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Connectivity, digitization to influence auto industry till 2025: KPMG

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  12 Jan 2016 12:00 AM GMT

New Delhi, Jan 11: Connectivity and digitisation are the most important trends which could influence the global automobile industry from 2016 to 2025, said KPMG Global Automotive Executive Survey (GAES) released on Monday. Based on interviews of 800 top auto executives in 38 countries, GAES shed light on business model disruptions, connectivity and digitization, customer data, new products and players in the industry and how data, consumer alytics and informatiol engineering will play a vital role. According to 82 percent of the respondents, the auto industry will experience major business model disruptions in the next five years. “In order to meet their current needs, becoming a customer-oriented service provider is of utmost importance. One way traditiol car makers can add value and offer customised client experiences is by leveraging the massive amount of data that both the car and its drivers produce,” said KPMG’s global head of automotive, Dieter Beck, in a statement. Nearly 20 percent of the respondents highlighted that by 2025, origil equipment manufacturers (OEM) could simply become contractor manufacturers to information and communications technology (ICT) companies. On the evolving situation in India, GAES said that a majority of Indian respondents said the industry will witness disruption in the years ahead. “Connectivity and digitisation are likely to impact all automotive companies in India. (IANS)

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