Automotive
The automotive industry is undergoing disruptive change: new technologies, alternative powertrains, new entrants with innovative and data-driven business models, the transformation of mobility, and changing customer behavior are impacting the OEM value chain. To meet these challenges, automotive OEMs and suppliers need to streamline and increase the efficiency of their processes, develop new businesses, and form strategic partnerships with companies in other industries.
Wavestone supports companies in the automotive sector with specialized automotive consulting, helping them meet the challenges along the automotive value chain and advising them on how to embed new, sustainable mobility concepts into their business models – from the idea to the implementation.
Our Automotive Consulting Services
The transformation of the automotive ecosystem is well underway and far from complete. Increasing connectivity and digitalization are creating space for new business models and digital players. And the way we think about mobility itself is changing, reaching new levels that now go beyond individual products. At the center of these developments are customers with their demands for flexibility, customization and comprehensive solutions. The automotive industry must meet these challenges in order to unlock the potential of these new sales opportunities and business models.
- On Demand Car Functions
- New Mobility
- Data Products
- Digitization Strategies
- Innovation Processes and Lean Start-up
To survive and thrive in the world of VUCA (Volatility, Uncertainty, Complexity, Ambiguity), it will be necessary to adapt work methods, processes, and mindsets. The motto: Respond to change according to a plan (Agile Manifesto). Agile working methods, which are customer-centric, transparent and flexible, are just one area that requires strategies for sustainable change. Companies and organizations are verticalizing and restructuring to better leverage and distribute employee potential and responsibility. However, as in the case of digitalization, the biggest challenges are not in the technology and the quality of the concept. Rather, the greatest challenge lies with the people who will be affected by the change.
- Change Management
- Agile and Leadership
- Customer Centricity
- Certification and Compliance
- Road-mapping
Modern companies are no longer conceivable without future-ready IT solutions. On the one hand, this is because the challenges in the automotive sector are also becoming more and more complex. Accordingly, innovative IT solutions are needed that will guarantee transparency, process security, system consistency, and positive user experience. On the other hand, modern IT systems can leverage the potential from the Internet of Things, automation, data analytics, and artificial intelligence to increase efficiency and secure competitive advantages. We support our clients in all phases, from strategy consulting and IT concept development to the selection of the right tools and IT security and successful implementation.
- Connected Car/IoT
- Embedded Systems/Car IT
- Data Analytics and Artificial Intelligence
- IT Security
- Cloud Technologies
- SAP (eg. S/4HANA)
- Strategic IT Management
- Future Workplace
The car of the future will be connected. Along with all the positive aspects, the increasing digitalization of the vehicle also brings new risks: Potential cyber-attacks on vehicles, infrastructure, production and organization pose major challenges for OEMs and suppliers. The World Forum for Harmonization of Vehicle Regulations (UNECE WP.29) is responding with a set of regulations that make cybersecurity mandatory for the approval of new vehicle types. These new approval requirements go far beyond securing the individual vehicle and impact the entire OEM organization.
Get compliant with the UNECE WP.29 regulations:
- Cyber Security Management System – CSMS (UN Regulation 155)
- Software Update Management System – SUMS (UN Regulation 156)
- Automated Lane Keeping System – ALKS (UN Regulation 157)
- VDA/TISAX & ISO 27000 series, ISO/SAE 21434 and ISO 24089 norms
Our Partnerships for the Automotive Industry
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SAP
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Microsoft
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