https://www.autofacets.com/insights Automotive Thought Leadership Thu, 20 Aug 2020 06:45:09 +0000 en-US hourly 1 https://www.autofacets.com/insights/automotive-industry-it-spending-cio-focus-trends-and-highest-growth-areas/ https://www.autofacets.com/insights/automotive-industry-it-spending-cio-focus-trends-and-highest-growth-areas/#respond Thu, 11 May 2017 11:44:53 +0000 http://autofacets.com/insights/?p=1214

By 2020, IT Spending by Automotive Companies to Reach $80.05 Billion Growing digitization, connectivity, cloud computing, dynamic customer preferences, Internet of Things (IoT), cybersecurity, and increasing automation are the key trends driving the automotive industry to invest in IT. Automotive OEMs, Tier I suppliers, and automotive ecosystem participants invest in key focus areas including Industry 

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