The Parc of Audi vehicles in United Kingdom attained a value of 1,752,936.97 Units in 2020
The indicator recorded a historical growth (CAGR) of 2.63% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Parc of Audi vehicles in the United Kingdom (2017 - 2025, Units)
Company Summary
Audi AG (Audi) a subsidiary of Volkswagen AG, is an automobile manufacturer. It designs, develops, manufactures, and commercializes premium cars, and motorcycles globally. The company is recognized as one of the leading car manufacturers in the premium and supercar segment. It focuses on innovation through its research and development activities and has partnerships with national and international academic partners. Audi also offers financial services such as leasing and borrowings through cooperation with Volkswagen Financial Services AG. The company operates production facilities together with its subsidiaries in the Americas, Europe, The Middle East, and Asia-Pacific. Audi is headquartered in Ingolstadt, Bayern, Germany.
Parc status
Audi improved its ranking in the count of PARC by the manufacturer from 2016 to 2019 by moving from the ninth position to the sixth. However, globaldata predicts Audi to remain firm in the ranking of the count of PARC during the next four years.
How is Audi using AI as a supply chain risk radar?
Audi is using AI to monitor its supply chain and provide early warning of issues. Since October 2020, Audi has been using what it terms ‘intelligent algorithms’ to analyze news about suppliers from publicly available online media sources and social networks as part of a pilot project being conducted in around 150 countries worldwide. This analysis encompasses sustainability criteria such as environmental pollution, human rights violations, and corruption. If there is any suspicion of potential sustainability violations, artificial intelligence sounds the alarm.
Sustainability Radar
Artificial intelligence has supplemented supply chain monitoring at Audi since October 2020, complementing the traditional complaint channels with a proactive tool. Comprehensive risk monitoring at Audi combines different methods and systems – including with the aim of responsibly managing complexity in the supplier structure. The digital early warning system for sustainability risks used by Audi together with Volkswagen and Porsche collects publicly available news from countries globally. This includes social media channels such as Twitter or YouTube as well as local news outlets. Since the AI developed by Austrian startup Prewave uses automatic speech recognition to understand the meaning of the respective messages, potential sustainability violations can be identified flawlessly, it is claimed.
Using machine learning and automatic speech recognition, the Prewave platform continuously trains its proprietary algorithm to identify signals as risks from the text in multiple languages, using publicly available sources such as social media to make qualitative factors measurable in real-time. This, it says, is a critical step in optimizing supply chain management. It is claimed that intelligent algorithms are constantly learning and therefore that the system is continuously improving. The system’s ability to recognize indications of developing risks is increasing, Audi says. However, the main advantage of the AI used by Audi is the speed at which it recognizes relevant information online and transmits it in packaged form.
Prewave has also launched a new feature to monitor commodities. It’s called the commodity dashboard and the company claims it gives an overview of a whole commodity based on Prewave’s accumulated supply chain data. It is claimed to provide an overview of market stress and production load of the commodity, while also helping the user evaluate the impact of risks like natural disasters, shortages, labor strikes.
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