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The Future of Automotive Industry

Rmukesh Gupta

There is a lot going on in the automotive industry, specifically the car segment. These are my thoughts on the future of automotive industry. Ideas Strategy 3D Printing Airbus flying car Disruptions in Automotive industry Future of Automotive Industry Industry Outlook for automotive Ola OlaShare sharing economy Uber UberPool ZipCarOpen-source.

The Automotive Industry’s Big Data Challenge (Part 1)

Corporate Innovation

There is much less conversation about the fifth dimension.  In this two-part series, we will discuss the big data challenge facing the automotive industry. Information in EAC+MS implies big data and incumbents in the automotive ecosystem must become serious about big data. Newcomers to the automotive industry such as Google, Tesla, Faraday Future, and likely Apple, but also Uber, and Lyft, realize this imperative. Therefore, EAC vehicles generate really big data and this is why the incumbent automotive ecosystem must become proficient with big data in a hurry.

The Automotive Industry’s Big Data Challenge (Part 1)

Corporate Innovation

There is much less conversation about the fifth dimension.  In this two-part series, we will discuss the big data challenge facing the automotive industry. Information in EAC+MS implies big data and incumbents in the automotive ecosystem must become serious about big data. Newcomers to the automotive industry such as Google, Tesla, Faraday Future, and likely Apple, but also Uber, and Lyft, realize this imperative. Therefore, EAC vehicles generate really big data and this is why the incumbent automotive ecosystem must become proficient with big data in a hurry.

The Automotive Industry’s Big Data Challenge (Part 2)

Corporate Innovation

In this first part of this two-part series, I discussed why the automotive industry, particularly the incumbent OEMs, is facing a big data challenge. Newcomers to the automotive industry, e.g., Google, Tesla, Uber, but also startups like Faraday Future, Atieva, Renovo Motors and Divergent Technologies, have realized the importance of big data and associated analytics and have been creating detailed strategies as they stated to design their vehicles and associated mobility services. There is significant fragmentation in the automotive world regarding data ownership.

The Automotive Industry’s Big Data Challenge (Part 2)

Corporate Innovation

In this first part of this two-part series, I discussed why the automotive industry, particularly the incumbent OEMs, is facing a big data challenge. Newcomers to the automotive industry, e.g., Google, Tesla, Uber, but also startups like Faraday Future, Atieva, Renovo Motors and Divergent Technologies, have realized the importance of big data and associated analytics and have been creating detailed strategies as they stated to design their vehicles and associated mobility services. There is significant fragmentation in the automotive world regarding data ownership.

4 Surprising Ways that Corporate Innovators Can Outsmart and Outrun Failure

Rocketspace

Despite limited resources, startups are unbundling billion- and trillion-dollar industries like consumer packaged goods, healthcare, automotive, and real estate, just to name a few. “In the new world, it is not the big fish which eats the small fish, it's the fast fish which eats the slow fish," says Klaus Schwab , founder and executive chair of the World Economic Forum. In other words, corporations aren't competing with each other—they're competing against fast-moving startups that threaten their existence. Meanwhile, the average life of an S&P 500 company is rapidly declining.

Automakers Must Partner Around Big Data

Corporate Innovation

The exploitation of big data that is generated by vehicles, consumers and companies across the entire automotive value chain must become a key competence of all automakers. The future of the automotive industry and, by and large, of the entire transportation industry , continues to generate strong debate and differing visions. As the automotive industry opens up to accommodate more mobility services, walled gardens will fail in the same way they failed in the telco industry. Big Data Innovation automotive innovation Big data corporate innovationImplications.

The Innovation-Driven Disruption of the Automotive Value Chain (Part 3)

Corporate Innovation

In a previous post I wrote about the disruptive innovations that have been introduced by Tesla Motors (Tesla) and Uber and presented the steps the automotive industry should be taking in order to address the startup-driven disruption.  In this post I want to make three points: It is hard for startups to break into and succeed in the automotive industry. and environment conditions.

The Innovation-Driven Disruption of the Automotive Value Chain (Part 3)

Corporate Innovation

In a previous post I wrote about the disruptive innovations that have been introduced by Tesla Motors (Tesla) and Uber and presented the steps the automotive industry should be taking in order to address the startup-driven disruption.  In this post I want to make three points: It is hard for startups to break into and succeed in the automotive industry. and environment conditions.

