7 ways AI is impacting the Automotive Industry.

Artificial intelligence (AI) is having a big impact on many industrial sectors, including aviation, manufacturing, technology, and a host of others. That’s because the features of AI like machine learning and deep learning can make companies more efficient.
But one industry which is already seeing dramatic changes from AI is the automotive industry. Artificial intelligence is introducing entirely new ways for people to get around. It will soon have a big impact on how cars are produced and will change how the traffic is maintained in the cities, Here’s how

Autonomous Cars

The attempts to create driverless cars began in 1970, but due to lack of advanced technology kept autonomous cars a distant dream. But with time, the technology improved there were more powerful computers, the GPS system and most notably AI, Autonomous cars are now not only a possibility, they are here, almost.

While fully autonomous cars have not made it to the showroom yet but there are few companies who have committed to making self-driving cars’s a reality in the near future. Google’s subsidiary, Waymo has been recognized as one of the leaders in autonomous car development with the likes of Tesla both the companies are spending millions of dollars on technology and Research and Development teams. Both the companies have test vehicles on the road in various cities and they are inching toward the future.

Tesla is in a comfortable position as their technology is ready. In October 2016, Tesla revealed that all new Tesla Vehicles will come equipped with all the hardware needed for fully autonomous driving. However, the company is still needing approval for regulations and software validation is needed before the vehicle could switch into a fully driverless mode.

And the likes of Uber are already committed to bringing fully autonomous cars by 2021.

Driver Assist Features

There are some companies who are working on fully autonomous and a number of manufacturers are easing in that direction. The companies are introducing features which can assist the drivers without taking the wheel, the companies are more putting more efforts in  AI-based features which can help vehicles with advanced safety features. Such as Automatic braking, collision avoidance systems, pedestrian and cyclists alerts, cross-traffic alerts, and intelligent cruise controls are some of the lesser features being powered by AI.

The Car manufacturer is willing to develop autonomous cars, trucks and open new opportunities.

Cloud-Hosted Intelligence

Cloud computing has positive advantages that can make it a perfect stage for Installing AI technology in the automotive field. Features such as Fast processing speed, data access and analytics, and centralized connectivity. Automobile manufacturers are looking to make cutting-edge technology, the cloud-based platform can help them to develop the technology.

A good example of where the cloud-based system is being used is the partnership between IBM and General Motors. IBM’s Watson supercomputer will help GM to develop an extension for its popular OnStar system which will include AI enhanced features.

Internet of Things

It is said by 2020, about 250 million cars on road will be connected with the internet. With new vehicles coming equipped with smart sensors, connectivity applications, big-data enhanced geo-analytical capabilities.

Here are some IOT will be an impact on Automobile Industry :

• With over the air software updates, manufactures and dealers can update vehicle firmware easily.
• It could help send data directly to the manufacturer or dealer and also vehicle can report problem and schedule repairs by using IoT.
• It can help dealers to diagnose and correct some issues without requiring a shop visit.
• Fleets can be managed easily and more effectively with more safety.
• Better manufacturing quality is possible with the help of IoT.
• Cars smart sensor could also help in detecting medical emergencies in vehicles.

Enhanced Connectivity

If there is one world which you will be hearing more about, it is connectivity. With the success of social media, people like to be connected to people and information and automobile makers are using AI to help them do that.

AI-based infotainment system will allow drivers to receive and send emails, perform internet searches, and interact with smartphone apps – all using voice command.

Some vehicles will soon include their own WiFi hotspots, which will provide internet connectivity using cell carriers.

One of the most important AI contributions is making in Automotive Industry is V2V, meaning vehicle-to-vehicle communication gets blended around a lot when self-driving cars and the future of car safety arise.

Intelligent Insurance Risk Assessment

Insurance companies are always looking for ways to reduce risks. Nauto is one such company involved in this with BMW I ventures and Toyota Research Institute, and the big name insurance company Allianz Group.

With the help of deep-leaning AI technology, Nauto will make a cloud-based system that will help insurance companies to keep track of driver alertness, near misses, and unsafe driving habits.

Huge improvements to automotive manufacturing are coming

AI will help automobile makers how vehicles are made and how inventory is managed and the quality control will also improve.

This could also help in increasing the machinery life by 20% and machinery examination cost will also reduce by 25% and annual maintenance will be reduced by 10%.

AI will also help companies to built a better quality product and detects defects up to 90% much better than human and AI could also be implemented in demand forecasting and can reduce inventory cost by 50%.