Future Automotive Industry

As cars become smarter and more automated, a lot of innovative technologies will be needed to make them even more useful to drivers. Manufacturing cars of the future – be they autonomous, connected, electric, or a mix of all three – will be fueled by cutting-edge technology. Companies that can deploy this technology successfully will emerge as the winners in this highly competitive industry.

Success in automotive manufacturing will require modernizing business processes, modern manufacturing methods as well as using human force wisely. Here are some of the technologies that will potentially drive the automotive industry in the coming future:

1. Internet of Things (IoT)

There is a tremendous amount of data that can now be captured, digested, analyzed and acted upon. Using IoT and sensor technology, data can be gathered on things like steering, braking and how effectively a car navigates the road then inserted into the testing cycle to improve driving experience. IoT data is also providing fuel for many other business opportunities such as predictive maintenance, connected car functionality, and data monetization

2. In-Car Apps

The latest car models are flooded with softwares – some having more lines of code than a modern-day jet fighter. Data gathered through IoT and other means can be leveraged to provide drivers with value-added services via in-car apps. For example, real-time driving data can be used to provide information for navigation apps that alert drivers to road conditions, traffic hazards and items of interest nearby.

3. AI and Analytics

A recurring theme in the future of automotive manufacturing is harnessing the huge amount of data being generated. Companies will need to deploy the right industry-based analytics and AI platforms to put all that data to good use. For cars to become fully automated there is a strong need to employ AI, analytics, data management and digital workflows to speed up testing and simulation, and the product development life cycle.

4. Digital Factory

A digital factory can be integral for producing cars in a fast, standardized and error-free manner across multiple locations throughout the globe. It uses technologies such as modeling, automation and digitization to provide the foundation for flexible and fast manufacturing processes. In addition to standardizing the use of automation and robotics in manufacturing, the use of a digital factory can produce business benefits in areas such as supply chain logistics, quality control and maintenance.

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