Artificial intelligence (AI) is increasingly being adopted in the automotive industry to reduce human intervention and errors. It is being implemented effectively across the automotive value chain, including design, manufacturing, production, post-production, supply chain, driver risk assessment, and driver assistance systems. Moreover, Artificial intelligence in automotive has been proactively transforming aftermarket services like insurance and predictive maintenance. Hence the use of AI in the automotive industry has increased.
In addition to technologies such as artificial intelligencein automotive that has been around for a while, newer technologies, such as big data & analytics, blockchain, and internet of things (IoT), also find numerous applications in the automotive industry. Future technologies will add more value to the automotive industry, help increase production capacity and enhance the entire workflow. Artificial Intelligence or AI, is everywhere. AI-based solutions can collect & process enormous amounts of vehicle data, provide actionable insights, and increase privacy and data security.
Latest report available at Coherent Market Insights indicates that increasing demand for autonomous vehicles is a major factor driving growth of the artificial intelligence in automotive market.
To ensure a high quality customer experience, auto makers can simplify their decision-making process with the implementation of artificial intelligence.Automakers can also use well-trained data to build AI algorithms to understand their customers and respective preferences. German automotive manufacturers; Audi uses computer vision to identify cracked parts, while Porsche uses AI to identify noises that could indicate problems. AI can also identify defects up to 90% more effectively than humans, significantly reducing problems further down the road.
Moreover, in an effort to bring AI efficiency to ridesharing, Toyota has collaborated with Japan Taxi to test out its new AI-propelled taxi dispatch system. Autonomous driving is one of the key application areas of AI. Autonomous vehicles are equipped with multiple sensors, such as cameras, radars and LiDAR, which help them better understand the surroundings and in path planning.AI is truly revolutionizing the automotive sector by making car manufacturing better, supply chains more efficient, and driving experience safer and more comfortable.