The Automotive Industry’s Big Data Challenge (Part 1)

Corporate Innovation

There is much less conversation about the fifth dimension.  In this two-part series, we will discuss the big data challenge facing the automotive industry. Information in EAC+MS implies big data and incumbents in the automotive ecosystem must become serious about big data. Newcomers to the automotive industry such as Google, Tesla, Faraday Future, and likely Apple, but also Uber, and Lyft, realize this imperative. Therefore, EAC vehicles generate really big data and this is why the incumbent automotive ecosystem must become proficient with big data in a hurry.

10 Industries The Internet of Things Will Change Forever

Game-Changer

Automotive. Changes in the current automotive market are already transforming automakers into technology companies, and the IoT will accelerate that change even more. According to McKinsey, linking the physical and digital worlds could generate up to $11.1 trillion a year in economic value by 2025. Here are ten industries the Internet of things will change forever: Manufacturing.

The Automotive Industry’s Big Data Challenge (Part 2)

Corporate Innovation

In this first part of this two-part series, I discussed why the automotive industry, particularly the incumbent OEMs, is facing a big data challenge. Newcomers to the automotive industry, e.g., Google, Tesla, Uber, but also startups like Faraday Future, Atieva, Renovo Motors and Divergent Technologies, have realized the importance of big data and associated analytics and have been creating detailed strategies as they stated to design their vehicles and associated mobility services. There is significant fragmentation in the automotive world regarding data ownership.

Automakers Must Partner Around Big Data

Corporate Innovation

The exploitation of big data that is generated by vehicles, consumers and companies across the entire automotive value chain must become a key competence of all automakers. The future of the automotive industry and, by and large, of the entire transportation industry , continues to generate strong debate and differing visions. As the automotive industry opens up to accommodate more mobility services, walled gardens will fail in the same way they failed in the telco industry. Big Data Innovation automotive innovation Big data corporate innovationImplications.

Monetizing Personalized Transportation Experiences by Exploiting Big Data

Corporate Innovation

Both shows will serve as venues for the automotive industry to showcase Autonomous Connected Electrified (ACE) vehicles and new Mobility Services. These innovations and the emerging model are creating two challenges for the automotive industry. The emerging car ownership/car access hybrid model for personal mobility will negatively impact the automotive industry’s established business models , as well as the models of other industries that are part of the transportation ecosystem. Challenge 1 : The existing business models are no longer sufficient.

Sufficiency as the ultimate business strategy for sustainability?

Norbert Bol

Riversimple – automotive manufacturer and car lease service: reducing impacts of automotive solutions. When companies are innovating for sustainability there are different strategies that can be pursued. In general these strategies aim to create positive benefits and/or to reduce negative impacts for society and nature. In a recent published article Brocken & Short (2015) give six examples of companies that are taking the sufficiency-based approach as a business model. Vitsœ – furniture manufacturer: extending product life and encouraging reuse. Norbert Bol. Literature. 2015).

Should a car be able to decide who to kill and who to spare?

Idea to Value

Daniel Hirsch , an automotive expert at PA Consulting asks: “A child runs on the street and the car has only two options — killing the child or killing the old, cancer-suffering driver.”. Chris Gerdes, who runs the Stanford University’s Center for Automotive Research looking into questions like this, thinks that many car manufacturers will find ways for an autonomous car to quickly hand back control to a human driver , even if this happens at the moment the car needs to make a moral choice but cannot, and the driver is not ready to get control back. The car manufacturer?

Monetizing Personalized Transportation Experiences by Exploiting Big Data

Corporate Innovation

Both shows will serve as venues for the automotive industry to showcase Autonomous Connected Electrified (ACE) vehicles and new Mobility Services. These innovations and the emerging model are creating two challenges for the automotive industry. The emerging car ownership/car access hybrid model for personal mobility will negatively impact the automotive industry’s established business models , as well as the models of other industries that are part of the transportation ecosystem. Challenge 1 : The existing business models are no longer sufficient.

When the business models shift, innovators rejoice

OVO Innovation

Then, of course, the entire US automotive industry shifted its model, from a manufacturing model to a financial model. In the last 20 years most US manufacturers made more money on the financial aspects of the automotive industry (loans, leasing, etc) than they did on building and selling, you know, their main product. More importantly, will other companies, not in the automotive sector, recognize the fact that business models are now the place to innovate, and start to innovate before their model shifts What does an innovator do when the reigning business model tumbles?

