Powering Technology-Driven, Competitive-Driven, and Consumer-Driven Automotive Innovation

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Powering Technology-, Competitive-, & Consumer- Driven Automotive Innovation Bao Bui Senior Applications Specialist

description

In the global automotive industry, challenges, opportunities and risks are everywhere - Business models and consumer requirements are ever-changing, government regulations drive design, emerging markets continue to push demand and competitiveness to new limits, and supply chains are increasingly volatile. To compete in one of the most competitive and dynamic markets there is, automotive companies and suppliers must connect product development teams to one another, and to the intelligence they need in order to make informed, optimal decisions, enabling them to: -Identify new markets and partners - Gain a rapid understanding of the competitive landscape -Identify technology trends, including potential next-generation products, as well as the key players involved in their development -Glean insights from Big Data and consumer sentiment expressed in social media -Develop new concepts for product developments During this special automotive webinar on “Powering Technology-Driven, Competitive-Driven, and User-Driven Automotive Innovation” we will take a look at how the above is made easy with Goldfire, The Optimal Decision Engine.

Transcript of Powering Technology-Driven, Competitive-Driven, and Consumer-Driven Automotive Innovation

Page 1: Powering Technology-Driven, Competitive-Driven, and Consumer-Driven Automotive Innovation

Powering Technology-,

Competitive-, & Consumer-

Driven Automotive Innovation

Bao Bui

Senior Applications Specialist

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2

Innovation

Opportunity

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CONSIDER THIS >>

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The annual growth for the auto industry is

expected to hit 6% through 2017*

* Oliver Wyman Automotive Practice

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The automotive industry wastes $9.7B,

annually, of R&D dollars working on

previously patented solutions.

- IRN Services

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40% of all automotive R&D spending is on

products that do not yield a sufficient

return. - Oliver Wyman Automotive Practice

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40%

60%

Sales

Suppliers will be responsible for nearly 60%

of the industry's R&D work by the end of

the decade, compared with approximately

40% today.*

60%

40% SupplierSpend

ManufacturerSpend

Today 2020

* Oliver Wyman Automotive Practice

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Auto innovation today requires on-demand connectivity to:

Technology trends

Competitive trends

Consumer trends

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CLICK HERE TO ACCESS THE

FULL PRESENTATION &

ON-DEMAND VIDEO REPLAY:

http://InventionMachine.com/AutoInno