| | SEPTEMBER 20234The pandemic forced the business realm to predicament wherein it demanded people to find new ways to keep the ball rolling. However, this became a blessing in disguise for the manufacturing industry, as the pandemic forced the implementation of many technologies and innovations, which were just a part of the conversation otherwise. According to a McKinsey report, by 2030, the global automotive software and electronics market is expected to reach $462 billion, representing a 5.5 percent CAGR from 2019 to 2030.It's no secret that automotive companies can seize this moment to transform their businesses. However, the investors will continue to demand both growth and profitability at the same time. Hence, CFOs must find ways to ensure shorter timelines and intact quality with lower costs. That means coordinating with other C-suite executives, reimagining work, and tech-enabling the organization. They need to build business strategies that deliver sustainable outcomes that are quickly reflected in profit and loss (P&L) statements.This also means this is the year to monetize investments in digital technology. Indeed, many of these technologies, some of them in early development, are already creating significant impacts. Owing to several bespoke innovators in the segment, there have been multiple disruptive aspects to the automotive industry in recent years--from autonomous vehicles to connectivity, Over-the-Air (OTA), electrification, and shared mobility (ACES). The mantra for the automotive CFOs is taking that leap of faith.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialA Blessing in Disguise Vol 04 · Issue 4-5 · SEPTEMBER, 2023 Publisher Alok Chaturvedi Manager - DesignPrabhu Dutta A.R.N Ray Noida Rohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Designer Vayshnavi pd Surbhi sumanVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran Perumal Editorial Keerthana Kantaraju Roopalatha H. Nalini Brahmanapalli M Reddy Prasad Managing Editor Sujith Vasudevan
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