Disruption Abounds in Automotive

Sopheon

The automotive industry is facing radical disruption. The post Disruption Abounds in Automotive appeared first on Sopheon. Blog Infographics Innovation automotive industry automotive innovationHow manufacturers and suppliers respond to this change will determine the leaders and the losers.

The Future of Automotive Industry

Rmukesh Gupta

There is a lot going on in the automotive industry, specifically the car segment. There are multiple disruptive forces that are in play in the industry, which are building on top of one another and creating a growing cyclone that is going to hit the shores of this industry sometime soon.

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. Figure 1 shows the top 20 R&D spenders in 2014, based on data compiled by PwC, where we see (in red) that six of the top 20 companies are incumbent automotive OEMs.

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. Figure 1 shows the top 20 R&D spenders in 2014, based on data compiled by PwC, where we see (in red) that six of the top 20 companies are incumbent automotive OEMs.

Spigit's 2018 State of Crowdsourced Innovation Report

to automotive. very likely impacted by disruption, whether it’s from new technologies, customer experiences, or even new. This disruption is creating a sense of urgency. Thrive in disruptive environment Exceed customer. THE 2018 STATE OF. CROWDSOURCED. INNOVATION.

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.

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.

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

Corporate Innovation

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. Big Data Innovation automotive innovation Big data corporate innovation

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. Or might the Valley just have a drastically different idea of the future of the automotive industry? Key Challenge: Self-Disruption.

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

Corporate Innovation

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. Big Data Innovation automotive innovation Big data corporate innovation

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. Or might the Valley just have a drastically different idea of the future of the automotive industry? Key Challenge: Self-Disruption.

How to turn a Multinational Automotive-Finance Company into an Innovation Powerhouse

Qmarkets

With over 3,100 employees across 36 companies, RCI Bank and Services is a multinational finance company which is focused on delivering innovative services to customers of the Renault and Nissan automotive groups.

How to turn a Multinational Automotive-Finance Company into an Innovation Powerhouse

Qmarkets

With over 3,100 employees across 36 companies, RCI Bank and Services is a multinational finance company which is focused on delivering innovative services to customers of the Renault and Nissan automotive groups.

Business model innovation: a core capability for disrupting your industry

hackerearth

Whether you want to steer breakout growth, revive a trailing core business, tackle industry disruptions, or protect your company against industry decline, business model innovation is the key. According to McKinsey, disrupting beliefs is the latest approach to business model innovation.

Be Anticipatory and Go in the Opposite Direction!

Daniel Burrus

Tesla has been revolutionizing the automotive industry since 2003 by heading in the opposite direction from all the other car manufacturers. Tesla’s use of its batteries in a non-automotive setting isn’t just a way to put batteries to new use. Everyone knows what a battery does.

The Digital Tsunami

InnovationManagement

Column & Opinion 4G 5G AI automation automotive industry big data china connected car cyber-security cyber-war digital era digital platform disruptive technology driverless cars europe finance fintech global market globalization healthcare IoT IT mobile open source Platform Disruption privacy smartphone social media switzerland technology transformation

Next-Generation Mobility Stratifies OEMs

Corporate Innovation

Next-generation mobility will not only impact the automotive OEMs, but also the companies that today provide the first generation of mobility services, such as Uber, Lyft, and Mobike. Based on such decisions, automotive OEMs are stratified.

Business model innovation: a core capability for disrupting your industry

hackerearth

Whether you want to steer breakout growth, revive a trailing core business, tackle industry disruptions, or protect your company against industry decline, business model innovation is the key. According to McKinsey, disrupting beliefs is the latest approach to business model innovation.

A new value chain for next-generation mobility

Corporate Innovation

ACE vehicles and on-demand mobility will cause three major shifts that can lead to the disruption of the automotive and transportation industries: a consumer shift, an automotive industry shift, and a mobility services shift. Without making this shift, automakers run the risk of being disrupted. This may be an existing automaker or one of the new outsourced automotive manufacturers (e.g., This post first appeared on 4/27/17 in O’Reilly’s site.

Exploring Adjacency in Innovation & Technology Scouting

Yet2

Adjacency in the Automotive Industry. For example, look at the automotive industry. automakers didn’t explore adjacent regions and industries, they’d be limiting themselves to sourcing technology and innovation to (mostly) companies in and around Detroit and those in the automotive supply chain. But who would have thought that a wearable device made sense for an automotive company? Insight automotive industry Innovation tech scouting Technology Scouting

Analysis Of The Next-Generation Mobility Value Chain

Corporate Innovation

Whereas the automotive OEM dominates the first value chain, the Fleet Operating Company (FOC) will dominate the new value chain. While the new value chain is not expected to supplant either of the other two for the foreseeable future, it will definitely disrupt and alter them in major ways.