Learn from the Best: Google’s Nine Principles of Innovation (Part 1 of 2)

Robert Brands

It was Google—not the automotive industry—that came up with the idea of the self-driving car. Exploring Google’s Successful New Product Development and Innovation Process. Google is widely considered, by both the general public and business experts, to be one of the most innovative companies in the world. Google’s “recipe” for driving innovation is no carefully guarded secret sauce.

The Volkswagen Scandal: The Perils of Trying to be #1

Michael Roberto

When I heard the news, I began to think about several recent scandals in the automotive industry. At one point or another over the past fifteen years, each firm has aspired to be the largest automotive company in the world. Yesterday we learned that Volkswagen it employed software specifically designed to circumvent emissions regulations. GM had the ignition switch scandal. Toyota had the acceleration problems. Now Volkswagen has acknowledged to tampering with technology to make it appear as though emissions were lower than they actually were.

Dell Technologies: Dell Client Drill-Down

Information Playground

 Each device can be deployed in a variety of business verticals: industrial, automotive, health, and oil and gas (to name a few). Over the last few weeks I've been laying out a technical vision for Dell Technologies. then explained that these layers can be combined together through a set of rich cloud services. Edge Gateways and I/O Expansion (e.g. Steve. link].

The Most Critical Horizon to the Success of Corporate Innovation Initiatives

Corporate Innovation

In addition to Boeing’s Business Jet business, NVIDIA’s growing automotive business that is based on the company’s GPU chips is a Type 1 example. With existing business models in many different industries reaching maturity and providing little or no growth, and startups disrupting them with their new solutions, corporations find themselves more than ever in need for creating new businesses.

Forget products, innovate your business model

OVO Innovation

Tesla is trying to disrupt automotive sales and distribution, attempting to sell directly to consumers rather than through dealers. What happens when the largest, most cataclysmic change forces known to business collide with embedded, rigid business structures and models? Which side wins, the irresistible force or the immovable object? In my post today, I'm going to answer this age-old philosophical question. Innovation and change destroy complacent, unchanging business structures and models. Every time. Every where. In every market. It's almost trite to say "the new normal is change".

The Most Critical Horizon to the Success of Corporate Innovation Initiatives

Corporate Innovation

In addition to Boeing’s Business Jet business, NVIDIA’s growing automotive business that is based on the company’s GPU chips is a Type 1 example. With existing business models in many different industries reaching maturity and providing little or no growth, and startups disrupting them with their new solutions, corporations find themselves more than ever in need for creating new businesses.

Is this really breaking the traditional model on Innovation?

Paul Hobcraft

Presently these are working on different solutions for the automotive, virtual reality glasses, agile products and services for energy, developing applications for the French Railway (SNCF for connected watches and a number of other examples outlined in the press release. I came across the recent launch of Capgemini’s Applied Innovation Exchange today, it left me puzzled.

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Incremental innovation : Even in highly mature industries, such as automotive, experimentation gains ever more importance. While At the beginning of 2013,  Tim Kastelle and I identified four key issues in innovation management for the time to come. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Open and social co-creation.

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Incremental innovation : Even in highly mature industries, such as automotive, experimentation  gains ever more importance. While In the course of this first month of 2016, I was asked a couple of times what my prospects are for the year ahead when it comes to key innovtion issues. Hence, Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

B2B 36

A Major Shift for Corporate Innovation: The Impact of IoT and the Digital Economy

Innovation Upgrade

heard about case after case in automotive, home appliances, logistics, farming, electronics, accessories and services industries. You can no longer have a serious and credible innovation strategy if you do not have a strong understanding of the digital economy and how the “internet of things” (IoT) will impact your company and industry. This is one of my key lessons from a week long trip in Silicon Valley where I helped design and lead a program for senior executives from Koc Holding, Turkey. Get in touch if you want to join a similar program). I am not a first mover on these thoughts.

Report Highlights Increased Open Innovation Activity

IdeaConnection

This included worldwide patent application activity and scientific literature publications in 12 technology areas, such as aerospace and defense, automotive, biotechnology and oil and gas. Open innovation is thriving.  This annual study is now in its seventh year and based its findings on research that looked at global intellectual property data.  2015 was a Big Year for Innovation.

