Artificial Intelligence Can Save Lives On Road In Case Of Accidents
The automobile sector is the pool of opportunities and possibilities for growth in India. It is a sector that is constantly growing in terms of revenue and other horizons. Electric Vehicles (EVs) seems to provide immense growth prospects to the entire Indian business landscape. According to the Indian Brand Equity Foundation (IBEF), The electric vehicle (EV) market is estimated to reach Rs. 50,000 crore (USD 7.09 billion) in India by 2025.
The Indian automotive industry is witnessing opportunities and trends in the form of AI, IoTs and EVs, utilising these opportunities efficiently, a competent skilled workforce is required. Talking on the same pointer, Arindam Lahiri, CEO of the Automotive Skills Development Council (ASDC), said that the trajectory for EVs has seen a tremendous rise. Lahiri also pointed out that the major issue in training about new technology is the infrastructure.
Another challenge that Lahiri mentioned is about apt trainers, for which he also suggested that academia and industry need to work hand in hand.
There are multiple players who are linking the automotive industry with technology. Sankalp Sinha, Business Development Executive - Automotive Industry, IBM called ‘data a digital gold’. Sinha informed that nearly 25 terabytes of data is being generated by machines, operators and factories, ‘‘And the way this raw data converted into actionable insights add value chain to the organisations.’’
Every sector has a few pioneers who introduced a new phenomenon that turned out into a trend. While highlighting her organisation’s take, Reeti Nageshri, Head of Product & Strategy – Electric SUVs, Mahindra & Mahindra said that Mahindra always strives to bring innovation and latest technologies to the industry. Nageshri also mentioned that Mahindra & Mahindra emphasises on the psyche of the consumer before designing the cars.
India faces ample numbers of road accidents everyday, hence changes in the driving technology need to be called out.
Amit S Kumar, Sr. Director – Marketing, Netradyne Technology outlined the role of human error in occurrence of these accidents and pointed out that AI can play a positive role in monitoring the external ecosystem and drivers. The current trend of automation of the automobile industry is becoming potential enough not just to benefit the organisations but can also play a vital role in saving lives on roads.
The Panel was moderated by Ravi Chandarana, Co-founder & CEO of Kwik Fix Auto, during the BW Auto World 40 Under 40 Summit & Awards 2024.
