Summary of The Need For Speed

Marcus Winkler, Rainer Mehl, Jerome Buvat, Marisa Slatter, Shahul Nath and Nick Gill

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Editorial Rating

The rating – what does it mean?

At getAbstract, we summarize books* that help people understand the world and make it better. Whatever we select for our library has to excel in one or the other of these two core criteria:

Enlightening – You’ll learn things that will inform and improve your decisions.

Helpful – You’ll take-away practical advice that will help you get better at what you do.

We rate each piece of content on a scale of 1–10 with regard to these two core criteria. Our rating helps you sort the titles on your reading list from solid (5) to brilliant (10). Books we rate below 5 won’t be summarized. Here's what the ratings mean:

10 – Brilliant. A helpful and/or enlightening book that, in addition to meeting the highest standards in all pertinent aspects, stands out even among the best. Often an instant classic and must-read for everyone.
9 – Superb. A helpful and/or enlightening book that is extremely well rounded, has many strengths and no shortcomings worth mentioning.
8 – Very good. A helpful and/or enlightening book that has a substantial number of outstanding qualities without excelling across the board, e.g. presents the latest findings in a topical field and is written by a renowned expert but lacks a bit in style.
7 – Good. A helpful and/or enlightening book that combines two or more noteworthy strengths, e.g. contains uncommonly novel ideas and presents them in an engaging manner.
6 – Notable. A helpful and/or enlightening book that stands out by at least one aspect, e.g. is particularly well structured.
5 – Solid. A helpful and/or enlightening book, in spite of its obvious shortcomings. For instance, it may offer decent advice in some areas while being repetitive or unremarkable in others.

*getAbstract is summarizing much more than books. We look at every kind of content that may matter to our audience: books, but also articles, reports, videos and podcasts. What we say here about books applies to all formats we cover.

Qualities

Applicable
Overview
Hot Topic

While the rating tells you how good a book is according to our two core criteria, it says nothing about its particular defining features. Therefore, we use a set of 20 qualities to characterize each book by its strengths:

Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations.
Analytical – You’ll understand the inner workings of the subject matter.
Background – You’ll get contextual knowledge as a frame for informed action or analysis.
Bold – You’ll find arguments that may break with predominant views.
Comprehensive – You’ll find every aspect of the subject matter covered.
Concrete Examples – You’ll get practical advice illustrated with examples of real-world applications or anecdotes.
Controversial – You’ll be confronted with strongly debated opinions.
Eloquent – You’ll enjoy a masterfully written or presented text.
Engaging – You’ll read or watch this all the way through the end.
Eye opening – You’ll be offered highly surprising insights.
For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge.
For experts – You’ll get the higher-level knowledge/instructions you need as an expert.
Hot Topic – You’ll find yourself in the middle of a highly debated issue.
Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends.
Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out.
Inspiring – You’ll want to put into practice what you’ve read immediately.
Overview – You’ll get a broad treatment of the subject matter, mentioning all its major aspects.
Scientific – You’ll get facts and figures grounded in scientific research.
Visionary – You’ll get a glimpse of the future and what it might mean for you.
Well structured – You’ll find this to be particularly well organized to support its reception or application.

Recommendation

The Capgemini Research Institute picked the brains of 174 automotive executives from 85 organizations to better understand how the industry is embracing digital transformation. They then compared that data with information collected from 1,300 executives working in 750 other global organizations. Their conclusions? The automotive industry is falling behind the digital curve. This special report explains how partnerships, innovation platforms, digital self-service options, a digital hub within the company and enhanced data analytics can help move the auto industry in the right direction.

About the Authors

Contributing authors for this special report include Jerome Buvat, the global head of research, Shahul Nath an associate consultant, Nick Gill the executive vice president of the Global Automotive Sector, and Marisa Slatter, a manager at the Capgemini Research Institute. Markus Winkler is the Executive Vice President of Automotive at Capgemini Invent, and Dr. Rainer Mehl is the executive vice president and managing director of manufacturing, automotive and life sciences at the Capgemini Research Institute.

Summary

The automotive industry is lagging when it comes to digital transformation.

Research suggests that only 30% of automotive organizations have the digital capabilities that they need to forge ahead in their digital transformation journey; and just 32% have the leadership capabilities needed for the task. Companies talk about creating opportunities for employees to develop digital skills and hiring the right talent, but most are lagging behind global averages for these initiatives.

The automotive industry also needs to improve its use of social media, mobile channels and data collection to maintain a strong understanding of their market. The industry would benefit from creating new business models based on the advantages provided by digital technology.

Enhance the buying experience by providing digital self-service options.

Brick and mortar stores are struggling in every industry. The United States lost 105 million square feet of retail space in 2017 alone, and the trend is unlikely to slow. In 2015, 35% of consumers expressed an interest in buying their next car online; in 2017, that number shot to 42%. Customers are tired ...

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