in

Automotive industry in slow lane for using AI: Report

Automotive industry in slow lane for using AI: Report 1

According to the report which has been revealed by the Capgemini, only 10% of the automotive company across the globe are implementing AI projects as a vast level despite the technology potential to boost up the profit.

The number of increasing automotive companies that have already successfully scaled the AI implementation projects has also increased the marginally (from 7% to 10%) in the 2018-2019 as compared to the previous year.

Moreover, some of the more significant were the increase in companies not using the AI at all (from 26% to 39%)

The study which is called by the name as “Accelerating Automotive’s AI Transformation: How driving AI enterprise-wide can turbo-charge organizational value” surveyed 500 executives from large automotive companies across the eight countries.

The research revealed that the roadblocks to the technology transformation are still significant. These even include the legacy IT system, accuracy, and some other data concerns, and even the lack of skills which results in the modest progress in the implementation of AI.

The slower growth of Artificial Intelligence in these sectors could be owing to the high and hype expectations that initially came with AI. It may have turned into a more pragmatic and measured view as companies are confronted with the furthermore reality of implementation.

“These findings show that the progress of AI in the automotive industry has hit a speedbump,” said Markus Winkler, executive vice president and global head of automotive at Capgemini. “Some companies are enjoying considerable success, but others have struggled to focus on the most effective use cases. Vehicle manufacturers need to start seeing AI not as a standalone opportunity, but as a strategic capability required to shape the future which they must organize investment, talent, and governance around,”

Written by Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Amazon Pay makes an offline push with 'scan and pay' service 6

Amazon Pay makes an offline push with ‘scan and pay’ service

New robots at Flipkart sort out 5000 parcels an hour 7

New robots at Flipkart sort out 5000 parcels an hour