The increasing digitization in the automotive industry could create several new revenue streams. One potential area is the development of in-car entertainment systems, as autonomous vehicles become more prevalent, the demand for in-car entertainment like movies, TV, and online shopping could grow significantly. Additionally, the data generated by connected cars could be monetized through targeted advertising or selling to third parties. Subscription services for software updates and premium digital features could also be a source of recurring revenue. Lastly, partnerships with other digital businesses such as ride-sharing or food delivery apps could open up new opportunities.
How can you keep up with the time so your business stays relevant in an increasingly digitized world...
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