Artificial Intelligence
CANGO Auto View: Developing Auto Intelligence Amid a Worldwide Industry Shift Toward Autonomous Driving
With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) is issuing a bi-monthly industry insight called “CANGO Auto View” to bring readers, drivers and passengers up to speed with what’s on offer in the automobile market, what trends are emerging, and what holes need to be plugged.
Below is an article from the Company’s 4th edition for June 2021.
Auto intelligence and connectivity are the most challenging aspects of automakers’ broader transition toward electrification, intelligence, connectivity, and shared mobility. According to a Deloitte report, there are three main directions for the evolution of automotive intelligence: intelligent interaction, intelligent driving, and intelligent services. Among them, intelligent interaction is the very beginning and core, while intelligent driving and intelligent services are the output in driving operation and service experience. Tech-enabled intelligent driving will be the essential function, while intelligent services centered by connectivity will be the start of new experience and business innovation.
From an OEM perspective, the three paths for developing intelligent connected vehicles (ICVs) are the product development path focusing on autonomous driving technology, the connectivity service development path that supports rapid product improvement, and the intelligent cockpit path prioritizing user thinking. As intelligence and connectivity development of automobiles is highly technical in nature, aside from automakers, it has also attracted the participation of technology giants such as Google, Apple, Alibaba, Tencent, Baidu and Huawei.
EV manufacturer Tesla appears to be a pioneer in ADAS and autonomous driving. Elon Musk said in 2015 that the technology behind a fully autonomous vehicle only takes “two to three years” to develop, and “one to five more years” to obtain approval from regulatory authorities; in October 2015, Tesla launched the “Autopilot” software, which can be installed on compatible Model S, enabling automatic steering, lane change and parking functionalities.
Volkswagen Group, representing traditional OEMs, started the transformation from its luxury car brand Audi. In 2013, Audi became the world’s first carmaker to obtain autonomous driving test licenses in California and Nevada.
Before this, technology company Google’s autonomous vehicle fleet had already been granted autonomous driving test licenses. On May 8, 2012, the Nevada Department of Motor Vehicles issued the first ever self-driving car license to Google’s self-driving car, which was a modified version of Toyota Prius hybrid.
Teaming up with tech companies and component companies has also become a popular strategy adopted by mainstream auto manufacturers in developing auto intelligence and connectivity. BMW formed an alliance with Intel and Mobileye to build a platform based on open standards, so as to launch its self-driving cars to the market. In 2021, BMW plans to complete the development and application of L3 (conditional autonomous driving) to L4 (highly autonomous driving). A representative mass-produced model is BMW iNEXT, will also be equipped with full connectivity that supports 5G and the 5th. generation BMW eDrive technology.
Bosch, one of the world’s largest automotive suppliers, has more than 2,000 engineers working in the research and development of assisted driving systems. The company also cooperates with GPS manufacturer TomTom to provide surveying and mapping data. In April 2017, Bosch and Mercedes announced the joint development of L4 (high automation) and L5 (full automation) cars. Mercedes can exclusively use the jointly developed system for two years before it can be supplied to other car-making competitors.
In April, Huawei published a video of autonomous driving on public roads. The HI version of the BAIC BJEV Arcfox α-S using Huawei’s intelligent automotive solutions started public driving test in Shanghai, which was also the test debut of Huawei’s autonomous driving technology. According to Wang Jun, President of Huawei’s Smart Car Solution Business Unit, Huawei will invest over USD1 billion this year in the research and development of smart cars in 2021, with the R&D team expanded to over 5,000 staff members, of which more than 2,000 will be devoted to autonomous driving.
Also, it is worth mentioning that autonomous driving is also among the key investment directions of ride-hailing companies. In March 2017, Didi Chuxing opened its own AI laboratory in the heart of Silicon Valley, starting a business unit to drive research and development of its intelligent driving system and AI-based road safety system. In February 2018, Didi Chuxing showcased a working self-driving car for the first time, claiming to have developed software for the car and worked with various car manufacturers and suppliers in hardware.
In terms of Internet of Vehicles (IoV), General Motors is undoubtedly one of the first mainstream car manufacturers to have made early investments. GM launched OnStar on three Cadillac luxury models as early as November 1996. In December 2009, Shanghai GM launched the OnStar service – first in Cadillac, and now expanded to Buick and Chevrolet.
In 2009, Toyota embedded the G-BOOK co-driver intelligent communication system in its luxury vehicle division Lexus and brought it to the Chinese market. Before that, Ford released the SYNC in-vehicle communications and infotainment system at the North American International Auto Show in 2007.
In April 2021, SAIC-GM showcased its new pure electric platform Ultium, a new generation of Vehicle Intelligent Platform (VIP) intelligent electronic architecture, and the continuously iterating and evolving Super Cruise super-intelligent driving system. By 2025, SAIC-GM will have launched more than 10 domestic NEVs based on the Ultium platform, covering its three major brands of Buick, Chevrolet and Cadillac.
Over the next 5 years, the Super Cruise super-intelligent driving system will cover most of the Cadillac models, and will gradually be applied to future new models of Buick and Chevrolet; the intelligent lane-center cruise function will be applied to more than 80% of the models by all three brands, and all of the Ultium platform models.
Circling back to Volkswagen, in 2020, the company began to cooperate with Deutsche Telekom in data communication services. Volkswagen is also talking to other network operators to help users add a network data service item when using the new technology. The second generation of Volkswagen’s Car-Net connected car services as rolled out in collaboration with ride-hailing companies to provide car owners with point-to-point shared mobility services, which is also part of VW’s future plan.
