Digital disruption in the automotive industry has created enormous opportunities for automakers, but to keep pace with change in the digital era, companies must modernize. For Renault, a French automaker with roots that reach back to 1898, the imperative to innovate is in its DNA. That doesn’t mean it’s easy.
As CIO of the Renault Group since May 2016, Frédéric Vincent has overseen the company’s comprehensive digital transformation. Entering a multinational company with more than 2,000 legacy applications, most of which dated back 10 to 15 years, Vincent had his work cut out for him. But he maintained a sharp focus on creating measurable, tangible value for the business and the consumer, and his efforts are paying off handsomely. Renault anticipates that its digital transformation will garner €1 billion in value by 2020.