The role of internet is increasing in our day to day lives. Now, there is a great number of devices that are connected to the internet. We can now use our mobile phones to perform almost anything. If I need a towing service, I can get my phone and look for the likes of Middle River Tow Truck. If we take a look at what has been happening in the past, we have a lot of connected home appliances, wearables, and audio-visual equipment. The most important thing is the strides the auto industry is making to ensure it’s not left behind on matters technology.
The auto industry continues to face a lot of dynamic set of challenges. For those who have the right ambitions, it presents an exciting time with lots of opportunities to differentiate those who stand out from the crowd and those that fall. Here are exciting ways the automobile industry is leveraging big data.
The auto industry is taking advantage of the manufacturing analytics value chain. This involves applying advanced analytics across the manufacturing value chain, and this helps in generating an exponential growth. Applying analytics in the right way requires knowledge way beyond statistics, information technology, and operations. The auto industry is employing analytics in many ways all geared towards optimizing manufacturing and getting every possible profit.
Marketing spend management
The auto industry is leveraging big data in configuring the optimal marketing mix for their different types of customers. The growth of information available concerning customers is increasingly allowing automakers as well as dealers to put a focus on a specific group of customers with their targeted messages. Automakers who are able to effectively manage their variable and fixed marketing spend stand to experience improved engagement and appeal on their offers. The amount of data automakers get can help them in coming up with data-driven decisions.
Customer behavior analytics
Customers now expect a consistent personalized experience across all the channels they visit. The internet and big data are revolutionizing the way in which customer research, purchase and management happens. Automakers now have to this by offering 24/7 connectivity and increasing the number of access channels their customers interact with them. There is a lot of data available to support automakers to understand their customers better as understanding customer behavior and patterns are key to their business survival. The auto industry is also using big data to establish the connection between the music people listen to when driving as compared to when at places such as restaurants and at homes.
Big data and connected cars
It is no longer a big deal to incorporate big data in the auto industry. Modern cars are now employing advanced technology that comes with several sensors, processors and onboard computing tools. Most of the information generated by these tools is now connected to the internet to ensure that it is up to date and shared in the right manner. The end game of the connection process is to enable automobile manufacturers to inform software remotely and allow them to check and react to the performance of the engine.