The technology world is seeing an evolving relationship between the IT solution providers and automobile manufacturers. Data is taking the centre stage for the entire manufacturing cycle. The reduced cost of data collection and analysis is boosting new ways of business optimization.
According to industry reports, connected car market is expected to touch around 200 billion USD by the end of the year 2025.
“AI-supported autonomous driving (level 5), connected vehicles using 5G and 802.11 protocol, mesh networking and OTA (over-the-air) updates bring about ground-breaking changes in the auto industry. Apart from this, voice assistants, Mobility-As-A-Service (MaaS), Predictive Maintenance and digital sources in the car buying process are some of the other technological advancements to watch out for”, said Milan Kumar, Global CIO CDO, WABCO.
Switzerland- based Milan Kumar is proficient in leading digital transformation in automobile business. He has closely observed and been an integral part of various disruptions happening in digital transformation in Europe and other countries. Today with every sector investing heavily in technology and with CIOs having a seat at the table, global automobile players are rapidly enabling the vision of connected vehicles to become a reality.Prior to WABCO, in automobile Kumar held both a Senior Management and Board Member role in VOLKSWAGEN ITS within the VOLKSWAGEN Group supporting Brands like Porsche, Audi, Scania, MAN etc. He also have supported General Motors and BMW groups in the past and has undergone “Digital Innovation” programmer from Harvard.
“Auto industry is taking huge strides too as much as other industries. Apart from this, fresh customer preferences about mobility and car ownership is driving changes in business model. To achieve these, cutting edge technologies like Artificial Intelligence (AI) and Machine Learning (ML) will play an important role and take the industry to the next level. Automobiles are now starting to accept IoT gadgets which allow drivers to send voice commands through their smartphones. Autonomous vehicles would be able to communicate with each other with technologies like V2V communication ensuring more safety for passengers” Kumar added.
ETCIO in an interview with Milan Kumar, Global CIO CDO, WABCO enlightens technologies which will bring about a long-lasting revolution in the automotive sector.
Auto companies are leveraging the industry 4.0
Industry 4.0 offers suppliers and OEMs the agility to align their manufacturing specifications with fluctuating regulations and standards. Apart from this, auto manufacturers will be enabled to customize their vehicles and reduce delivery times for the vehicles. For an auto manufacturing facility with geographically dispersed but connected manufacturing units, operations can be adjusted to suit demand and supply.
“IoT revolution is going to be spearheaded by industry 4.0. Most vehicles today are installed with telematics control units (TCU) which will be powered by IoT. This TCUs will be responsible for collecting data, connect to the cloud and store the data in it. It will also be connected to different networks with which it would share critical data related to problem diagnosis and safety. OTA (over-the-air) updates will enable vehicle monitoring, finding maintenance issues and firmware upgrades using IoT. Connected vehicles will also be able to communicate with each other ensuring road safety by eliminating accidents”, Kumar said.
Achieving the wave of digital transformation
Achieving digital transformation through projects requires a change of attitude from the Business and IT.
Kumar shares a few ways to achieve this:
Technology needs to be seen as a tool to devise solutions for business impediments. A cross-functional relationship needs to be established between IT experts and SMEs to collaborate better. All departments should be encouraged to look up to technology as a one-stop solution provider.
Identification of enthusiastic, eager individuals is necessary to build or develop applications. Such individuals should be encouraged with the right backing to jump on the technology bandwagon.
The next avenue for seeking solutions in coming decade is going to be the tech platforms. Investment in the appropriate platforms is a must for digital transformation to be a reality. Organizations should ensure that they have the best technology for different functionalities.
Challenging concept investment in Autonomous driving
Autonomous driving is revolutionizing the automobile sector. Industry is almost on the verge of moving from the current scale of 3 to 5 (fully autonomous) in the near few years. For Level 5 autonomy in cars, there are certain technological challenges that need to be addressed.
– Firstly, no sensor is accurate; level 5 cars will need a fair amount of sensors to gather data around them. Environmental conditions can affect the productivity and accuracy of sensors. At this point in time, humans need to take the wheel again.
– Secondly, these cars need perceptive intelligence. Training an AI system to interpret a human in the way of the vehicle is complicated as compared to interpreting road signs.
The AI system will have to be trained continuously in a real-world scenario to achieve the required accuracy which is expensive.
– Thirdly, decision making is a key element in autonomous vehicles which has to be validated for safety after perceiving surroundings. Such surroundings comprise weather, traffic and pedestrian conditions which have a strong impact on the decision making of the vehicle. To ensure the safety of such decisions, it is imperative to design/redesign, test/retest billions of real life driving scenarios which is impossible.
Talking about his latest book on Industry 4.0- “CIO Series- Smart Factory”
Here are few key findings from the book:
Nowadays, the manufacturing industry is witnessing increased momentum around Industry 4.0. The trend has taken the entire manufacturing industry by storm, let alone the developed countries. Most of the global leaders are putting in a big effort to align their production systems with this concept.
This is the first book of CIO Series on the “Smart Factory” concept which is rapidly making strides in the manufacturing world. Researchers say that some countries are already reaping the benefits of implementing this. Unlike a few other books which focus on European or American manufacturing industry perspective, this book emphasizes more on the Asian and Indian perspective of implementing the smart factory concept.
Apart from this, chapters in smart factory also aim at giving valuable consultation to the C-suite members of manufacturing organizations about their involvements and contributions to their respective organizations and industry as a whole.
“Writing a technical book is definitely challenging. The ideas proposed by me must leave a profound impression about the concepts of Industry 4.0 on the readers mind. It took me around a year to research on the topics to be included in my book, write the manuscript and have it published. It gives me profound joy to mention my father, Ashok Kumar, who has been a strong pillar of support in my writing endeavors. He brought in around 35+ years of his industry experience in Supply Chain Management to the writing of this book. Without him, this book would have just been a distant dream for me” Kumar added.
After reading the book, readers will be able to imbibe the concepts of industry 4.0/smart factory clearly and recognize the difference between conventional manufacturing and the smart factory-oriented manufacturing approach. This is very unique book focusing on how CIO’s can leverage Smart Factory in respective industry. The benefits accruing from this powerful concept, the technologies influencing the working and market readiness would be explored in detail by way of this book. This handbook will discuss the tailored strategies, plans, requirements, benefits and groundwork necessary for implementing this concept in the manufacturing sector. It will also analyse and assess market readiness and existing business vis-à-vis related technologies.
Article source: https://cio.economictimes.indiatimes.com/news/strategy-and-management/fostering-the-digital-roots-of-european-automobile-revolution-milan-kumar-global-cio-wabco/70270529?utm_source=RSS&utm_medium=ETRSS