The big revolution in the auto industry

The Big Revolution In the Auto Industry

Estimated Reading Time: 2 minutes

For the past few years, automotive companies have been investing billions of dollars investing in artificial intelligence. This investment is regarding two categories:

First, for the infotainment of the human-machine interface. When a driver asks his car to put one specified music but also on when the driver is tired, the auto-detects it and recommends the automobilists to take a break. Also, for example, BMW allows its driver to change the volume without touching anything. People need to make a sign in front of the screen to change a song, decrease or increase the volume.
Secondly, for Advanced Driver Assistance Systems (ADAS) as well as autonomous vehicles, which are the more significant part of the investment made.

Here are some number that shows how fast-growing is the automotive artificial intelligence market. In 2017, this market was valued at $783 million and would expect to reach $1.1 trillion by 2025. That’s an annual growth of 38.5%!

Autonomous cars work on a camera-based machine vision system. Those 360° camera follow the white line that they see on the street or highway. Unfortunately, whether you live in a developed country or an emerging country, not all roads have white lines on the ground. Where the self-driving car won’t work anymore and might instantly brake or collides into a tree or in the worst case, into another vehicle or a pedestrian.

The main problem with autonomous vehicles and assistance systems is the law. How are countries going to make new traffic laws? Who would be responsible when cars collide? How are insurance companies going to do?

I believe there would be a big summit where governments will meet and discuss on this significant issue.

I found some tech start-ups using AI to create new ways of living. For example, Autox.ai (https://www.autox.ai) is doing “Robo-Delivery” as well as “Robo-Taxi” with autonomous cars. You might also want to check Optimus Ride (https://www.optimusride.com), a company that saw its creation inside MIT. They help people commute from residential communities to office/airport using electronic and autonomous transportation.

I believe that the real challenge for automotive companies is to implement as quickly as possible AI with the best technology ever imagined in a car. As companies are racing against each other, delivering the best product, the first company who has the best-finished technology will win substantial market shares.

Comments

Brace yourself! You will be hired by computers now...

Estimated Reading Time: 1 minute There was a time when humans made computers and ensured that they constantly kept evolving it; after all, it was just a machine. However, times have now changed. Human is no longer the smart ones, and how could they be when a computer is used to hire them? Doesn't feel nice right? Imagine a computer deciding if you are capable enough for anything or not!! However weird it sounds, it is the reality of modern-day HR. We thought that AI was only helpful for big analytical and number related stuff. However, this isn't true anymore. Computers have been making decisions for us for quite some time now, and computer-based hiring is just a step ahead! From taking online standardised tests to appearing for computer-based behavioural interviews; the world has come a long way. As if beating people in Poker wasn't enough, AI has crept its way in here too. The future of HR is both digital and human as HR leaders focus on optimizing the combinatio...

Introducing Beginners to Tomorrow’s World of “Internet of Things”

Introducing Beginners to Tomorrow’s World of “Internet of Things” The "Internet of things" (IoT) is already an extensively debated topic both in the workplace and outside of it. The number of people that search “What is IoT?” on Google has been strongly raised since 2013, highlighting it’s growing importance. It's a concept that not only has the potential to impact how we live but also how we work. But what exactly is the "Internet of things" and what impact is it going to have on you, if any? There are a lot of complexities around the "Internet of things" but our blog wants to focus on the basics. Many people are still trying to grasp what this topic is about. Our Blog’s aim is to make technology understandable by anyone who owns a genuine interest in discovering what’s happening worldwide and extremely curious futurists . Let's start with explaining a few things. Broadband Internet is become more widely available,...

Changing the Art of War

Technology and the Changing Art of War Technology has left no area of human interaction and use untouched. with the development of AI and machine learning tools, the world is moving closer to another, yet massive technical revolution. Humans are dependent on technology more than ever; leading to a lot of constructive and destructive opportunities to come their way! Technology has enabled tasks which seemed difficult until a few years ago. One such major application which technology has found for itself is in Military and intelligence. Various governments all around the world today are deploying technology in spaces we had imaged until a few decades ago. Artificial Intelligence is changing war as we know it. The battlefield isn't the same old one and nobody today is playing by the rules. The entire war paradigm has changed sequentially with one thing leading to other. AI, being a dual-use technology, may have interesting implications on the dis...

One Step Ahead - AI & IoT

Search This Blog