How is AI Impacting the Automotive Industry?

June 23, 2022 11:33 AM

It’s no surprise when we say that the automotive industry is changing. And it’s changing fast. Artificial intelligence in the automotive industry is giving those in the space the chance to create things that they could have only once dreamed of.

This article looks at AI, its impact on the automotive industry, and what the future holds.

The Evolution of Artificial Intelligence in the Automotive Industry

AI and its associated technologies are constantly evolving and becoming better at replicating human thinking and decision making. The goal of most people who are building AI systems is to use machine learning to help make decisions that humans are responsible for today. The applications of AI in the automotive industry are far-reaching and exciting. This is why AI has been penetrating the industry quickly and successfully.

If earlier AI systems were used to help with simple, constrained tasks like cruise control or parking, today AI is giving drivers the opportunity to enter completely autonomous cars and enjoy the ride.

Benefits of AI in the Automotive Industry

While bringing AI into a factory or service related to the automotive industry may be expensive at first, in the end, the benefits typically far outweigh the costs.

AI allows automotive manufacturers and others in the industry to reach new levels of technologies and efficiencies that once seemed like a dream. This includes self-driving cars, AI-based robots on the manufacturing floor, predictive maintenance, and more.

By powering autonomous cars and driving, AI gives drivers insights into what is going on in real-time around them. There are a wide range of use cases of AI in the industry, each with its own distinct benefits.

AI Use Cases in the Automotive Industry

AI is used in four main use cases within the automotive industry:

Manufacturing

Integrating AI into the factory experience means that car manufacturers are able to benefit from smarter factories, therefore increasing efficiency and reducing costs. AI can be used for car assembly itself, optimizing the supply chain, using robots on the factory floor, using sensors to improve performance, designing vehicles, and in post-production processes.

Driver and passenger experience

We all want to have an enjoyable ride when in our vehicles. AI can help with this as well. When in the car, AI can help drivers remain more focused by reducing distractions, understanding driving habits, and improving the overall customer experience. AI allows passengers to enjoy personalized accessibility as well as in-car delivery services.

Supply chain

In 2021 and 2022, the automotive industry has been plagued by supply chain disruptions and issues. AI can help on this end as well. By being able to forecast and replenish supply chains as necessary, AI helps companies understand the roadblocks that they will be facing in the coming future. AI can also help with routing issues, volume forecasting, and more.

Quality control

Everyone wants a high-quality vehicle and experience. Wouldn’t you like to know before something goes wrong in your car? In this use case, AI allows for predictive monitoring, crack detection, and more with extreme accuracy.

Inspections

When a rental agency, insurance company, or even a garage needs to inspect a car, the process is highly subjective and manual. With AI, inspecting vehicles can go digital, with the ability for advanced technology to inspect a vehicle, understand where the issues are, and provide a detailed condition report.

3 Examples of How AI is Driving the Automotive Industry

1. AI facilitates workflows and streamlines supply chains.

AI can foresee complicated interactions, automate systems, and eliminate potential supply chain issues that might cost organizations millions of dollars.

2. High-Quality Control

To learn and make conclusions, AI evaluates real-time data. This data assists manufacturers in identifying faulty areas in production and controlling the quality of vehicle bodywork.

3. AI Provides Assistance in Emergency

Artificial intelligence (AI) helps prevent accidents by determining perfect driving conditions and regulating drivers' behavior on the road.

Impact of AI on the Autonomous Vehicles Market

The impact of AI on the AV market is clear: AI is what helps drive these vehicles (literally) and is the base of the technology that will allow us to move into an autonomous future.

From driver assistance, driver monitoring, predictive maintenance, helping during emergencies, and more, AI will have a major impact on the autonomous vehicle market for years to come.

The Future of AI in the Automotive Industry

The future of AI in the automotive industry is incredibly exciting. With people flocking to new technologies to improve driving experience, fuel efficiency and keep themselves safe, there is no doubt that the current introduction of AI into the car industry is just the tip of the iceberg. It is expected that by the end of 2030, 95-98% of all new cars will have AI technology installed.

Ravin.AI’s Impact on the Automotive Industry

Ravin.AI has set out on a goal to change the automotive industry by integrating AI into digital vehicle inspections.

Our groundbreaking technology allows insurance companies, car rental agencies, leasing agents, and more, to scan any vehicle with the click of a button. All of this is made possible by using advanced AI technology, which turns a picture of any car into an intricate analysis of its condition.

Artificial Intelligence in the Automotive Industry is Here to Stay

Any way you look at it, AI is the future of the automotive industry (as well as many others).

From the initial design of the vehicle to manufacturing, distributing, and landing on the road, AI technology is giving the automotive industry a (much needed) chance to reevaluate and to revolutionize.

Ravin.AI is excited to be a part of this process, changing the way that vehicles are inspected, scanned, and taken care of.

Want to learn more? Reach out here.

How is AI Impacting the Automotive Industry?

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