Automotive: Focus On New Products: A Competitive Necessity
Automotive manufacturers are using information technology to help streamline business processes, and create new products and services for customers. IT spending as a percentage of revenue in the automotive sector grew slightly from 1.8% in 2005 to 2.0% in 2006. Business innovation such as globalization and technology initiatives including wireless e-mail and business intelligence tools are widely deployed and are helping these companies stay competitive. The charts below outline the business, technology, and budgeting strategies of the automotive companies selected in the InformationWeek 500.
of Industry's Annual Revenue Devoted to IT
of IT Budget Devoted to New Projects
of Companies Expecting 2006 IT Spending to Exceed 2005
Creating New Products/Services for Customers in 2006
with Global Supply Chain
Deploying Business Intelligence Tools to Raise Productivity
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.