IIC Journal of Innovation 11th Edition | Page 67

So, you think you have an AI strategy? Think again. and services. As the Verge 16 noted, “Intel’s study offers a few interesting predictions for autonomous vehicles and how a combination of mobile connectivity, population density in cities, traffic congestion and subsequent regulation, and the rise of on-demand ride-hailing and car- sharing services will be the catalysts in this new economic era.” $1B investment from Toyota, Denso and Softbank. 14 Step 4 – What are the growth prospects? The next step is “why should we go there.” According to analysis 15 by Strategy Analytics in Figure 7, sponsored by Intel, the total economic impact of AV will be on the order of $7T for consumer and business products Figure 7: Market Opportunity for AV Related Products and Services AVs to be through ridesharing. We also expect them to take longer than it took for Due to market and technology complexity, we expect key drivers for mass adoption of 14 https://arstechnica.com/cars/2019/04/toyota-leads-1b-investment-in-ubers-self-driving-tech/ 15 https://newsroom.intel.com/newsroom/wp-content/uploads/sites/11/2017/05/passenger-economy.pdf?cid=em-elq- 26916&utm_source=elq&utm_medium=email&utm_campaign=26916&elq_cid=1494219 16 https://www.theverge.com/2017/6/1/15725516/intel-7-trillion-dollar-self-driving-autonomous-cars - 63 - June 2019