Four key challenges to digitization
Transformation of the Core Business. Digitization shatters every business model at its core. Manufacturers become service providers. Customers become users. And products are absorbed into ecosystems. An OEM does not just produce cars anymore. He distributes navigation, entertainment and security services. The product “car” is networked with other road users, the infrastructure and the environment. In the near future, the customer may purchase a mobility service rather than a physical product.