Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

BUSINESS

Black Pepper is today warning automotive businesses there is a serious risk of falling behind in the autonomous technology race if they continue to rely on redundant, out-dated processes during development projects.

In its latest sector survey, the business found only ten per cent of automotive organisations are set-up for success. While automotive companies understand agile methodologies can provide a clear competitive lead, they are failing to take advantage.

John Cooke, managing director at Black Pepper explains, “The results demonstrate that with the tumultuous changes in the sector, the need to be agile in software development is the only way to retain competitive advantage. Agile solutions encourage innovation and development, providing businesses with the opportunity to adapt to changes in projects.”

There are many IT trends and futuristic ideas starting to take shape in the automotive industry, such as autonomous vehicles and connected cars. Chancellor Philip Hammond even announced £390 million of Government funding to boost the development of low emission and autonomous vehicles in his Autumn Statement.

It has become vital for automotive businesses to keep up with the evolving industry and continue to explore new ways to innovate, whilst ensuring development is completed successfully and safely. However, over 66 per cent of the survey respondents admitted they have real concerns with addressing security issues associated with connected cars, hacking, data encryption and personal data loss. “Automotive businesses need to ensure the technology provides a reliable, secure and positive impact for consumers,” says Cooke.

Cooke continues, “Looking at the research results, businesses that outsource IT projects adopt 45 per cent more IT trends on average. This may not seem significant, but as the automotive industry continues to develop into a new technological era, they must be open to throwing out the traditional book of working and look to new innovations, new trends and how they can be implemented across the business. This will ensure the company remains successful in today’s evolving industry.

Continue Reading

Recent Posts