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Computer Driven Autos Still Years Away Despite Massive Investment – Forbes

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Despite the hype that liberation day will dawn soon and cars will drive themselves, there’s no realistic chance that full-on self-driving will be available before 2030, and then only in a tiny number of top-of-the-range sedans and SUVs, according to consultancy Accenture

ACN
.

The world’s biggest auto manufacturers have poured billions of dollars into trying to perfect the technology. Despite impressive results, autonomous driving technology still can’t be relied on to handle really complex situations, and won’t any time soon.

Axel Schmidt, who leads Accenture’s automotive division globally, said in an interview autonomous vehicle (AV) technology had not advanced as quickly as expected.

“By now many expected that we’d see robotaxis driving around, but the problems are very complex. Driving on the highway when all the cars are going in the same direction is much easier than handling inner-city traffic. And much of the early research was done in California where there’s not much rain, fog or snow. In Europe’s all-weather conditions the problems were all a bit underestimated with things like snow blocking road markings,” Schmidt said.

He said as the technology moved from level 1 and 2 competence, which covers simpler tasks like emergency braking, approaching traffic warnings, steering assistance and early connectivity, this still relied on the driver taking full responsibility for the car’s actions. Higher levels though mean that responsibility reverts to the manufacturer. Level 5 assumes total control by the computer with no steering responsibility for humans.

That currently is a bridge too far for the manufacturers, not to mention lawyers.

In a report, Accenture said many traditional carmakers, as well as new entrants, had taken a bold position and projected fully self-driving cars by 2025. That’s not going to happen, unless the technology can mimic human common sense.

“We expect that, by 2030, 60% of all new cars will be equipped with Level 2 features. The flip side is current systems are not robust enough to navigate cars autonomously in real-world traffic – arguably due to missing common sense. For example, an algorithm cannot distinguish between a real traffic sign and one that’s – for us humans – obviously manipulated,” the report said.

“Driven by high costs, we expect that even the share of premium cars with Level 3 or 4 will only account for about 5% of the total market by 2030. Mission impossible: Level 5,” it said.

Pedro Pacheco, senior research director at Gartner

IT
Group agrees.

“We won’t see L5 before 2030. Undoubtedly, some companies will try to generate some hype and claim they have it. However, having a L5 system that can drive from door to door in the whole of Europe and North America at least, for at least 80% of all itineraries and with 0 accidents and disengagements is something that we definitely won’t see this decade,” Pacheco said.

“Now if you want to have a L5 driving on a straight line through the middle of the desert, that’s much easier,” Pacheco added.

As well as the huge complexity of the autonomous driving task, major manufacturers have found other important issues which required additional capital and attention, including the production hiatus because of the coronavirus pandemic, sustainability, and government green deal requirements.

Accenture’s Schmidt said there are self-driving tasks which can be accomplished now. You could automate the movement of cars from production line to parking lot, or long-distance truck driving, parts of which could be easily automated.

But when autonomous driving is finally available, the industry faces some big decisions. Will the industry be driven by current manufacturers, mobility providers like UBER, new technology entrants like Apple

AAPL
, Google

GOOG
or Amazon or infrastructure players?

Schmidt said when Level 5 is achieved there will be big opportunities for businesses, driven by apps which can design travel plans to maximize mobility efficiency.

“With AV, we probably won’t see domestic flights as we see a seamless intermodular mobility system. For instance, I’d take a TGV (high speed train) from say Paris to Nice, drive to a town in the countryside in an AV. In the morning, I’d use an e scooter to get to the bakers. There would an app which would book these choices based on current traffic data, and my historic choice of travel, like Amazon today knows your buying habits,” he said.

This new world of mobility is up for grabs, according to Schmidt.

“There will be a big shift in how to handle mobility in the future. Who will be the coordinator and owner, the auto manufacturers, big tech companies, infrastructure companies, fleet operators, or maybe partnerships?

 Will any manufacturers fall by the wayside in this upheaval?

“The race is on and there will be new players like Apple. It will be a much harder race and probably not all will survive. Breakthroughs are possible. Look at how Tesla

TSLA
has shaken up the traditional 100-year old industry,” Schmidt said.

These experts were interviewed ahead of the Mobile World Congress  in Barcelona, Spain from February 29 through March 3.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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