Getting car buyers ready for the digital era

With digitalization on the rise, it’s pretty clear how new technologies will improve the way we manufacture the “things” in the developing Internet of Things (IoT). But how connected devices will be used and what consumers actually want from the products they buy is another matter.

Car buyers are intrigued by the notion of driverless cars, but many still have reservations

Consumers are generally excited about new things and tend to want them right away. They also want technology-enabled devices – and cars fall into this category – to be affordable and easy-to-use. But it is unclear which features exactly they are willing to pay for.

The German Association for the Digital Economy (BVDW), in a recent study, found that half of all Germans see digitalization as positive, especially in the area of access to knowledge and educational opportunities.

But while 39% and 38%, respectively, welcome the time savings and enhanced communications capabilities provided by digitalization, a similar percentage are worried about privacy and 23% don’t like the notion that they are becoming dependent on devices.

The study, which interviewed 1,002 Germans, underlines the ambivalent attitudes people have toward new technologies.

Read the whole story at: https://tinyurl.com/w7fhzgd

Outlook 2020: The state of the auto industry

As 2019 draws to a close, the global auto industry may be nearing the end of business as we know it. Tomorrow’s cars will be radically different, the way we build and sell them is being transformed and the auto manufacturers, traditionally the main actors offering personal mobility to the people, are redefining their roles – and their business models.

Traditional automotive companies are transforming themselves to remain competitive in a marketplace that will see new players bringing new ideas to a more than 100-year-old industry. The year 2020 will not yield conclusive evidence whether they will be successful. But one thing is sure: It won’t ever again be business as usual.

Read the whole story at: https://bongardauto.wordpress.com