Automakers can effectively implement digital transformation in their operations by embracing technology and integrating it into their business models. This could include developing software for fully connected cars, offering subscription services for additional features, and using data analytics to improve customer experience and operational efficiency. They should also invest in training their workforce to adapt to new technologies and collaborate with tech companies to stay at the forefront of innovation. It's also crucial to have a clear digital strategy that aligns with their overall business goals.
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Why are automakers charging for basic services in their cars? BMW wants to charge $18 a month for heated seats, and even more for remote start and dash cam features. At the same time, GM just announced that it will add 50 new digital features and subscription services to its cars by 2026, with plans to build a Netflix-sized subscription service business by 2030. Subscription services are just one way the automaking industry is shifting to a digital focus. With new software and fully connected cars on the horizon, cars are evolving from simply a mode of transportation to full-on computers on wheels.