Automotive industry is facing many challenges today like improving product quality, efficiency, reducing failures or faults, improving customer experience, competition, volatility, and market shifts. To face these challenges one of the most important tool is to look into the past and present data and make decisions based on logical and statistical analysis in each domain of business.
Automotive manufacturer's, dealers and insurance companies are all using analytics as an important tool for making any business decisions. Based on customers driving demands and needs manufacturer's are coming up with mobility, ride sharing programs and likewise designing products which suit the interests of major customer sector which would eventually profit the industry and the customer. Insurance companies are likewise using this customer data to see the drive behavior of individuals and regulate the prices accordingly. Hence data analytics is becoming a major tool in the mobility world to make future decisions.
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