ai in automotive

Benefits of Artificial Intelligence in the Automotive Industry

The automotive industry’s future will be shaped by current trends and technologies. With an increasing focus on sustainability, accessibility, and customized services, automobile manufacturers must think unconventionally, leveraging new tools and technologies to bridge the gap between where they are now and where they will need to be in the future. Artificial Intelligence (AI) may be one of the most effective technologies for designing the future generation of vehicles, since computer vision, natural language processing (NLP), and intelligent automation enable the creation of new business models, work processes, and products.

According to Statista, the global automotive intelligence market is projected to grow and is expected to reach the size of around 74.5 billion U.S. dollars in 2030.

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How Technology Is Changing The Automotive Industry

The automotive industry has been undergoing significant transformations, driven by advancements in technology and changing consumer preferences. Electric mobility, driverless cars, automated factories, and ridesharing have emerged as some of the most prominent disruptions reshaping the landscape.

As we navigate beyond the challenges posed by the COVID-19 crisis, there’s a growing curiosity about the future trajectory of the automotive sector. With travel restrictions easing and global economies gradually recovering, stakeholders are contemplating the new normal for the industry. While the pandemic brought about factory closures, declining car sales, and workforce reductions, it also spurred a reevaluation of traditional practices and accelerated ongoing trends

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