundaries of what’s possible—all with a solid technological foundation. Redefining value chains: beyond the assembly line Traditionally, the automotive industry’s value chain was linear, where raw materials were transformed into vehicles through assembly line operations. Digital transformation has […]
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