How is AI putting Automobile Industry in the Driver’s Seat?

May 14,2019 by Rahul Garg

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The best thing about humans is we always strive to make things better. And continuous advancement in technology is the prime factor that has brought all those things into reality, which were beyond our imagination a few decades ago. When it comes to emerging technologies, artificial intelligence is worthy to talk about. It is because AI has made our life so much easier, isn’t it?

If we especially focus on the automobile industry, this ever-growing technology is pushing to achieve what is still the part of science fiction films, like flying or underwater cars.

As far as advancements in artificial intelligence are concerned, that day is not too far when we are able to drive flying cars. Instead of waiting for that day, let’s talk about what applications of artificial intelligence have done for car manufacturers so far.

1. Autonomous cars

The first concept of manufacturing driverless cars came in 1970. However, the automobile industry had to struggle because the required technology wasn’t developed much at that time. But nowadays, car manufacturers are pretty close to coming up with self-driving cars, as artificial intelligence is here to help.

Companies like Waymo, Tesla, etc. are eager to bring fully autonomous cars for customers, thus, millions of dollars are being spent on research and development. Tesla is inching towards the future as it has had revealed that its new vehicles would come with all the hardware, which enables fully autonomous driving.

Even, companies like Uber are determined to launch fully autonomous cars by 2021. It is phenomenal, isn’t it?

2. An enhanced level of safety

For any company, customers’ safety comes first before economic benefits. Therefore, companies always make sure that nothing goes wrong while manufacturing. For car manufacturers, one of the major concerns is how to set new benchmarks in terms of safety features so that no life perishes due to road mishaps.

Owing to continuous efforts by automobile companies, nowadays, both a driver and passengers feel safer than they were 20 years ago.

As we have already stated, automobile companies are going to great lengths to represent fully autonomous vehicles in front of the public. However, this will take some time to happen, and that’s for sure. Therefore, companies are introducing AI-based safety features to give a glimpse of what is on the way. If we talk about most salient safety features powered by AI, here are a few names:

ABS (automatic braking system),
Collision avoidance systems,
Cross-traffic alerts,
Intelligent cruise controls, etc.

What’s more, automotive companies are also working on interior cameras in contemplation of precise facial recognition. The intention behind this is good; the car will warn the driver if he/she starts getting distracted or sleepy while driving, which as a positive consequence, will reduce the odds of accidents to a large extent.

Behind the scenes, AI plays a vital role as it takes necessary actions after analyzing a feed coming directly from interior cameras of the car. That’s why it is believed that more applications of artificial intelligence will be used in automobiles in the near future.

3. Integration with IOT (internet of things)

In this modern era, the usage of internet has increased extensively due to the high availability of intelligent devices. Thus, the significance of IoT (internet of things) is on the boom. To give an impeccable driving experience, car manufacturers are collaborating artificial intelligence with IoT devices.

According to industry reports, more than 250 million vehicles will be connected to the internet by 2020.

Hence, automobiles are going to be more dependent on technology, electrical components, and software development teams. Put simply, the say of IoT in the automobile industry is likely to increase in the upcoming years.

Here’s a sneak peek on how IoT is making an impact on the automobile industry:

By virtue of OTA (over-the-air) software updates, it gets easier for manufacturers and dealers to update vehicles’ firmware.
By means of IoT, manufacturers and dealers can enjoy seamless repair scheduling as they will get all the vital information when a customer’s vehicle requires service/maintenance.
It enables dealers to correct certain performance issues without making the owner pay a visit.
It ensures timely help as cars’ smart sensor would send a signal if medical emergencies take place.
It guarantees automatic toll collection.

All in all, an amalgamation of artificial intelligence and IoT paves the way for stupendous business growth for automobile companies.

Wrapping up:

Artificial intelligence technology is growing, so are its adopters. With the help of AI, several industries have successfully enhanced efficiency levels, which, in turn, leads to better bottom lines. By virtue of this ever evolving technology, the automobile industry is all set to make the dream of self-driving cars etc. come true.

Here are some stats that could act as eye-openers:

AI helps to increase machinery life by 20%.
Due to AI-powered applications, automobile companies can cut machinery examination costs by 25%.
Artificial intelligence lowers annual maintenance cost by 10%.
AI helps car manufacturers in detecting hidden defects way better than humans.
Artificial intelligence reduces inventory cost by 50% owing to its capability of doing demand forecasting.

After being au fait with these statistics, you won’t be facing any problem in agreeing that artificial intelligence technology is putting the automobile industry in the driver’s seat.

And if you are an owner of a business and have a desire to expand it by leveraging applications of artificial intelligence, say hello to Cyfuture!

Thanks for reading joyfully!