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Artificial Intelligence for an Automotive Future

Artificial Intelligence for an Automotive Future

Biswajit Biswas
Biswajit Biswas

Chief Data Scientist

"Artificial Intelligence and Data Analytics Innovations are propelling the carmakers and suppliers into a new league of digitally transformed, data-driven business powerhouses"

A popular buzzword in technology, artificial intelligence (AI) is a term that few can define precisely. With innovations, in-vehicle connectivity, autonomy, and electrification, AI & its applications are marking a watershed moment in future mobility. Vehicles can now better sense the needs of the driver as well as the passengers. They can ensure our safety, assist us in locating a delicious lunch or even direct us to a rest stop or amusement park while on the road.

Based on recent industry estimates, it is predicted that artificial intelligence in the automotive sector is growing at a 36.2 percent compound annual growth rate (CAGR) between 2020 and 2030, with a value of USD 2.49 billion in 2019. Right from basic ones such as annotating and labeling the enormous amounts of vehicle perception data or helping human counterparts with their newest music requests to sophisticated ones, such as facial recognition, threat detection, picture processing, and vehicle localization and mapping, AI is growing its influence across all domains of the automotive ecosystem.  In addition, it is interesting to note that over the projected period, Asia Pacific is anticipated to lead the semi-autonomous market. This can be attributed to the presence of the AI hubs in countries such as China, Japan, Singapore, and India; which offers a conducive environment for the semi-autonomous market (Source: Research & Markets, Global Semi-Autonomous Vehicle Market Report 2021-2028. AI, ML & IoT are being used extensively to satisfy transportation industry requirements, be it for User experience, driver and passenger comfort, or developing autonomous and connected vehicles. Multiple applications include driverless vehicles, fleet management, in-vehicle driver assistance, and improved vehicle diagnostics services for aiding vehicle inspection or insurance.

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