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Automotive Report 2020 released – Machine Learning and Artificial Intelligence lead to deep data analysis for long-term success

As part of its strategy shaping the digitization of the Automotive Aftermarket TecAlliance releases the Automotive Report 2020. This new edition provides deeper market insights than ever before. First introduced in 1991 the vehicles in operation (VIO) and OE services have become renowned sources of information. The latest edition gives a deep data analysis to ensure long-term success for the international automotive aftermarket.

 

Automotive Report 2020 – how TecAlliance is building the future to serve customers’ need

 

“The Automotive Report is derived from the Global Registration Vehicles in Operation (VIO) to paint a global picture of the current market situation”, explains Chief Editor Bernd Meijers. “For this year’s report, advanced machine learning algorithms are front and center in the whole process of creating the VIO data. Bulk data obtained from global sources is fed into an artificial intelligence (A.I.) tooling that automatically links the original raw data to the various vehicle tables with remarkable precision. The first results have revealed that the A.I. tooling ensures the best possible mapping against the global vehicle table that is known in the market — that’s how TecAlliance is building the future to serve customers’ needs.”

 

Product Owner Robbert Lasoe points out further details: “In addition, data transparency is taken to a new level, providing insights into the challenges TecAlliance is facing and how TecAlliance is dealing with them. For instance, at the time of this writing, TecAlliance is preparing a source quality document which will tell customers precisely which data fields TecAlliance is receiving from each of its sources.”

 

TecAlliance has matched the global data knowledge of its data specialists all with multiple experience in their particular fields and the knowledge of its subsidiaries in Mexico, Brazil, Asia and North-America about vehicles circulating in their home markets. The Automotive Report 2020 is the result of this  great team effort.

 

About TecAlliance

 

For more than 25 years, TecAlliance has been one of the world’s leading data specialists connecting the digital automotive aftermarket. In addition to up-to-date vehicle and spare-parts data based on the TecDoc standard, the TecAlliance portfolio includes comprehensive repair and maintenance information, as well as integrated solutions and consulting services for digital order handling, fleet management, market analysis and data analysis for the automotive and other aftermarket industries. The TecDoc Catalogue is one of the world’s leading and most comprehensive automotive aftermarket catalogs. Today, around 600 qualified TecAlliance employees from 26 nations are working around the world, using their profound technical and business knowledge of the automotive aftermarket and collaborating with local resources for the best information to make data and processes more efficient and effective. Given TecAlliance’s global footprint, it can serve the needs of unique local markets with product solutions able to accommodate the requirements of local product users, including multiple data standards and applications. TecAlliance – the international driving force for standardized data, digital processes and integrated solutions in the automotive aftermarket.

 

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Thu. July 2nd, 2020

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AUTOMOTIVE INDUSTRIES

Founded in 1895, the world's first trade magazine covering the automotive industry.
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