In this research article, Curtis Cifuentes, one of Platinum’s long-time investment analysts for the technology sector, explores the key technological developments that have contributed to the gestation of self-driving cars, the possible direct and indirect impacts autonomous vehicles (AVs) may have on a range of industries as well as some of the broader
societal implications they may bring about.
Driverless vehicles to end public transport - NSW Transport Minister
March 19, 2017
NSW Transport and Infrastructure Minister Andrew Constance has claimed advances in technology, such as autonomous vehicles and artificial intelligence, will mean governments will soon cease to provide commuter transport services.
Google has reportedly shelved its long-standing plan to develop its own autonomous vehicle in favor of pursuing partnerships with existing car makers. The firm is already working with Fiat Chrysler, per a partnership announced in May, and that could be the start of others to come.
Rio Tinto is implementing driverless trains
May 13, 2016
BHP & RIO are implementing driverless trains in the Pilbara to haul iron ore.
Stakeholders likely to be disrupted by self-driving vehicles
April 24, 2016
Volumes have been written about the possible beneficial (and negative) effects of self-driving cars and systems. But few have studied what industries will be disrupted by the transformations as self-driving devices begin to provide for our transportation needs.
The stakeholders are numerous and the effects can be devastating. Think secretaries, airline reservationists, and all the others disrupted during the emergence of the digital era. The transition to self-driving vehicles and car-sharing systems is likely to cause similar worldwide disruptions. Self-driving vehicles are penetrating a wide variety of industries - from factories to warehouses to underwater and into the skies. For the purposes of this article, the focus will be on cars, trucks and public transport.
Consider the insurance industry. If accident rates go down by 90%, as many are predicting, premiums will need to go down too because the reserves for payouts, which are built into the rates, will go down as well. Also there will likely be fewer insured drivers and car owners thereby lowering the pool of insured people.
Consider hotels and motels and their real estate values and employees - particularly those along the major highways. Why stop at a motel when you can sleep comfortably in a long-haul driverless car? This will likely effect short-haul airlines and airline employees as well.
Think about professional drivers - truckers, taxies, limos, buses, shuttles. It is expected that many will be replaced by on-demand point-to-point self-driving devices. The list goes on and on.
"Rio Tinto has rolled out fully automated driverless truck fleets at two of its iron ore mines in the Pilbara in Western Australia, in what it says is a world first. The Anglo-Australian miner is also trialling driverless trains and deploying autonomous drills in the region as it embraces new technologies to cut costs and boost safety."