Connected, driverless vehicles are set to overhaul not just the automotive industry, but software, finance and telecommunications too.
Technologies such as machine-to-machine communication and autonomous vehicles are set to revolutionise the automotive sector. But KPMG’s Alec McCullie, a car-tech veteran, says there needs to be a huge change in mindsets to bring them to market.
That same shift in attitudes will have profound knock-on effects throughout the auto industry – and across a range of other sectors, too.
Software is now a defining element to the car experience. Cars and other purchases will be upgraded remotely “over the air” via wireless connections. That poses huge questions for a range of industries as they take on the risks and rewards of new technology.
McCullie sees four segments emerging as critical forces in transportation:
Any company using logistics such as: utility providers catering for electric vehicle recharging; telecoms businesses providing crucial telematics and vehicle-to-x comms; even real estate investors considering parking and refuelling issues, will all need to consider a vast range of knock-on implications.