So, you think you have an AI strategy? Think again.
Figure 12: Status of AV Legislation across the United States
the lack of standardized federal or state laws
around AVs. In terms of insurance rates, the
CAS AVTF published research 40 around the
lack of standards for AV insurance
premiums, liability systems and assessing
risks. 41 “There is no standard, and every
manufacturer is going about this in a
different way, so to try to normalize all these
data sets from all these manufacturers is
going to be of extreme importance,” says
Ash Hassib, senior vice president and general
manager of auto and home insurance for
LexisNexis.
According to the Bureau of Labor Statistics,
there are 3.8M people who operate motor
vehicles for their job 42 . Analysis by Goldman
Sachs indicated these jobs are at risk, and job
losses could result in 25K jobs lost per month
or 300K jobs lost per year. 43
Finally, AVs will sense, monitor and track not
only internal but external movements of
people and things. So who owns and controls
the data? According to ECMAG, 44 “In 2017,
the
Safely
Ensuring
Lives
Future
Development and Research in Vehicle
40 https://www.carriermanagement.com/features/2018/06/19/180750.htm
41 https://www.casact.org/pubs/forum/18spforum/01_AVTF_2018_Report.pdf
42 https://www.bls.gov/ooh/transportation-and-material-moving/
43 https://www.cnbc.com/2017/05/22/goldman-sachs-analysis-of-autonomous-vehicle-job-loss.html
44 https://www.ecnmag.com/article/2018/08/data-security-and-privacy-connected-car-age
IIC Journal of Innovation
- 70 -