Automakers might face several challenges in shifting to a digital focus. Firstly, they would need to invest heavily in technology and infrastructure to support digital features and services. This includes software development, data management, and cybersecurity measures. Secondly, they would need to navigate regulatory and compliance issues related to data privacy and safety. Thirdly, they would need to convince consumers to pay for these new digital services, which could be difficult if consumers do not see the value in them or are not willing to pay extra for them. Lastly, automakers would need to train their workforce to manage and maintain these new digital systems.
How can you keep up with the time so your business stays relevant in an increasingly digitized world...
Download template