(PDF) Artificial Intelligence Based Autonomous Car
15 Pages4443 Words52 Views
Added on 2021-04-21
(PDF) Artificial Intelligence Based Autonomous Car
Added on 2021-04-21
ShareRelated Documents
Running head: AUTONOMOUS CARS0Business Information SystemsAutonomous (‘driverless’) Cars
AUTONOMOUS CARS1Table of ContentsIntroduction................................................................................................................................2Impact of Autonomous Vehicle on Businesses and Society......................................................3Issues and Opportunities relating to Autonomous Cars.............................................................4Potential Problems.....................................................................................................................6Adaptation of Autonomous Cars Technology by Businesses....................................................7Organisations and Society Transition to Autonomous Cars......................................................8Conclusion................................................................................................................................10References................................................................................................................................11
AUTONOMOUS CARS2IntroductionAn autonomous or driverless car is referred to a robotic vehicle which is designed in a waythat it allows travel between destinations without the requirement of a human operator ordriver. In order to qualify as fully “autonomous”, it is necessary that the vehicle is able tonavigate to different places without human intervention (Fagnant and Kockelman, 2015). Anautonomous vehicle travels to a predetermined destination through roads which are notadopted or designed for its use. The advancement of technology has increased the market forautonomous cars, and most of the leading car manufacturers are investing in the technology.The autonomous vehicle technology has the potential to replace traditional vehicle industry inupcoming years. There are a number of benefits of autonomous vehicle technology such assaving of fuel, reduction in car crashes, hassle-free travel and others. This essay will focus onanalysing the influence of autonomous vehicle technology on businesses and society. Thisessay will discuss the key issues, and challenges face by corporations relating to theautonomous cars and examine the potential problem related to the topic as well. Further, thereport will evaluate how businesses will need to adapt and analyse how companies andsociety will transition to autonomous cars.
AUTONOMOUS CARS3Impact of Autonomous Vehicle on Businesses and Society‘The Guardian’ evaluates the potential impact of autonomous vehicle technology in thearticle called “Look ma, no hands: what will it mean when all cars can drive themselves”. Inthe article, Topham (2017) provided that Uber has entered into a billion pound business dealwith Swedish car manufacturer Volvo to make autonomous vehicle future possible. Thearticle evaluated how autonomous technology will have a substantial influence on a numberof key players who are associated with this technology. Marshall (2017) stated in his researchthat autonomous vehicles could add $7 trillion to the global economy which proves itspotential to change various aspects of the transportation industry. Popularity of driverless carswhich influence businesses including technology companies, car manufacturers, online mediaand retailers, logistics firms, lithium miners and others. Topham (2017) provided thatGoogle’s self-driving division (now called Waymo) is leading the autonomous vehicletechnology. Morgan Stanley has valued the company at $70 billion (£52 billion) which showsits potential in the autonomous cars industry (Ohnsman, 2017). The deal between Uber andVolvo is another example; Uber is focusing on becoming the market leader in driverless taxiservice by investing in autonomous vehicle technology.In March 2017, Intel bought an Israeli company which manufactures chips and cameras forself-driving vehicles called Mobileye for $15.3 billion even when the corporation isgenerating annual revenue of $300 million (Lunden, 2017). Most of the car manufacturingcompanies are collaborating or working with technology companies in order to incorporateautomated vehicle technology into their products. In Consumer Electronic Show (CES) 2018,car manufacturing companies were teaming up with technology firms in order to providedriverless vehicles prototypes. For example, companies such as Amazon, Cisco, NVidia andIntel made announcements regarding driverless cars in CES which prove that influence ofautonomous cars on technology companies (Levy and Kolodny, 2018). Logistic companieswill be influenced by the popularity of driverless vehicles as well. One-third of the costs oflogistics firms, i.e. $7 billion are related to drivers’ wages (Topham, 2017). Logisticorganisations will be able to reduce their operating costs relating to drivers’ wages which willresult in improving their profitability. Introduction of autonomous trucks and other heavygoods vehicles such as Tesla’s Semi-electric truck will change the business of logistics firms.
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
The Future Of Driverless Vehiclelg...
|14
|624
|62
Travel Behavior And Energy Uselg...
|4
|577
|20
Ethical Issues of Self-Driving Cars and Artificial Intelligencelg...
|12
|4066
|74
MANAGING INNOVATIONS 7 7 Running Head: MANAGING INNOVATIONS Name of the University Authorlg...
|9
|1926
|10
Information Technology - Sample Assignmentlg...
|8
|1831
|206
Starsky Robotics Management Reportlg...
|12
|2486
|346