A socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 126 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

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Research
26.03.2018

Accelerating the car data monetisation

Car connectivity over the past few years has evolved from theoretical concept to reality. As a value pool, connectivity may reach $450 billion to $750 billion worldwide by 2030. But doing so will depend on the ability of market players to use the data generated by cars, drivers, and mobility systems to develop products that create revenue, reduce costs, and enhance safety and security.

While the potential is significant, monetising this car data at scale remains a major challenge. To take stock of complex developments in this arena, McKinsey conducted a year-long research effort that involved both end users and industry insiders from around the world.

The research highlighted how industry executive identify specific challenges that cause the "car data monetisation gap"—the space between car data value potential identification and revenue or savings actually generated from it or losses eliminated.


No matter which features car data can make possible, capturing value from them is not feasible if consumers do not see the benefit. Of the executives surveyed, 77 percent agreed that managing a diverse set and vast amount of data will require companies to take a different organisational approach.

All car market players target value creation through car data monetisation, but the exact path and measures they take depend on where they sit in the value chain. These could be suppliers, technology designers, dealers, service providers. After assessing their starting points, companies may take appropriate actions on the highway to data monetisation.


Analytics on the topic