All posts filed under: Technology

Dream to Reality: The Monetization of Autonomous Cars

By: Madhav Ramesh What are the benefits to autonomous vehicles and how are companies going to make money from these new inventions? Autonomous cars are no longer a fantasy. Analysts expect a massive boom in the autonomous vehicle industry in the near future, but before that can happen, certain pressing questions need to be addressed.  Can we trust the safety of these cars? How will the introduction of autonomous vehicles shape the economic landscape, and how do we eventually deal with potential disruption in multiple transportation related industries? And how can the developers of the technology, specifically Google, monetize their research? The self-driving car trend has some encouraging statistics but some overwhelmingly negative qualities as well. According to Intel and the Strategy Analytics research firm, the large scale adaptation of autonomous piloting technology could boost the global economy by as much as seven trillion dollars. However, autonomous vehicles could also force about five million truck and taxi drivers out of a job in the United States alone . One of the main obstacles of self-driving cars …