F1 races are often decided by tenths of seconds, and technological advancements can make or break a team's time on the circuit.
"Formula One is all about performance, and it's performance which drives success on the racetrack.
"Without all four of them operating at a very high level, it's very difficult to have real success," Waterhouse added.
James Vowles, team principal for Williams Racing, said he spends about 30% of his time on technology.
Watch the video above for an in-depth look at the technology that fuels F1 success, featuring interviews with Formula One Group CEO Stefano Domenicali, McLaren Racing CEO Zak Brown, Williams Racing Team Principal James Vowles, Scuderia Ferrari HP Team Principal Fréd Vasseur and more.
Persons:
Ben Waterhouse, Waterhouse, Dan Keyworth, James Vowles, Vowles, Stefano Domenicali, Zak Brown, Fréd Vasseur
Organizations:
Oracle Red Bull, McLaren Racing, Williams Racing, Formula One, McLaren, Ferrari HP