By Prakash Channagiri & Badih NahasNew Delhi: Do you agree that buying a car is still one of the biggest and most emotional purchases we make? So it is hard to believe that soon the data generated from the car will be worth more than the value of the vehicle itself.According to McKinsey & Company, shared mobility (ride sharing and e-hailing) and data-driven services (smart sensors, telematics in car entertainment and personal assistants) could expand automotive revenue pools by 30 per cent, adding up to $1.5 trillion by 2030.As connected cars today and self-driving vehicles in the future become the standard, they are revolutionizing the overall driving experience and the way automotive manufacturers do business. In the face of cut-throat competition and harsh budget pressures, both traditional and non-traditional players are trying to capture a piece of the pie. But how?Some players have tried to build and manage their own IT infrastructure. Perhaps a better way would be to … [Read more...] about Opinion: Switch to cloud to drive your automotive biz into the future
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Unprecedented times such as lockdown require unprecedented measures and that is what Karnataka Police did by rolling out a new e-pass system on the go when it was much needed. In an interview with ETGovernment's Manish Arora, Vijay Arisetty, co-founder & CEO, MyGate whose company helped the state government in rolling out e-pass system shares his views about the platform and its benefits.He said: "The experience of working with Karnataka Police was phenomenal. Their quick decision making and a strong understanding of what they wanted from the technology were crucial for us being able to build the application in just four days. The officers were also extremely collaborative with our teams to resolve customer queries."Tell us about the KSP CLEAR Pass system. What is so unique about it?We excelled in building access and security management solutions. The underlying KSP CLEAR Pass system is based on this technology, and is, therefore, all world-class, with a light-weight, low-latency, … [Read more...] about KSP CLEAR Pass System built in 4 days is a testimony to effective public service delivery: MyGate CEO Vijay Arisetty
Governments are united to ensure that adequate financial resources are available to steer an inclusive, sustainable and resilient post-COVID recovery. In the Asia-Pacific region, several countries have already adopted financing plans in three key areas. They aim to address the challenge of diminished fiscal space and debt vulnerability; to ensure sustainable recovery, consistent with the ambitions of the Paris Agreement and the 2030 Agenda; and to harness the potential of regional cooperation in support of financing for development. … [Read more...] about Recovery plans should include green norms for infrastructure
Visteon Corporation has introduced an all-new digital cluster for the 2021 Ford F-150, the company said in a release on Thursday.The company said the 12.4-inch digital cluster refreshes the model's cockpit with a contemporary shape – integrating high-resolution graphics that deliver realistic drive modes for a wide range of roads, environments and weather conditions.The software of Visteon's complex automotive-grade system is powered by Rightware's Kanzi architecture. The Kanzi UI framework allows the collaboration between Ford and Visteon to deliver a complete user experience innovation platform that enables a truly advanced user interface.Incorporating a large information-on-demand panel, the solution includes truck-specific graphics and animations that respond to the F-150's selectable drive modes. It also displays off-roading data and turn-by-turn navigation. Sachin Lawande, president and CEO, Visteon, said, “This first fully digital cluster on the all-new F-150 … [Read more...] about Visteon provides advanced HMI for Ford F-150
Tata Motors approach to achieve a near net debt zero target by FY24, is primarily pivoted on revenue improvement, cost-cutting, and capex control plans laid out for four key businesses (including NBFC), said P B Balaji, CFO – Tata Motors at a recent meeting hosted with a group of investors. Balaji discussed the business-wise roadmap to attaining positive free cash flow . The target to be near net debt zero by FY24 is built on three key pillars--business level FCF generation, monetization of non-core assets, and top-up equity (if required). The capex plans laid out for FY21 (GBP2.5b for JLR and INR15b for the India business) would not see any material change in the foreseeable future, said the recent Motilal Oswal Institutional equities report.The guiding principle for capex moves from 'willingness to invest' to 'ability to invest', i.e., capex would be supported by operating performance and would not be invested independent of operating performance. As the monetization of … [Read more...] about Here is how Tata Motors paves the way out from debt?