How AI is affecting automotive industry?
Introduction
It is likely that you have heard of cars such as the General Motors Super Cruise and Mercedes-Benz Distronic Plus, Nissan ProPilot Assist and Tesla Autopilot being driverless. AI has become a major technology driver in today's tech-driven world. It has a direct impact on the way automakers design, select, and drive cars. According to industry experts the AI-infused global marketplace is projected to grow at a 39.4% CAGR between 2022-2030, according to industry experts.
While self-driving cars driving around the streets might sound like science fiction at first, we now live in an age where artificial intelligence (AI), can make this dream a reality. It will be a great experience for drivers and provide an edge for the auto industry. Elon Musk predicted in 2017 autonomous driving would be possible within ten years. We are only four short years away from making this a reality. Think about Mercedes Benz, Tesla and Volvo as examples of large industry players that are adopting AI technology to increase their competitive advantage and improve people's perceptions.
What is AI in Automotive Industry.
Artificial Intelligence is a technology that makes use of data and algorithms to imitate human decision making and reasoning. Algorithms are used to aid systems in solving problems. They can be found in financial services, ICT, life science and retail. Artificial intelligence adoption in automotive is lower than ICT, financial services, retail, and healthcare. According to AI adoption and implementation, the automotive industry can be categorized as "new adopters."
How AI is impacting Automotive Industry
There are many ways AI impacts the automotive industry, both in the present as well as the future. Here are some examples:
Preventing accidents: As artificial intelligence (AI), becomes more available to car makers, many have remained focused on one goal: safety. Tesla has been a pioneer in automotive AI adoption since its inception. A company innovation is an AI-powered interior cam that can be positioned above the rear-view mirrors. This camera helps improve cabin safety. The camera monitors the driver's eyes with AI technology and detects drowsiness to prevent on-road accidents. A large amount of image data collection is required to make this technology possible.
Personalization of vehicles: A vehicle can be an important form of self expression. Porsche has added AI capabilities to provide personalized vehicles and driving experiences for its customers. Porsche's "Recommendation Engine" is a machine learning-based configuration system that recommends vehicle packages based on the driver's preferences.
In-car assistant: In-car voice assist has been limited to luxury cars for decades. AI is becoming more common as it becomes easier to access. AI is used to create voice recognition. It uses a combination NLP (natural language processing) and machine learning (ML). This traditional part of AI production is considered to be one of the most challenging. After being taught to interpret driver cues and translate human speech into digital information, voice recognition can convert that knowledge into digital knowledge. A high-quality and precise speech dataset is required in order to train machine learning for voice detection.
What are the advantages of AI in Automotive Industry?
Artificial intelligence (AI), which is enabling self-driving vehicles, is becoming a reality. Artificial intelligence (AI) allows these cars not only to drive and optimize but also makes safety regulations more accessible. Currently, level 4 autonomy has been tested. Level 5 autonomy should be soon. After this, commercial self-driving cars will be possible. AI is the only way to transform the automotive industry.
Let's examine some of the expected positive effects of artificial tech integration on our daily lives in order to understand how it will benefit automotive.
Vehicle safety has improved with the use of artificial intelligence: Most autos include emergency braking and automatic lane control. These features integrate with the AI system via sensors, cameras, and microphones. The AI can use cameras and sensors to assess the distance between moving vehicles, then apply the brakes in an emergency. This allows self-driving cars to use artificial intelligence to make informed decisions.
Predictive driving capabilities: Artificial intelligence will allow cars to make appropriate decisions based on information like road accidents, weather conditions, heavy traffic, and AI Training Datasets.
Traffic management: This is the worst nightmare for every car driver. Nobody likes to get stuck on their way from work or home to business meetings. These situations often result in unpredicted outcomes, due to rash driving and not paying attention to traffic laws. It could be due to its mechanical nature. If a vehicle breaks down in the middle or major route, it could cause chaos for everyone trying to get in. These incidents can be decreased if self-driving vehicles are standardized across the globe. Each vehicle will follow traffic laws and can operate even in congested lanes.
Support for disabled people: Disabled persons must rely upon others when driving. They can also rely on artificial intelligence to help them drive their self-driving car. Tesla's summon feature is worth a look. It allows vehicles to leave the garage and travel to their owner. This innovation could be a catalyst for enabling disabled people to become self-sufficient.
Reduced cost: Some may believe that this innovation will come at a steep price. Although you might be right, think about the technology and how self-driving vehicles will improve your driving experience. Once self-driving cars become standardized, you'll be able access to low- and higher-cost models. In addition to the lower purchase price, maintenance and insurance costs will be cut. Because artificial intelligence is specifically designed to manage autos safely, there will be fewer accidents. This technology will also alert the consumer to detect previous maintenance issues and prevent costly repairs.
How GTS can assist you?
Global Technology Solutions has spent more than a half-decade perfecting its automotive skills. We are active partners with trusted OEMs and suppliers. Multilingual assistance is also available. GTS provides traffic datasets and car datasets. Our team includes specialists who can help you to improve product development and test workflows. We are experts in data management, and our clients include many different types.
GTS gives the quality approves datasets to it's clients along with Data Annotation, Audio Transcription and OCR data collection services. Choose with you project needs and get the time efficient, all managed datasets for your business.
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