Frost & Sullivan says artificial intelligence (AI) and digitisation will change the future of cars, challenge traditional business models and create immense potential for innovation. In future, cars will be cognitive – not only will they recognise voices and be able to optimise the journey, they will also incorporate other cognitive technologies of AI - computer vision, machine learning, rules based systems as well as planning and scheduling.
Today, there are 4.4 million taxis globally. In 2020 this number is expected to reach 5.5 million. Once the commercialisation of autonomous driving kicks in, the taxi market has the potential to double. This would allow for mobility to become a commodity or a service, which could compete with public transport. Similarly, commercial transport will be affected by AI. By 2035, approximately 300,000 heavy-duty truck drivers globally could lose their jobs based on freight efficiency enhancement tools, automated driving and other utilization technologies. The societal impacts of AI, and autonomous driving as one element of it, will be far-reaching. Alongside the impact on the society, AI and autonomous driving will change the future of our cities.
Isabel Dedring, Deputy Mayor, Transport at Greater London Authority will be a keynote speaker at the event, hosted at The House of Lords. Dedring will explore how policies have to change in order for cities to be able to adapt to these changes in an ideal way.
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