IMPORTANCE OF DATA IN THE AUTOMOTIVE INDUSTRY
Auto Tech Review|June 2020
Clichéd as it may sound, data is the new oil and new currency, since the variety of information gained can be utilised in improving various aspects of the automotive sector, and driving mobility experience to new heights.
Naveen Arul
IMPORTANCE OF DATA IN THE AUTOMOTIVE INDUSTRY

PRODUCT DEVELOPMENT STAGE

Terms like Big Data and Data Analytics are commonplace during present times when a large amount of information can be collected, examined, reviewed and processed for enhanced results. When a product is under development, various teams work on its different aspects. The data generated from the design or engineering team could potentially be of high value for decisions being made by the other during the product development phase. The exchange of such information during early stages of development could enable the identification of flaws and errors, thereby enabling them to take corrective actions. The earlier an error is detected, the quicker product development takes place along with lower cost incurred.

Data is not only helpful during the product development stage, but also provides the manufacturing section with much-needed details on the optimum requirements for lean and efficient production. Data regarding the design of the component or product being manufactured along with the structural and physical requirements can provide intricate details about the tools or dyes to be used, as well as the manufacturing process to be adopted during production. Data that helps improve production efficiency is becoming more and more substantial in manufacturing as a whole, especially in automotive, due to the highly cost-conscious nature of these businesses.

VEHICLE ON THE ROAD

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