How AI is Transforming Data Strategies for Modern Car Dealerships

Qore Conversations

Could the future of automotive dealerships hinge more on data than on the vehicles themselves? Join us for a riveting conversation with Todd Smith, the visionary Founder and CEO of QoreAI, as we explore this bold proposition.
Todd brings his wealth of experience to the table, unpacking the transformative power of data and AI in the automotive industry. From outdated CRM systems to sophisticated AI-driven data strategies, Todd provides an enlightening perspective on how dealerships can unlock the full potential of their data.
Our discussion navigates the complex landscape of data lakes and Customer Data Platforms (CDPs), questioning their real value for dealerships. Todd candidly shares the often-overlooked pitfalls of adopting these trendy approaches without sufficient expertise, and the potential for AI to turn the tide by providing actionable insights instead of just collecting dust. We dive into the challenges and solutions for seamless data integration, offering practical advice on avoiding unnecessary vendor fees and enhancing data reliability.
Todd’s entrepreneurial journey, marked by both resistance and breakthroughs, provides a compelling narrative of innovation and adaptation. He emphasizes the crucial need for dealerships to embrace AI to stay competitive in a rapidly evolving market. As we wrap up, Todd shares a powerful message on the importance of data-driven strategies and the urgency for dealerships to transform their operations. Don’t miss this episode packed with valuable insights and practical strategies for modern dealerships looking to thrive in the digital age.

For more information about QoreAI, visit our website: www.qoreai.com.

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Podcast Directed and Produced by Hired Guns Agency: https://www.hiredgunsagency.com

Chapters

1. How AI is Transforming Data Strategies for Modern Car Dealerships (00:00:00)

2. Modern Data Strategies for Dealerships (00:00:01)

3. Data Transformation in Dealerships (00:10:28)

4. Navigating Data Lakes and CDPs (00:19:10)

5. CDPs and Bi-Directional Data Value (00:28:11)

6. Challenges in Data Integration and Management (00:39:14)

7. Revolutionizing Automotive Data Strategies (00:47:55)

8. AI Revolutionizing Dealership Data Management (00:56:16)

9. Overcoming Resistance to AI in Dealerships (01:07:53)

10. Unlocking the Power of Data (01:17:51)

11. Entrepreneurial Journey With Core AI (01:23:49)