Suggestions
Krishnan Narayanan
Sr. Director - Global Business Risk and Control
Krishnan Narayanan is a founding governing board member at AquaMAP Water Centre. He has over 18 years of experience in diverse aspects of the IT industry, with a strong focus on technology and innovation. Narayanan is also noted for his educational background, having studied at XLRI Jamshedpur, a prestigious business school in India. His professional journey reflects a commitment to leveraging technology for various applications, particularly in water management and related fields.1
In addition to his role at AquaMAP, Narayanan has been involved in various initiatives that aim to improve technological solutions across different sectors, showcasing his versatility and leadership in the tech domain.1
Highlights
Prof. Venkat Ramaswamy and I have published a new report - “Automotive and Mobility Ecosystem X-verse Innovation - Applying the PIE X lens to digitalized automotive and smart mobility experiences.” https://lnkd.in/gAtssjry
-
In section 1, we introduce the concepts of “Life X-verse” and “PIE X”. “Life X-verse” puts humanity and life experiences of value ahead of technology. A new lens is required to visualize experience-centric ecosystem innovation and multi-stakeholder value creation opportunities (and challenges) in the life X-verse, which is the PIE X (Platforms, Impacts, Engagements, eXperiences) lens.
-
In section 2, we look at how the automotive industry is embracing the digitalized world characterised by innovations in autonomous driving, connectivity, electrification of vehicles, and shared mobility. We view the major transformational shifts taking place in automotive enterprises along five different loci of value creation: locus of interaction, locus of innovation, locus of value, locus of strategy, and locus of performance. Examples of transformations at Tesla, BMW Group, Lynk & Co, Mercedes-Benz AG, General Motors, Volkswagen Group, Lemonade, Toyota Motor Corporation and Mahindra Group.
-
In section 3, we explore detailed examples of digital transformations and co-innovations powering new automotive and mobility ecosystem experiences.
- Tesla, in order to fulfil its purpose of accelerating the world’s transition to sustainable energy, has reimagined the energy and transportation ecosystem. And is building a world powered by solar energy, running on batteries and transported by electric vehicles.
- Ford Motor Company is undertaking its biggest transformation since Henry Ford scaled Model T. Central to its Ford+ strategy are electric vehicles, which Ford wants to comprise around half of its global sales by 2030, connected cars and new revenue streams via subscriptions and digital services.
- NIO, a pioneer in the Chinese premium smart electric vehicle market, is looking to create a joyful lifestyle for its customers and how it is driving deeper engagements with them by building phygital communities.
We then study exemplars of co-innovations in the mobility ecosystem – PSA France and its Free2move connected services, India’s Open Network For Digital Commerce (ONDC) protocol-based Kochi Open Mobility Network, Toyota’s KINTO Mobility services, Michelin and its connected services and solutions around tires, SAP’s co-innovation mobility ecosystem initiatives, and Catena-X Automotive Network.
- In section 4, we examine in detail how Mahindra and Mahindra Limited [Automotive and Farm Equipment Business] is leveraging X-verse ecosystem co-innovation and stakeholder value co-creation to transform itself and become next generation co-creative living enterprises in the X- verse.
#automotive #automotiveindustry #mobility #mobilitysolutions #digital #transformation #coinnovation #innovation #technology #experience #ecosystem
Prof. Venkat Ramaswamy and I are happy to share our next report in the Life X-verse series - "Becoming a Co-creative Living Enterprise in the X-verse".
We apply the PIE X lens to organizational transformation at Microsoft, Mahindra Group (Mahindra and Mahindra) and Indian Institute of Technology, Madras.
Leading X-verse innovation and value creation requires co-creative living enterprise transformation. The paths to transformation are many, representing a strategic choice to be made by each enterprise depending on its prevailing culture, management outlook, initiatives, aspirations, and leadership. Success is a function of the active involvement of all stakeholding individuals as experiencers-creators at all levels. Systemic leaders at all levels can apply the PIE X lens to organizational transformation in becoming a co-creative living enterprise. Ultimately, the goal is to allow each individual to co-create his or her own experience, not only in the change process but also in the eventual day-to-day experience that will result from the change process.
https://lnkd.in/gH5_Yiu4
