The Beast is knocking at the door.
Digital Personal Assistants (DPA), powered by AI are going to disrupt EVERYTHING. It will come to our industry in multiple waves.
WTF am I talking about?
Wave 1: I explore this in a LI article: Dealer's Tech Planning in 2024: AI+CRM = AI personal assistants. In a short period of time (24 months?), the entire Auto Shopping workflow -as we know it- is TOAST. 2 types of dealers will exist. Those with DPAs and those without.
WTF is a DPA?
Digital Personal Assistants are 100% task oriented. They are a Digital Personal Assistant with a highly structured job description that can help anyone with a job to do.
DPAs need two building blocks.
1. Structured data
2. APIs to the structured data.
Does the DPA sell cars?
In Wave 1, No. But, it will help everyone in dealership align to sell MORE cars with less people.
Wave 2: DPAs galore.
Your store will have a DPA for nearly every employee in the store. Sales rep's DPA will assist them in digital workflow (product knowledge, lead management, goal setting and feedback, paper work, compliance, etc). Nearly every employee will have their DPA. Therefore your store will have a 'swarm' of DPAs, all aligned -and- all aware of each other. The GM and DP will have their own DPA that will oversee 'the swarm' of DPAs. If you dont think this is real, it's already in use (google: "multi-agent swarms" or "Microsoft's Auto-Gen" product)
Next, the majority of your 'high value' customers will have 'domain-specific' DPAs that are fully aware of the human owners entire life. They will own Automotive DPA that will become their trusted automotive SME (Subject Matter Expert). There is nothing out of bounds here, right down to the DPA negotiating with multiple dealers on behalf of it's owner (yes, this means consumer DPA to dealer DPA discussions)
Think about it.
Losers: Google as we know it is TOAST. Gone are the days you'll go to Google and 'pogo-stick' back and forth to get answers. ALl Classified sites as we know it... toast.
Winners: Anyone that the DPA needs or serves. Data sources that feed the APIs. CAR DEALERS that own the franchise or hold the inventory.
Wave 3: Krakatoa
Domain specific DPAs are no longer needed. SuperIntelligence is here. I will NOT speculate on this. I am an optimist. I follow David Shapiro for genius level insights.
Takeaways:
ALL VENDORS: Beware incrementally solving today's digital workflow frictions. Digital Personal Assistants (DPA) will blow up everything that has a digital workflow.
Example: @JDHigginbotham's Vonage is a CPaaS (Communications Platform as a Service). IMO, adding AI to the CPaaS platform is perfectly positioned for the 1st wave (they have to hurry find ways to not let the AI wave blow by them).
Digital Personal Assistants (DPA), powered by AI are going to disrupt EVERYTHING. It will come to our industry in multiple waves.
WTF am I talking about?
Wave 1: I explore this in a LI article: Dealer's Tech Planning in 2024: AI+CRM = AI personal assistants. In a short period of time (24 months?), the entire Auto Shopping workflow -as we know it- is TOAST. 2 types of dealers will exist. Those with DPAs and those without.
WTF is a DPA?
Digital Personal Assistants are 100% task oriented. They are a Digital Personal Assistant with a highly structured job description that can help anyone with a job to do.
DPAs need two building blocks.
1. Structured data
2. APIs to the structured data.
Structured data.
Automotive retail is famous for it's cesspool of semi-structured data. IMO, this alone is THE reason why Wall Street has not been able to 'roll-up' the automobile industry. Automotive is a small universe highly repetitive uses. There is a great reward to bring order to the semi-structured data, LLM's strength is using text, words & language to solve complex problems. I expect mega-vendors in our space to attack this opportunity.
APIs to Everything.
DPAs need APIs to solve domain specific tasks (e.g. build data, marketplace data, vehicle valuations, loan values, reviews, and on and on.) Once the DPA has a stask to complete, it'll know which APIs to fish from. More APIs = smarter DPA. API owners that have data that is in demand will see API traffic as a core business.
Does the DPA sell cars?
In Wave 1, No. But, it will help everyone in dealership align to sell MORE cars with less people.
Wave 2: DPAs galore.
Your store will have a DPA for nearly every employee in the store. Sales rep's DPA will assist them in digital workflow (product knowledge, lead management, goal setting and feedback, paper work, compliance, etc). Nearly every employee will have their DPA. Therefore your store will have a 'swarm' of DPAs, all aligned -and- all aware of each other. The GM and DP will have their own DPA that will oversee 'the swarm' of DPAs. If you dont think this is real, it's already in use (google: "multi-agent swarms" or "Microsoft's Auto-Gen" product)
Next, the majority of your 'high value' customers will have 'domain-specific' DPAs that are fully aware of the human owners entire life. They will own Automotive DPA that will become their trusted automotive SME (Subject Matter Expert). There is nothing out of bounds here, right down to the DPA negotiating with multiple dealers on behalf of it's owner (yes, this means consumer DPA to dealer DPA discussions)
Think about it.
Losers: Google as we know it is TOAST. Gone are the days you'll go to Google and 'pogo-stick' back and forth to get answers. ALl Classified sites as we know it... toast.
Winners: Anyone that the DPA needs or serves. Data sources that feed the APIs. CAR DEALERS that own the franchise or hold the inventory.
Wave 3: Krakatoa
Domain specific DPAs are no longer needed. SuperIntelligence is here. I will NOT speculate on this. I am an optimist. I follow David Shapiro for genius level insights.
Takeaways:
ALL VENDORS: Beware incrementally solving today's digital workflow frictions. Digital Personal Assistants (DPA) will blow up everything that has a digital workflow.
Example: @JDHigginbotham's Vonage is a CPaaS (Communications Platform as a Service). IMO, adding AI to the CPaaS platform is perfectly positioned for the 1st wave (they have to hurry find ways to not let the AI wave blow by them).