Artificial Intelligence in TransportationRead post
How can Machine Learning Solutions can help you in growing businesses in the transportation sector? How can Artificial Intelligence speed up your market expansion?
Machine Learning is a key component in the larger field of Artificial Intelligence, a distinction we examined in detail here. As you probably noticed, applying Artificial Intelligence to crucial in today’s competitive marketplace. It creates huge value in a number of industries, including marketing, sales, finance, healthcare, education, telecoms, manufacturing and more. Now it’s the time to turn our focus to potential opportunities related to transportation.
According to Automotive Artificial Intelligence - Global Market Outlook (2017-2023): “The Global Automotive Artificial Intelligence Market accounted for $563.58 million in 2016 and is expected to reach $5,265.81 million by 2023 growing at a CAGR of 37.6% during the forecast period.The automotive industry has seen the promise of artificial intelligence (AI) technology, and is among the industries at the forefront of using AI to augment human actions and to mimic the actions of humans. The arrival of standards such as the adaptive cruise control (ACC), blind spot alert, and advanced driver assistance systems (ADAS) and rising demand for convenience and safety presents an opportunity for OEMs to build up novel and innovative artificial intelligence systems that would attract customers.”
Autonomous buses, trucks and cars
You may have also noticed that autonomous cars like the ones created by Waymo (Google), Tesla, Mercedes are only the beginning of endless possibilities in the transportation industry. Key players like Ford Motor Company, General Motors, Fiat Chrysler Automotive, Alphabet, Audi AG Tesla, Qualcomm, Harman International Industries, Honda Motor, Hyundai Motor Company are investing in AI Solutions in Transportation. AI Solutions not only focus on creating autonomous cars, but are also making vehicles like buses and trucks smart too. And all those smart vehicles will optimize costs and time, not only by reducing numbers of employees but also by finding the most optimal routes.
Public Safety Improvements
According to Stanford’s Artificial Intelligence and Life in 2030 – One Hundred Year Study, AI will have a huge impact on city infrastructures, because of the ability to predict individuals’ moves, their preferences and even their goals. AI Solutions like ours can help police forces and armies to control various situations. By learning patterns of crime and unwanted behaviours in the past, it can prevent them or help to develop a better way of protecting citizens. It will also help optimize the control of traffic signals.
Reaching Maximum Efficiency with Planning Management
AI Solutions can help in making decisions for creating the optimal ways of transport for vehicles through pattern recognition in traffic and accidents in real-time, identifying such industry structures like bridges and transportation equipment. Using a control function, it will create solutions that will help with dynamic route guidance. With time it will also provide support information for drivers and also check their abilities based on their behaviors.
Traffic directly affects transportation. AI solutions that manage traffic will decrease the number of traffic jams. Gathering all information, including the behavior of pedestrians and cyclists, will reduce the number of accidents. It will help with more optimal scheduling and routing.
When we’re all using autonomous cars or vehicles in public transport, it will give us extra time during the day. This is huge opportunity for businesses to create products or services that consumers will love.
You don’t have to be an AI expert to benefit from AI solutions in transport, because that’s our specialty. Just get in touch and let’s talk about what we can do for you.
Wednesday, 4 April 2018