Automotive and Industry2024-06-27T14:26:33+02:00

WAVESTONE for the Automotive Industry

WAVESTONE for the Automotive Industry

The automotive industry is undergoing a disruptive change: new technologies, alternative drives, new market participants with innovative and data-driven business models, the mobility transition, and changing customer behavior are having an impact on the OEMs’ value chain. In order to meet these challenges, automotive manufacturers and suppliers have to streamline and make their processes more efficient, open up new business areas and enter into strategic partnerships with companies from other industries.

WAVESTONE supports companies from the automotive sector in meeting the challenges along the automotive value chain and advises them on how to embed new, sustainable mobility concepts in their business models – from the idea to the implementation.

Our Services for the Automotive Industry

Transformation in the automotive ecosystem is fully underway and still far from being complete. The rising levels of networking and digitalization are creating space for new business models and digital players. And the way we think about mobility itself is changing, reaching new levels that now transcend individual products. At the center of these developments stand the customers, with their demands for flexibility, individualization, and comprehensive solutions. The automotive industry will have to face these challenges in order to access the potential to be found in these new sales opportunities and business models.

  • On Demand Car Functions
  • New Mobility
  • Data Products
  • Digitization Strategies
  • Innovation Processes and Lean Start-up

To survive and thrive in the world of VUCA (volatility, uncertainty, complexity, ambiquity), it will be necessary to adapt work methods, processes, and mindsets. The motto: Responding to change over following a plan (Agile Manifesto). Agile work methods, which represent customer centricity, transparency, and flexibility, are just one area that requires strategies for sustainable change. Businesses and organizations are rendering themselves vertical and restructuring in order to leverage and distribute employee potential and responsibility more effectively. However, as in the case with digitalization, the greatest challenges ultimately is not presented by technology and concept quality. Rather, the greatest challenges lies in the people who are going to be affected by the change.

  • Change Management
  • Agile and Leadership
  • Customer Centricity
  • Certification and Compliance
  • Roadmapping
Modern companies are no longer conceivable without future-ready IT solutions. On the one hand, this is because the challenges in the automotive sector are also becoming more and more complex. Accordingly, innovative IT solutions are needed that will guarantee transparency, process security, system consistency, and positive user experience. On the other hand, modern IT systems can leverage the potential from the Internet of Things, automation, data analytics, and artificial intelligence to increase efficiency and secure competitive advantages. We accompany our clients in all stages from strategy consulting, IT concept development, and selecting the right tools and IT security to successful implementation.
  • Connected Car/ IoT
  • Embedded Systems/ Car IT
  • Data Analytics and Artificial Intelligence
  • IT Security
  • Cloud Technologies
  • SAP (eg. S/4HANA)
  • Strategic IT Management
  • Future Workplace

The car of the future is connected. In addition to all the positive aspects, the increasing digitization of the vehicle also brings new risks: Potential cyber attacks on vehicles, infrastructure, production, and the organization pose major challenges for OEMs and suppliers. The World Forum for Harmonization of Vehicle Regulations (UNECE WP.29) is addressing these with a set of regulations that make cyber security mandatory for the approval of new vehicle types. These new approval regulations go far beyond securing the individual vehicle and impact the OEM’s entire organization.

Get compliant with the UNECE WP.29 regulations:

  • Cyber Security Management System – CSMS (UN Regulation 155)
  • Software Update Management System – SUMS (UN Regulation 156)
  • Automated Lane Keeping System – ALKS (UN Regulation 157)
  • VDA/TISAX & ISO 27000 series, ISO/SAE 21434 and ISO 24089 norms

Can we support you with the Challenges and Changes in the Automotive Industry?

With WAVESTONE, you have a strong partner at your side.
We look forward to your challenge!

News in the Automotive Industry

  • In automotive companies, successful safety management is more important than ever. Our framework summarizes what is important throughout the entire product lifecycle and in all areas of the company.

Automotive Cyber Security

  • The automotive industry must rely on adaptive structures to meet the challenges surrounding drive, digitization and competition. Read here what changes are needed in mindset, processes and structures.

Automotive industry in transition: Why adaptive structures matter now

  • The future of the automotive industry is characterized by the transformation to an automotive software-driven company. Three dimensions play a central role here: people, technology and business.

The future of the automotive industry: How to successfully transform into an automotive software-driven company