INVESTMENT PORTAL
OF RUSSIAN REGIONS
0%
LOADING DATA
Accelerating the car data monetisation

Research

OPEN PDF

Accelerating the car data monetisation

Release date: 26 March 2018

Topics:

Digitalization

Labour productivity gains

Consumer Sentiment

Automotive industry

Car connectivity over the past few years has evolved from theoretical concept to reality. As a value pool, connectivity may reach $450 billion to $750 billion worldwide by 2030. But doing so will depend on the ability of market players to use the data generated by cars, drivers, and mobility systems to develop products that create revenue, reduce costs, and enhance safety and security.

While the potential is significant, monetising this car data at scale remains a major challenge. To take stock of complex developments in this arena, McKinsey conducted a year-long research effort that involved both end users and industry insiders from around the world.

The research highlighted how industry executive identify specific challenges that cause the "car data monetisation gap"—the space between car data value potential identification and revenue or savings actually generated from it or losses eliminated.


No matter which features car data can make possible, capturing value from them is not feasible if consumers do not see the benefit. Of the executives surveyed, 77 percent agreed that managing a diverse set and vast amount of data will require companies to take a different organisational approach.

All car market players target value creation through car data monetisation, but the exact path and measures they take depend on where they sit in the value chain. These could be suppliers, technology designers, dealers, service providers. After assessing their starting points, companies may take appropriate actions on the highway to data monetisation.


All analytics

Analytics on the topic

All analytical materials
COVID-19 Consumer Sentiment Snapshot #3: Turning the Tide

28 April 2020

COVID-19 Consumer Sentiment Snapshot #3: Turning the Tide

Snapshot highlights information drawn from a BCG consumer survey that we execute at one- to two-week intervals with our coding and sampling partner, Dynata. Our goal is to provide our clients and businesses around the world...
READ
Russians Tired of Pandemic, but Continue to Follow All Precautions

6 November 2020

Russians Tired of Pandemic, but Continue to Follow All Precautions

Romir Research Holding conducted a public opinion survey on the COVID-19 spread.
READ
Icebreakers will run through the arctic like trams. Seven questions about the northern sea route

29 August 2019

Icebreakers will run through the arctic like trams. Seven questions about the northern sea route

For some the northern sea route simply means a line on the map. For others it is reminiscent of the romantic expeditions of Semyon Dezhnev, Alexander Kolchak or Otto Schmidt. Some will recall the two captains, a movie...
READ
4Q 2018. Key Trends: Cryptocurrencies and ICO

4 March 2019

4Q 2018. Key Trends: Cryptocurrencies and ICO

This publication by Bloomchain reveals main trends in the Russian cryptocurrency market in 2018, as well as its key indicators related to capitalization of cryptocurrencies and investments attracted through ICO.
READ