Avis Budget Group (Avis) – Digital Transformation Strategies
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Avis Digital Transformation Strategies Overview
Avis Budget Group (Avis) has been focusing on using AI and machine learning, big data, cloud, connected car technology, Internet of Things (IoT), electric vehicles, autonomous vehicles, the future of work, and e-commerce to digitally transform its operations. The annual ICT spending of Avis was estimated at $450.2 million for 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Avis offers car sharing as well as car and truck rental services to customers across the world. The company conducts its operations under several brand names, including Avis, Zipcar, and Budget, among others. Avis licenses the use of its brand trademarks to licensees in countries in which it does not operate directly. Avis and its licensees operate in about 180 countries. Avis has two reportable business segments: the Americas and international. The Americas business segment primarily comprises vehicle rental operations in North America, Central America, South America, and the Caribbean; car-sharing operations in few of these markets; and licensees in areas in which Avis does not operate directly. The international business segment comprises vehicle rental operations in Australasia, Asia, Africa, the Middle East, and Europe; car-sharing operations in a few of these markets; and licensees in areas in which Avis does not operate directly.
The ‘Avis digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, investments, and ICT spending among others.
| Total ICT Spending 2023 | $450.2 million |
| ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service Desk |
| ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems Integrators |
| External ICT Spend by Segment | Software (including Cloud SaaS), Hardware (including cloud IaaS), ICT services, Consulting, Network and communications, and Others |
| Technology Theme Focus | AI and Machine Learning, Big Data, Cloud, Connected Car Technology, the Internet of Things (IoT), Electric Vehicles, Autonomous Vehicles, The Future of Work, and E-Commerce |
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Digital Transformation Strategies
Avis built a cloud-based data and analytics architecture that combines solutions from Informatica and AWS to ingest, catalog, operationalize, and perform real-time analytics on connected car data.
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Avis Technology Theme Focus
Avis is leveraging several emerging technologies including AI and machine learning, big data, cloud, connected car technology, Internet of Things (IoT), and e-commerce, among others to improve operational efficiency, provide better customer service, and drive profits.
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Avis Technology Initiatives
Avis has been involved in several strategic technology partnerships and collaborations, technology developments and rollouts, and acquisitions over the last few years. For instance, in 2023, Avis partnered with EverCharge, a subsidiary of SK Group, to inaugurate several electric vehicle (EV) charging stations at George Bush Intercontinental Airport in Houston, Texas (US). These charging stations cater to Avis and Budget’s fleet of EVs available for rent at the airport. The initiative is part of Avis’ strategy to build the infrastructure required to address the growing demand for EVs. It also helps Avis achieve its 2030 environmental, social & governance (ESG) target of lowering its greenhouse emissions by 30%.
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Avis ICT Spend by Function
- Datacenter
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Avis ICT Spend by Function, 2023 (%)
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Avis ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Avis ICT Spend by Channel, 2023 (%)
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Avis External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud IaaS)
- ICT services
- Consulting
- Network and communications
- Others
Avis External ICT Spend by Segment, 2023 (%)
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Scope
This report provides:
- Insight into Avis’ technology activities.
- Overview of technology initiatives covering partnerships, technology introductions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Avis’ technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, technology introductions, and investments.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Avis in 2023?
The annual ICT spending of Avis was estimated at $450.2 million in 2023.
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Which function accounted for the highest ICT spending for Avis in 2023?
Network accounted for the highest ICT spending by function for Avis in 2023.
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Which channel accounted for the highest ICT spending for Avis in 2023?
Internal development and maintenance accounted for the highest ICT spending by channel for Avis in 2023.
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Which segment accounted for the highest external ICT spending for Avis in 2023?
Software accounted for the highest external ICT spending by segment for Avis in 2023.
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What are the key technology themes in focus for Avis?
The key technological themes in focus for Avis are AI and machine learning, big data, cloud, connected car technology, the Internet of Things (IoT), electric vehicles, autonomous vehicles, the future of work, and e-commerce.
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