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PI DX - Peter Stewart, CIO TI Automotive: Digital Opportunities and Value Creation

Name: PI DX - Peter Stewart, CIO TI Automotive: Digital Opportunities and Value Creation
Uploaded: 2017-10-16T16:11:54+00:00
Duration: 1 min 6 s
Channel: Will Milling
Description: In this talk, Peter Stewart, CIO of TI Automotive, outlines the company’s digital transformation framework, focusing on three key domains: product…

16 Oct 2017 · 1 min

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1:06

In this talk, Peter Stewart, CIO of TI Automotive, outlines the company’s digital transformation framework, focusing on three key domains: product, process (factory), and partnership (channel). For products, he highlights opportunities to reuse existing parts—leveraging big data on product information—to cut tooling and sourcing costs while improving quality, and to embed sensors that enable a shift from pure products to service-oriented offerings. In factories, he emphasizes enhanced change‑management practices and increasing machine integration to boost operational efficiency. Regarding partnerships, he stresses the importance of capturing and sharing the extensive knowledge held by customers, suppliers, and employees through better collaboration tools and tighter integration with channel partners. Across all areas, Stewart sees substantial value creation potential through cost reduction, quality gains, new service models, and stronger ecosystem collaboration.

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We tend to look at 3 key areas for digital. We're looking at how can we either enhance or transform the product, how can we either enhance or transform the processes, or how can we enhance or transform the partnerships. So that might mean with our suppliers, with our customers, or with our internal staff. So for example, in products, we're looking at how can we start to reuse more parts. So we've got lots of big data and product information If we can start to reuse more parts in our assemblies, it means we reduce the cost of tooling, the cost of sourcing, and the quality improves because we're using tried and tested parts. Or if we start putting more and more sensors onto our products, it means we've got more capability to move from perhaps a product to a service. Similar in factories, uh, to enhance the factory, we're looking at better and better change management, but also looking at more and more integration of machines in the factories. And on the channel side, Again, we've got so much knowledge in our customers and our suppliers and our employees. How can we start to harness that through better collaboration techniques? Or how can we start to integrate ourselves better and better with our channel partners? So huge opportunities in all sorts of areas.