Find your worst nightmare… and make it come true!

IdeaScale

The next wave of disruption. Uber disrupted the world taxi market in a couple of years and even the courts are having trouble slowing their growth. But in either case the process of disruption is the same. Even after they’ve already disrupted an existing industry.

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. By partnering with them, automakers will be able to better understand their customers in far greater detail than they do today, as well as mobility services, which threaten to disrupt them. Big Data Innovation automotive innovation Big data corporate innovation

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. By partnering with them, automakers will be able to better understand their customers in far greater detail than they do today, as well as mobility services, which threaten to disrupt them. Big Data Innovation automotive innovation Big data corporate innovation

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. By partnering with them, automakers will be able to better understand their customers in far greater detail than they do today, as well as mobility services, which threaten to disrupt them. Big Data Innovation automotive innovation Big data corporate innovation

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. Platform business models tend to affect, oftentimes disrupt, multiple industries over time.

Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

Company builders that operate decentralized isolated to explore and develop disruptive innovations that are beyond the core business have been a rarity so far. Trend 2: Duality of the Digital Innovation Unit Scene: Incremental vs. Radical / Disruptive.

Future Squared Episode #137: Our Driverless Future with Evangelos Simoudis | Collective Campus

Collective Campus

In this podcast, we welcome back Evangelos Simoudis, a recognized big data expert and corporation innovation, to cover topics such as drivers of automotive disruption, the impact of urbanisation on vehicle ownership and use, implications for auto insurers, and other similar subjects

Peer Group “Scaling-Up”: Initial Survey Results

Integrative Innovation

Automotive / Mechatronics. These indicate that getting the soft factors right can be regarded as more fundamental to success in driving radical or disruptive innovations in corporate settings than the hard factors. This article was co-written with Frank Mattes.

Scaling-Up: Crossing the Internal Chasm in Corporate Innovation

Integrative Innovation

The race is on for companies to find big, explorative or even “disruptive” innovation ideas. Disrupt yourself or someone else will’, it has been said. Hackathons’ or comparable formats are used to bring together external ideators with internal experts for drumming out disruptive ideas.

The Most Critical Horizon to the Success of Corporate Innovation Initiatives

Corporate Innovation

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.

The Most Critical Horizon to the Success of Corporate Innovation Initiatives

Corporate Innovation

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.

When past experience doesn't matter anymore

RTI Innovation Advisors

For example, he talked about the fact that most industries don't understand the power of transformation, or where new disrupters will come from. 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.

Tesla Is Redefining the Customer Experience

Daniel Burrus

Tesla, like Amazon, is what I call an Anticipatory Organization, one that identifies the Hard Trends that will happen and then uses that knowledge to turn disruption and change into its biggest advantage. As our world continues to evolve, why would the automotive industry remain the same?

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

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the pervasion of new technologies, lead to decreasing life times of existing business models. Platform business models tend to affect – oftentimes disrupt – multiple industries over time.

B2B 77

SCALING UP in Corporate Settings: First Achievements and Outlook

Integrative Innovation

In response to our call, we have been talking to several practitioners working for corporates in different industries, such as health care technology, consumer electronics, telecommunications, automotive, energy/utilities, engineering and electronics.

When the business models shift, innovators rejoice

RTI Innovation Advisors

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. GM, say hello to Blockbuster, another "giant" disrupted by the internet.

Why Open Organisations will Win

100%Open

Disruption. This is important because the old order of business is rapidly becoming disrupted. In an age where a seven year-old cab company (Uber) has a greater market capitalisation than automotive giants Ford and GM, organisations need to change before they become disrupted from outside. This sourced 100 new cost-saving ideas without the cultural disruption and suspicion that change programmes often create. Openness. People respond well to openness.

Ring Fencing Constrains Innovation

Paul Hobcraft

It is the (inevitable) march of progress, good or bad it happens, at speed, in disruptive force, and in gut-wrenching ways. Amazon has disrupted books, supply chains,……….and It is the very act of ‘ring-fencing’ we have constrained innovation.

Forget products, innovate your business model

RTI Innovation Advisors

Zara, H&M and others are disrupting the fashion industry through a focus on speed. 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?

What autonomous cars tell us about the future of innovation

RTI Innovation Advisors

And this is a dilemma that innovators always face - they must work within the existing infrastructure and compatibility or disrupt it. And if they disrupt it they better have a fully operational highly capable alternative ready to go for the masses. The more disruptive the innovation, the more it will upend existing infrastructure and that will cause significant grief to a large portion of the population. May you live in interesting times.

Is this really breaking the traditional model on Innovation?

Paul Hobcraft

Also they will be offering a global curated ecosystem of innovation partners and a framework of tried and tested tools to help enterprises to exploit these market disruptions in a structured way.