IBM has deployed a cloud-based network to transform the Indian automotive industry by enhancing the movement of data and reducing transaction costs by up to 80 percent.
Several automobile vendors will benefit from this development because ACMA and SIAM represent over 750 of India’s top auto manufacturers and parts suppliers.
In a statement, IBM said it developed the new exchange – AutoDX – in partnership with the Society of Indian Automobile Manufacturers (SIAM) and the Automotive Components Manufacturers Association (ACMA).
The new exchange – built on IBM Sterling B2B Collaboration Network technology – will eliminate inefficiencies by standardizing, automating and accelerating the exchange of transactional data through the cloud. This will enable members to drive faster, more accurate processing at reduced operational cost.
“This is the first industry wide digital collaboration initiative for the Indian automotive sector and has the potential to transform the entire industry,” said Vijay Sethi, CIO, Hero MotoCorp & chairman, SIAM IT Committee.
“There has been a lot of inconsistency with how transactional data is shared in India between manufacturers, suppliers and customers, resulting in processing delays, inaccurate transactions and other inefficiencies,” said Sri Karumbati, CIO of SSS Springs and deputy chairman of the ACMA Technology Committee.
Auto OEMs and suppliers — Tata Motors, Hero MotoCorp, SSS Springs and Sundram Fasteners — have already integrated AutoDX into their processes. The platform benefits will also be extended via the cloud to trading partners, logistics providers, banks and other entities that interact with Indian auto OEMs and suppliers on a regular basis.
Jagdish Belwal, CIO, Tata Motors, said: “This system created by IBM will go a long way in improving overall efficiencies across the entire automotive ecosystem by standardizing the data definitions, data interchange formats and therefore expanding the possibilities of automation.”
By deploying the exchange in the cloud, auto manufacturers and suppliers can adopt these standards while enabling the network to scale over time.
The cloud also opens additional connections for the India auto industry to over 160,000 organizations around the world that already use IBM Sterling B2B Collaboration Network – which processes over 1.9 billion transactions per year and sits at the heart of AutoDX.
