article thumbnail

Navigating Technical Debt in the Automotive Industry

Planview

Amidst the relentless waves of innovation and competition, OEMs, suppliers, and manufacturers in the automotive industry navigate a sea of challenges and opportunities. These challenges underscore the complexities inherent in managing and evolving the technological framework of automotive software.

article thumbnail

Lateral Thinking in Business Strategy

Destination Innovation

Tesla’s Over-the-Air Software Updates : Tesla’s innovation was to remotely update and enhance the features of their electric vehicles through online software updates. It is a creative way to continually improve their product and customer experience, setting them apart in the automotive industry.

Strategy 169
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Digital Transformation Use Cases in the Automotive Industry

Acuvate

The automotive industry is on the brink of significant technological disruption. and the next-gen of mobility is the rapid emergence of artificial intelligence, intelligent automation, predictive analytics, and Big Data – delivering real-time insights to enable powerful innovation and transform the way automotive companies operate.

article thumbnail

Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

One of the best ways to assess what proportions your company should allocate to different types of innovation projects is by looking at your current and desired innovation portfolio. This is one of the fundamental strategic questions which every business leader needs to consider. The 70-20-10 ratio was always an average though.

Project 284
article thumbnail

A New Way of Thinking About the Automotive Industry

Qmarkets

Recent trends suggest that the automotive industry might be next on Silicon Valley's disruption list. Besides a surge of auto tech startups and Tesla's success, Silicon Valley's new affair with the automotive industry is heightened by chatter about a secret car project by the most prominent disruptor of them all: Apple.

article thumbnail

The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

Companies in the automotive value chain are faced with a challenging future. In this blog I explore what the automotive industry has been doing to address the potential disruption, analyze the effects of these initial steps, and provide recommendations on what corporations could be doing better. Volkswagen. Toyota Motors.

article thumbnail

The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

Companies in the automotive value chain are faced with a challenging future. In this blog I explore what the automotive industry has been doing to address the potential disruption, analyze the effects of these initial steps, and provide recommendations on what corporations could be doing better. Volkswagen. Toyota Motors.