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The automotive industry has witnessed a drastic evolution post 2016 with many important advancements in technology. The old-fashioned four-wheeled cars, which were earlier equipped with basic features, have transformed into connected cars with advanced features such as cloud computing, big data, and the Internet of Things (IoT), among others.

Technological developments have led to several innovations in the vehicles of the future. For instance, big data analytics platforms are now used to optimize various parts, giving original equipment manufacturers (OEMs) a qualitative advantage in an intensely competitive market. These technologies will not only help enhance the end-user experience but will also make a huge impact on the supply chain and change the very approach OEMs use for automobile manufacturing.

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