Ep 36. Enabling a Data-Driven Revolution

Data-driven innovation is having a profound impact on the automotive industry, from manufacturing to customer experience. Automotive companies are leveraging data in three main ways: enhancing quality control and reducing costs in the manufacturing process, improving in-car services and security, and providing adaptive services throughout the car's lifecycle. While automotive companies have made progress in data-driven innovation, there is still room for improvement. The quality of data is crucial, and companies need to invest in data governance and employee training to ensure data quality. Balancing quality and quantity of data is important, and companies should have a clear intent for collecting and storing data. Managing the increasing complexity of data requires a reliable infrastructure and efficient data storage solutions. The ultimate goal is to use data to enhance the user experience and create better products.

Takeaways

• Automotive companies are leveraging data to enhance quality control, improve in-car services, and provide adaptive services throughout the car's lifecycle.
• Data quality is crucial, and companies need to invest in data governance and employee training to ensure data quality.
• Balancing quality and quantity of data is important, and companies should have a clear intent for collecting and storing data.
• Managing the increasing complexity of data requires a reliable infrastructure and efficient data storage solutions.
• The ultimate goal is to use data to enhance the user experience and create better products in the automotive industry.