Tag Archives: automotive industry

Autonomous Vehicles: Job Killer?

According to the 2014 Census data, more than 4.4 million Americans work as drivers. Will autonomous vehicles kill most of these driver required jobs? With the growth and advancement in autonomous vehicle technologies, many Americans are in danger of losing their job or taking significant cuts in their income because a new and convenient technology is taking their place. Autonomous vehicles are expected to reduce labor cost, fuel cost and accidents. The potential savings will outweigh the human cost, especially as companies fight for profit margins. While companies plot to save money in the future through using this new tech …

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Autonomous Vehicle Business Models: How Will You ‘Own’ One?

Google, Uber, and several major automakers are working to bring autonomous vehicles (i.e. self-driving cars) to the marketplace. In mid-October 2016, Tesla announced that three of its models will be fitted with all the hardware needed to be driverless. In September 2016, Uber cars were seen on the streets in self-driving mode. The technology is rapidly maturing, and we continue to see testing of cars with driverless capabilities in some cities.  There has been speculation that autonomous vehicles are the next radical market transformation for the automotive industry, as cloud computing was for the software industry.  The prediction is that …

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