Here's How AI is Transforming the Automotive Industry

Here's How AI is Transforming the Automotive IndustryPolicybazaarAverage Rating / 5 ( reviews)
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Artificial intelligence is also known as AI is one of the fastest-growing technologies in the world. Right from reading sci-fi magazines to buying your favorite footwear to ordering food to streaming online shows and movies AI is omnipresent. You might not be aware of the fact but the last song that popped up as a recommendation on your YouTube playlist is a result of AI-based algorithms. There are a plethora of algorithms and computer programs that function on the concept of AI to make your day to day life more comfortable and better.  

The modern-day applications of AI are just a spoonful of the immense potential that the technology holds. However, one of the most interesting applications of AI in today’s era is in the automobile industry. The amalgamation of AI and the automotive industry has created an all-new horizon that has started to transform the automobile industry. According to an estimate by the end of 2020 more than 250 million vehicles all across the UAE will be making use of the internet and AI.  

To keep you updated with the latest trends and technologies in every segment, we’ve come up with a new blog where we will be decoding how AI has made its way into the automotive industry. But before we dive deep into the world of AI, it is important to car insurance compare to get the right insurance plan that will keep on the safe side of the law.  

Autonomous Vehicles

The most awaited application of artificial intelligence that has been quoted and covered in various sci-fi books, movies, and TV shows is self-autonomous driving vehicles. The idea has always been considered as a futuristic concept, but today the concept has turned into reality. A large number of automotive enthusiasts, experts, and investors have started to realize the degree of the potential these vehicles hold.  

While there have been several achievements but autonomous vehicles that are available are mostly in the stage of R&D and are not 100% autonomous. Major market players in the field of technology, automobiles are coming together to transform this anticipated dream into reality. As a result of mergers between Google, Tesla, and Uber we might get the gift of the fully autonomous vehicle very soon.  

AI-powered Navigation and Control

It was not long-ago satellite-powered navigation that made its way into the mainstream market. Right after the introduction of the technology its popularity skyrocketed and is even popular in today’s era. Later in the years the technology transformed and got even better with time. Now with voice command, you can search for the nearest gas station, restaurant, bar, etc. 

The use of AI will improve technology and take the concepts to an all-new level. The projected ideas of AI contribution will allow us to make payments for fuel, food without stepping out of the car. Complex algorithm machine learning techniques will take over primitive technologies and will completely change the way we tend to navigate and control things in our cars in the modern-day era.  

AI-assisted Safety Mechanism

The implementation of AI in the modern-day automotive industry is a step-by-step process and requires extensive research and analysis. Technically, market leaders are focusing on implementing AI is different components of vehicles so as to gradually build an entirely AI-powered vehicle. In this step by step hustle of implementing and applying AI one of the components that have managed to draw the attention of pioneers is AI-powered safety mechanisms that can efficiently reduce the extent the damage in case of accidents making driving even safer.  

Numerous AI-powered small technologies have already made their way into several vehicles. Primarily the technology allows drivers to be informed or signaled about dangers on the streets while driving/ parking. However, a major downside associated with this technology is that it has not been fully accepted by consumers and even companies. Despite all the hurdles, it is predicted that the AI-powered automotive industry is about to grow by 150 million dollars in 10 years. 

AI in the Future

As mentioned earlier, what we are actually using in terms of the vastness of the field is just a drop in the ocean. AI technology is in its stage of development especially in the case of the automotive industry. The future vehicles will be completely AI-powered reducing human error making the driving and traveling experience unparalleled.  

For instance, in order to stay on the right side of the law, it is important to car insurance compare to UAE to get the best deal. However, in the future, you might get the best insurance plans in your car with an assisted voice command or control.  

In a Nutshell

The possible applications and uses of AI in the automotive industry will grow exponentially in the future. While some of the technologies are already at work some are in the stage of development. 

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