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Hyundai Set To Secure Its Position In Next-Gen Mobility Space With Updated Business Strategy, Says GlobalData

Hyundai Set To Secure Its Position In Next-Gen Mobility Space With Updated Business Strategy, Says GlobalData

Hyundai Motor has updated its new roadmap—‘Strategy 2025’, to accelerate transition into a smart mobility solution provider and secure its position as a frontrunner in the future mobility industry. Following this news, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, his view:

“Hyundai in the recent past has emerged as a key global automotive OEM with omnidirectional strategic approach. Despite being impacted by COVID-19, the company has made several key developments this year in the area of future and smart mobility solutions through collaboration, partnerships, investments and new product launches across next-gen, EV and smart mobility areas.

The strategy update for 2025 indicates that Hyundai is being very responsive to the dynamic market trends. The company’s focus on electric mobility will support various regional governments’ electrification targets and also help Hyundai to achieve its goals of selling 560,000 EVs annually by 2025. In addition, the company’s increased focus on next-gen mobility i.e., autonomous vehicles, urban air mobility (UAM) and hydrogen fuel cell vehicles will strengthen its roots in the smart mobility solution and services and offer significant competitive benefits in the global automotive market.

With the automotive industry getting more dynamic day by day due to the fast technological advancements, companies need to transform their business strategies to secure their position in the future mobility era, Hyundai seems to be well on track in this direction. The recent developments, which include the introduction of new hydrogen cell brand HTWO, the acquisition of majority stakes in leading robotics company, launching of new dedicated EV platform E-GMP and many others will support Hyundai in achieving its future target of becoming a leading global smart mobility service provider.”

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Enterprise Artificial Intelligence Revenue Will Reach $107.3 Billion Worldwide By 2025

Enterprise Artificial Intelligence Revenue Will Reach $107.3 Billion Worldwide By 2025

Artificial intelligence (AI) is rapidly entering a new phase within the enterprise market, with an increasing number of businesses leveraging AI to turn the massive amounts of process, operational, and transactional data being collected into actionable insights that can improve the way they run their businesses as well as improve customer interactions, according to a new report from Tractica.

Based on the number and variety of pilot programs, proof-of-concept (PoC) demonstrations, and commercial deployments of AI technology already being publicised by enterprise customers around the globe, it is clear that AI is not a fad, but a key part of the technology landscape of today and tomorrow. Tractica forecasts that annual revenue for enterprise applications of AI will increase from $7.6 billion worldwide in 2018 to $107.3 billion in 2025.

“No longer is the discussion of AI limited to science fiction, autonomous vehicles, or Siri; AI is being deployed across a multitude of industries and use cases with enterprises leading the way,” says principal analyst Keith Kirkpatrick. “Thanks to the use of template-driven AI platforms, even a small pilot program can demonstrate real-world benefits. As enterprises are realising, the benefits of AI are even greater when the technology is scaled across the entire organisation.”

Tractica’s report, “Artificial Intelligence for Enterprise Applications”, examines the practical application of AI within commercial enterprises, providing a comprehensive analysis of use cases, business models, market drivers and barriers, technology issues, and the evolving market ecosystem.

 

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Could The Autonomous Plane Tech Race Change The Aviation Industry?

Could The Autonomous Plane Tech Race Change The Aviation Industry?

Worldwide: Plane manufacturers including Airbus and Boeing are aiming to develop artificial intelligence that could one day mean teaching computers to fly planes autonomously.

Currently, commercial flights commonly have at least two pilots in the cockpit—a common practice for several decades. As such, completely autonomous planes might be some time away.

Chief technology officer of Airbus Paul Eremenko has said that the company is developing autonomous aircraft and technologies that will allow a single pilot to operate commercial jetliners.

“The more disruptive approach is to say maybe we can reduce the crew needs for our future aircraft. We are pursuing single-pilot operation as a potential option and a lot of the technologies needed to make that happen have also put us on the path towards unpiloted operation,” said Mr Eremenko in a recent interview with Bloomberg Television.

In addition to autonomous aviation technology being in its preliminary stages, there is also currently no aircraft certified for a single pilot or pilotless flight. Passengers (or their insurers or carriers) might also prove hesitant to accept such technology.

The company is also exploring technologies that will bring more automation to the cockpit of planes that could help resolve the shortage of pilots. This is especially important in emerging markets such as China, which is on track to become the world’s biggest aviation market in less than a decade. Mr Eremenko added that discussions are being held with Chinese companies such as Baidu to find ways to apply self-driving vehicles to the aviation industry.

With an estimated 637,000 pilots needed to fly commercial aircraft globally in the next two decades according to Boeing, Mr Eremenko said that the industry needs to find ways to produce more cockpit crew as only 200,000 pilots have been trained since the start of the aviation industry.

The aerospace industry is seeing a similar trend as the car market, where automakers are investing in or acquiring autonomous driving companies. The venture arm of aircraft manufacturer Boeing, HorizonX, recently acquired Near Earth Autonomy and Aurora Flight Sciences, which specialise in self-driving vehicle technology and autonomous aircraft systems respectively.

Uber Buys 24,000 Cars From Volvo In Autonomous Driving Deal

Uber Buys 24,000 Cars From Volvo In Autonomous Driving Deal

Stockholm, Sweden: Carmaker Volvo has signed a framework agreement with ride sharing company Uber to sell 24,000 sports utility vehicles (SUV) between 2019 and 2021.

“The automotive industry is being disrupted by technology and Volvo Cars chooses to be an active part of that disruption,” said Håkan Samuelsson, president and chief executive. No financial details were disclosed for the purchase.

The carmaker’s engineers have worked closely together with engineers from Uber to develop the XC90 SUVs that are to be supplied. The base vehicles incorporate safety, redundancy and core autonomous driving technologies that are required for Uber to add its own self-driving technology.

Another ride sharing company, Lyft, has entered into a research partnership with Alphabet Inc’s unit Waymo in 2017. The company also secured deals with Ford and startups Nutonomy and Drive.ai to incorporate self-driving cars into its fleet.

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