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Connectivity and Digitalization will Disrupt the Automotive Business Model by 2025

HERE Mapping Resources automotive business modelThe automotive industry has seen a lot of changes since the introduction of the internet. For example, used car sales are easier to conduct when you can advertise to a larger population over the internet. But that same connectivity that the internet provides is going to change much more.

Consumers in the automotive industry are increasingly seeking more futuristic versions of cars. And the next evolution we expect to see in vehicles is not just the electric car. What we hope to see are cars that start connecting with the world around them.

Technology helps us accomplish this goal. In the near future, digitizing your car and connecting it with the world will disrupt the automotive industry.

Only those who are willing to think forward will survive past 2025. It will take time for these services to start changing. It won’t happen immediately.

Experts have said that only one out of every three organizations are going to be equipped to meet the changes that are going to be set forth by industry leaders and then demanded by consumers. That means you need to work with other industries to start facing the changes. Three-quarters of industry executives back this statement.

One of the major components needed by the automotive industry is maps and mapping services. Cars will be driving by themselves, showing you where other vehicles are and continuing to deliver top-tier directions.

There are many services that you can choose from but HERE is one of the top in the industry. If your car company is going to succeed you need to embrace vendors such as Here Mapping Resources. Take a look at the company website and see what Here Mapping Resources can start doing for your company.

All of the changes in the automotive industry are similar to that of other sectors in the last few years. Take a look at the phone industry. Before the release of the first truly consumer-friendly smartphones, the landline business was booming. Only those companies that were willing to embrace the change were ready to move forward into the future where they offer cellular devices. Then those devices moved toward smartphones.

The world is continuously changing, and consumers are demanding innovation every day. How is your company going to drive innovation so that it doesn’t fall behind?