AUTOMOBILE INDUSTRY BENEFITS WITH SMART DOCUMENT TRANSFORMATION

The automotive industry is set to become a major contributor to the Indian economy in the coming years. The article elaborates on how digitising end-to end is a need of the time.

- Srini Dokka

According to the Automotive Mission Plan of India, the industry can be the engine of the 'Make in India' programme. In the next few years, the Indian Automotive sector could contribute to more than 12 per cent of India's GDP and, importantly, have 40 per cent of India's manufacturing sector share.

The sector is amid transformative change with the coming of the e-vehicle revolution. The pandemic, too, was a lesson in managing operations with minimal person-to-person physical contact. The other momentous change sweeping the industry is the acceleration of business timelines. From introducing new models with its uncountable number of subtasks to correspondingly reacting to competitive moves, all ask for squeezing of timelines. Customers' heightened expectations of support and responsiveness are the other dimension in this compression of time challenge.

The auto industry is leveraging multiple methodologies to meet the massive disruptions facing them. These include increased industrial automation, digital transformation and supply chain innovations, amongst others. One of the major enabling innovations being used to enhance the impact of the above methodologies is the deployment of enterprise-class smart documentation and eSignature transformation.

What makes smart documentation and eSignature transformation the magic ingredient is the impact on the management layer essential to every industrial activity. This management layer perpetually manages contractual processes, regulatory compliance, operational documentation, decision approvals, and document archival.

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