In the Internet era, future generation of automobiles will establish vehicle-to-vehicle communications, effectively eliminating car collisions. The development of ICVs will also enable communications and connections between cars and people, cars and roads, cars themselves, and cars and the outside world, so as to achieve intelligent dynamic information services, intelligent vehicle control and intelligent traffic management. It will also involve voice interaction solutions, traffic data collection, traffic resource allocation modes, big data and cloud computing solutions, and even updates and compatibility with service providers such as shops, parking lots, and transportation hubs. The time has come for “software-defined vehicles.”
Chinese companies are also accelerating the roll-out of future-facing products and businesses, promoting innovation in automotive products, technologies and services.
Among them, Geely Automobile has started its transformation towards a technology-based enterprise since 2018. The newly released GKUI 19 intelligent ecosystem is equipped with E01, the first mass-produced automotive-level high-performance chip with self-led development and deep customization. Great Wall Motors’ intelligent connectivity system Haval, has been iterated and upgraded to Version 3.0, co-developed by the Haval brand and international service providers such as AutoNavi, Tencent, Bosch and Sharp. Changan Automobile continues to implement its intelligent “Dubhe Plan” by continuously promoting the “4+1” activities by 2025, with 100% smart cockpits, L4 mass production and sales, and software technology talents amounting to 5,000. Dongfeng Nissan also launched the “Smart Travel+” car connectivity system together with its partners including China Unicom, AutoNavi Maps, iFlytek, Moji Weather, Kuwo Music, Koala FM, Alibaba Cloud, Tencent, Hangsheng Electronics and Lan-You Technology.
The world’s major car companies are all embracing the four new trends of electrification, intelligence, connectivity, and shared mobility now, and before we know it, the new age of automobiles will be upon us.
Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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WESTFORD, Mass., April 25, 2024 /PRNewswire/ — The growing need for automation, technological developments, and long-term cost reductions are driving a robust expansion in the worldwide robotics market. SkyQuest projects that Global Robotics Market size is poised to grow from USD 41.50 Billion in 2023 to USD 126.96 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).
Download a detailed overview:
https://www.skyquestt.com/report/robotics-market
Browse in-depth TOC on the “Robotics Market”
Pages – 202Tables – 64Figures – 75Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$41.50 billion
Estimated Value by 2031
$126.96 billion
Growth Rate
Poised to grow at a CAGR of 15%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application, End Users, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Collaborative Robotics
Key Market Opportunities
Prompting Several Industries to Adopt Automation Technologies
Key Market Drivers
Increasing Demand for Automation
Surge of Automation is Supporting Growth of Robotics Industry
The industrial sector is generating high revenues for the global robotics market owing to extensive automation in manufacturing, which increases productivity and lowers overall production costs. Assembly line, painting, and welding robots have become essential, thereby propelling substantial market expansion in the automotive, electronics, and heavy duty sectors. Due to the increased usage of robots for non-manufacturing functions such as customer service, shipping, and healthcare, the services sector is expanding quickly. This rapid growth is being driven by technological improvements and the push for automation in services.
Surge in Advance Robotics is Bolstering Market Growth
The use of robotics in manufacturing processes is growing, and innovation in this field is happening quickly worldwide. By increasing productivity, efficiency, and precision, advanced robotics technologies—such as AI-driven automation systems and collaborative robots, or cobots—are transforming the manufacturing sector. The dominance of manufacturing in the worldwide robotics market is fuelled by the integration of robotics into manufacturing facilities, which helps businesses remain competitive in today’s dynamic market scenario.
Rising Interest in Service Robotics is Driving Demand for Robotics in Asia Pacific
Due to the strong demand for industrial and service robots in the region, Asia Pacific now leads the global robotics industry. China, Japan, and South Korea are among the nations that have made significant investments in the robotics sector recently. The Middle East and Africa are anticipated to register the fastest-growing rate for the global robotics market. The expansion is ascribed to the region’s growing adoption of automation technology, especially in the manufacturing and logistics industries.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/robotics-market
Drivers:
Increasing Demand for AutomationAdvancements in AI and Machine Learning TechnologiesRestraints:
High Initial InvestmentsLack of Skilled WorkforceProminent Players in Global Robotics Market:
FANUC America Corporation (US)Epson Robotics (Japan)Staubli International AG (Switzerland)YRG Inc. (US)Comau S.p.A. (Italy)Northrop Grumman Corporation (US)Honda Motor Co., Ltd. (Japan)Seiko Epson Corporation (Japan)Yamaha Motor Co., Ltd. (Japan)Adept Technology, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/robotics-market
Key Questions Answered in Global Robotics Market Report
How big is the global robotics market, and what compound annual growth rate (CAGR) is it anticipated to deliver between 2024 and 2031?Which industries are fuelling the need for automation and fostering the expansion of the robotics sector?What impact have recent technological advancements and innovations had on the direction of the robotics market?Which well-known companies in the robotics industry are also major players in the global robotics market?This report provides the following insights:
Analysis of key drivers (increasing demand for automation across industries, improved the overall efficiency, productivity of the processes, demand for automation), restraints (high initial investments, difficult for small and medium-sized enterprises to invest, robots, sensors, and other equipment required not delivered), opportunities (advancements in AI and machine learning technologies, new opportunities for the robotics market, perform complex tasks with high accuracy), and challenges (lack of skilled workforce, maintenance of these robotics systems) influencing the growth of robotics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the robotics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the robotics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Service Robotics Market
Global Soft Robotics Market
Global Warehouse Robotics Market
Global Cloud Robotics Market
Global Robotic Welding Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
View original content:https://www.prnewswire.co.uk/news-releases/robotics-market-to-surpass-usd-126-96-billion-by-2031–skyquest-technology-302127230.html
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