Source: How to Hack a Car – an infograph
Hence, the businesses of shaping metal or shaping actors might or might not themselves get disrupted by software, but everything downstream will be, and, again, what tends to happen is that a new layer gets created on top and that new layer shapes how consumers spend money. The old doesn’t go away but it becomes less relevant.
Another great post from Benedict Evans about the historical disruption that is happening in the auto and TV industries, similar to what we’ve seen in information services, newspapers and music.
The auto industry won’t be impacted as quickly simply because of the slow turnover of the installed base, but the auto companies do have to start looking at a radical new approach to their business if they intend to stay relevant in the face of rapidly changing technologies.