A Road Map to the Future for the Automotive Industry The past few years have witnessed the automotive industry taking tremendous leaps in terms of technological innovations. With new players increasingly entering this ecosystem, new processes, customer channels, and product life cycles are expected to bring in the next surge of change in the automotive […]
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A Road Map to the Future for the Automotive Industry
The past few years have witnessed the automotive industry taking tremendous leaps in terms of technological innovations. With new players increasingly entering this ecosystem, new processes, customer channels, and product life cycles are expected to bring in the next surge of change in the automotive industry.
The automotive industry is significantly influenced by the ongoing technological advancements. Powerful technologies are enhancing customer experiences, with capabilities far beyond the reach of science. As a result, automotive industry players will have to be cost consistent, productive, and more responsive to the changes in the automotive industry trends to be a part of this change in the following years.
Importance of Business Impact Analysis
Business impact analysis refers to the process of determining, estimating, and assessing the potential effect of interruptions or stoppages of critical operations and processes of the business due to an accident, emergency, or disaster. It is a well-organized method of predicting the possible and probable consequences of these disruptions, usually with a worst-case scenario perspective. Conducting a business impact analysis is about setting priorities, identifying which processes are most vital, gauging how long you could go without them, and determining how best to get the lights back on if things went wrong.
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