Author : Amit K. Nerurkar, Shivani Herlekar, Shreya Pednekar
Date of Publication :2nd August 2024
Abstract:This paper conducts a thorough examination of ESG metrics to assess the sustainability performance of car manufacturers, focusing on environmental impact, social responsibility, and corporate governance within automotive production. It explores various facets, including carbon emissions, resource utilization, labor practices, human rights, product safety, supply chain management, board diversity, executive compensation, and regulatory adherence. By delving into these ESG risks in detail, the report offers valuable insights for automakers, regulators, shareholders, and other stakeholders. Moreover, the paper presents a comprehensive overview of IoT applications in the automotive industry, highlighting their significant advantages. It begins with a brief introduction to IoT and its relevance in automobile manufacturing, exploring various applications of AI such as predictive maintenance, quality control, supply chain optimization, and robotics. The study illustrates how AI utilizes real-time data from sensors and other sources to help manufacturers anticipate and prevent equipment failures, optimize production schedules, and enhance product quality. Furthermore, the research examines the crucial role of cybersecurity in automotive manufacturing and its importance in ensuring the safety, reliability, and integrity of modern vehicles. It specifically addresses emerging vulnerabilities in connected and autonomous vehicles, discussing potential threats to information security, vehicle integrity, and passenger safety. Overall, the paper aims to offer a comprehensive analysis of ESG metrics, IoT applications, and cybersecurity risks in the automotive industry, with the objective of promoting sustainability, efficiency, and safety within the sector.
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