Innovation Outposts in Silicon Valley – Going to Where the Action Is

Corporate Innovation

Companies tend to set up their outposts to respond in one of five ways: Invent : They establish project-specific advanced development efforts like Delphi Automotive’s autonomous car navigation project or broader Horizon 3 basic research efforts that take advantage of, or investigate, technologies and business models the innovation ecosystem is known for in order to create new products and services.

Innovation Outposts in Silicon Valley – Going to Where the Action Is

Corporate Innovation

Companies tend to set up their outposts to respond in one of five ways: Invent : They establish project-specific advanced development efforts like Delphi Automotive’s autonomous car navigation project or broader Horizon 3 basic research efforts that take advantage of, or investigate, technologies and business models the innovation ecosystem is known for in order to create new products and services.

When past experience doesn't matter anymore

OVO Innovation

For example, disruption in the automotive industry is much more likely to come from Tesla or Google than from GM or Ford. Again, for automotive manufacturers the disrupters will come increasingly from Silicon Valley, where they are used to really rapid change and short product cycles. How will relatively stodgy companies compete when customer demands shift to expectations of interesting new products and experiences that are more like consumer goods expectations than automotive industry product development cycles? I'll explain what I mean by that shortly.

Open Innovation Challenge and the Internet of Things

IdeaConnection

Nokia’s new open innovation contest is looking for the next big IoT concepts and business models for public safety, connected automotive, industry 4.0, Communications and information technology giant Nokia has launched its Nokia Open Innovation Challenge for the fourth year running, and this time round is focused on the Internet of Things (IoT). Up for grabs is €100,000 (approx. link].

6 Key Takeaways from the 2016 Chief Innovation Officer Summit

Spigit

It wasn’t until the 1950s that the first 3-point seat belt was established and seat belts became standard in vehicles, which revolutionized automotive safety. Last week was Innovation Enterprise’s Chief Innovation Officer Summit (CINO) held in San Francisco. As you can imagine with any conference about innovation, there was no shortage of interesting insights, perspectives, and stories.

How to Avoid Innovation Theater: The Six Decisions To Make Before Establishing an Innovation Outpost

Corporate Innovation

Anticipates being disrupted in the near future, as is the case in the automotive and chemical industries. This is the third in a series on the changing models of corporate innovation co-authored with  Steve Blank. Steve and I are working on what we hope will become a book about the new model for corporate entrepreneurship. Read Corporate Leadership’s Innovation Outpost Decision Process 
.

How to Avoid Innovation Theater: The Six Decisions To Make Before Establishing an Innovation Outpost

Corporate Innovation

Anticipates being disrupted in the near future, as is the case in the automotive and chemical industries. This is the third in a series on the changing models of corporate innovation co-authored with  Steve Blank. Steve and I are working on what we hope will become a book about the new model for corporate entrepreneurship. Read Corporate Leadership’s Innovation Outpost Decision Process 
.

Leveraging New Ventures for Innovation

Integrative Innovation

Automotive companies are expanding their product portfolios and broadening their ecosystems through investments in mobility systems and new financing models. As pointed out in a recent post , teaming up with startups provides an opportunity for established firms to drive innovation without risking major interference with their core businesses. And how to handle a startup after an acquistion?

How to Set Up a Corporate Innovation Outpost That Works

Corporate Innovation

For example, the Silicon Valley outposts of automakers like Mercedes and BMW and automotive parts suppliers like Delphi are focusing on technologies relating to self-driving cars. This is the fourth in a series about corporate innovation co-authored with Steve Blank. Steve and I are working on what we hope will become a book about the new model for corporate entrepreneurship. In what order?

Data 25

How to Set Up a Corporate Innovation Outpost That Works

Corporate Innovation

For example, the Silicon Valley outposts of automakers like Mercedes and BMW and automotive parts suppliers like Delphi are focusing on technologies relating to self-driving cars. This is the fourth in a series about corporate innovation co-authored with Steve Blank. Steve and I are working on what we hope will become a book about the new model for corporate entrepreneurship. In what order?

Data 25

Automakers Must Partner Around Big Data

Corporate Innovation

The exploitation of big data that is generated by vehicles, consumers and companies across the entire automotive value chain must become a key competence of all automakers. The future of the automotive industry and, by and large, of the entire transportation industry , continues to generate strong debate and differing visions. As the automotive industry opens up to accommodate more mobility services, walled gardens will fail in the same way they failed in the telco industry. Big Data Innovation automotive innovation Big data corporate innovationImplications.