Automakers have a choice: Become data companies or become irrelevant [TechCrunch Blog]
Apple Inc. (AAPL)
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Share on Twitter Automakers have a choice: Become data companies or become irrelevant Jeff Peters 8 hours Contributor Share on Twitter Jeff Peters, PhD Autotech Ventures More posts by this contributor While Bezos amassed billions, Apple took over our culture, Google became ubiquitous and software ate the world, the automotive industry needed a bailout However, not all hope is lost for the old auto titans. Cars are here to stay, whether they have drivers or not. Automakers can ensure their seat at the table by implementing strategies better suited for the digital age and making data a core part of their future business. Massive opportunity “Big data” is a tired phrase, but the data boom is in full swing. New mobility giants like Lyft There are 1.2 billion vehicles in operation 23 trillion By 2020 17,600 minutes autonomous vehicles will produce 4 TB of data in one and a half hours $750 billion Who wants the data? Not all data is created equal and different data customers are seeking d
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