May 31

How Is Technology Changing The Automobile Industry 

The advancement in technology all over the globe is rapidly changing different sectors of the economy, and the automobile industry isn’t left out. In fact, technology and the automobile industry have always been in cahoots for a very long while. This is because the automobile industry has always incorporated state-of-the-art technology in the design and operation of its products.

Today, people spend a lot of money in buying smart cars with lots of features, even when you choose to opt for a used car, it is also vital to check the car history before making payment to ensure that you are getting a good value for your money.

This article focuses on how technology is currently changing the automobile industry in a bid to examine why people now drive cars that are straight out of comics and movies. Read on.

Autonomous Technology

In the past, autonomous vehicles were restricted to sci-fi movies and comic books. Yet that is the latest direction that the automobile industry is facing. Self-driving cars will soon replace the traditional models for cars. One instance in this change is the AEB. AEB is short for Autonomous Emergency Braking System. It is a technology that uses radar and cameras to evade collision by gauging the risks of a collision on the road ahead. When the risks are high, the driver is warned, and if nothing is done to avert the collision, the AEB system stops the car. Autonomous cars and trucks will be powered by Artificial Intelligence (AI) which seeks to design machines that can interact with humans and other unknown factors. AI is key to self-driving cars because there are instances where pedestrians, fallen trees, weather conditions, and other situations that are not pre-determined will arise.

Greater user interactivity

User interactivity is one of the latest gifts of technology to the automobile industry. The levels of user interactivity available to drivers who use modern cars have increased due to advancements in technology like radar sensors and Big Data. Modern cars now have a computer that enhances operations. In addition, drivers can control GPS, cruise control, and exhaust emissions, among other things. They can also use smart dashboards to execute a range of tasks: from reading phone messages to ascertaining any operational challenges in the vehicle.  Deploying Big Data in the automobile industry has brought about positive changes to the mode of operations in the automobile world. Radar sensors and wireless vehicle-to-vehicle interaction are technologies that will enable the modern car to monitor its working parts in a bid to detect any need for repair or replacement.

Manufacturing

Automation in the automobile industry is changing the way cars are being manufactured. With automation tedious, time-consuming processes are done in less time with increased quality. Robots execute tasks more efficiently than humans can ever do. One of the ways that technology has impacted the automobile industry is to improve aspects of the manufacturing process like design technology, the efficiency of aerodynamics, fuel economy, and ascertaining the strength of the chassis.

Safety

Without a doubt, there are much safer vehicles today than there were about a decade ago. The reason is that technology constantly evolves. And with each level of evolution, automobile manufacturers can produce safer cars. Applying the new technologies available allows automobile manufacturers to simulate dangerous scenarios to test and develop new safety measures. Rear-park assist, anti-lock braking systems, and traction control among others are some of the innovations that technology has facilitated in the automobile industry.

Prices

Most companies in the automobile industry need to make profits to stay in business. Making profits requires a reduction in prices. Advancements in technology have steadily influenced the costs of production and by extension, the prices of automobile products. With the application of advanced technology to the car production process, better, more durable cars are being made by the day. Modern cars now have better residual value than they used to. The resale value has also increased since the modern car is more durable and efficient than its predecessors.

Environmental Sustainability

As more people become aware of global warming and its impact on the globe, fuel economy is one of the boxes to tick when buying a car. Sustainable transportation is now a thing as more manufacturers in the automobile industry look to embrace the concept of sustainable cars. Advancing technologies help automobile manufacturers achieved advanced fuel efficiency and reduced emissions in the vehicles that are produced these days.

Environmental sustainability is the driving force behind electric cars. Advancements in technology have made electric vehicles more common by the day with a focus on plug-in electric vehicles. These vehicles are not harmful to the environment but they also support and eco-friendly society.

Internet of Things (IoT)

The concept of the IoT is essentially about connecting appliances (sometimes that are compatible together. With IoT, cars and trucks are connected to the cloud, so there is more information to be hard. IoT makes it possible to access information on the safety of operations and driving times, among others. Automotive telematics insurance and monitor vehicles are deployed to accurately assess risk by observing miles are driven, driver behavior, and vehicle type. The incorporation of IoT into the automobile industry makes it easy to prevent accidents on the highway. This is done to help companies determine the health of the driver, making sure that they are in good condition to drive.

Optimization

Big data offers a ton of valuable information to automobile companies. These companies can now optimize this information via tracking devices and some software. After the tracking and analysis of the data has been done, key insights are extracted and applied accordingly. This optimization enables companies to make smarter, better cars that meet a wider range of needs. The tracking devices and software are new technologies that will enable automobile companies to make the most of their available assets. Optimization of business assets reduces cost, increases profits, and facilitates the growth of enterprises and the industry as a whole.

Conclusion

As long as there are technological advancements, the automobile industry will continue to be influenced by it. The cars of the future are those that will run on solar, provide better safety measures for owners and designed with AI, ML, and Robotic technologies to make life easier for those that can afford them.


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