Artificial Intelligence (AI) is a technology that fuels machines with human intelligence -- machines that have AI capabilities can automate manual tasks and learn on the go just like humans. Such automation gets repetitive and time-consuming tasks under the AI-powered systems that learn with time and can eventually carry out critical tasks and make decisions on their own. Such unique potential drove the transportation businesses to start investing into AI technology to improve revenue and stay ahead of their competitors. Transportation industry has just begun to apply AI in critical tasks however the reliability and safety in transport are still under question. Major challenges in transport like safety, capacity issues, environmental pollution, reliability etc. provide a huge opportunity for AI innovation.
Transportation, the industry that deals with the movement of commodities and passengers from one place to another, has gone through several studies, researches, trials, and refinements to reach where it is now. One of the major milestones in the history of transportation was the steamboat in the year 1787. Prior to this, people relied on animal-drawn carts for their commute. Thereafter, major breakthroughs that led to the growth of the transportation industry were the invention of bicycles (early 19th century), motor cars (in the 1890s), trains (19th century), and aircrafts (1903). Today, the transportation sector has evolved to a level where vehicles can navigate and move without any human assistance.
Just imagine the world without a transport facility! If you want to travel for long distances, how would you go? And, if a leading manufacturing company has to transport goods to its customer locations, then how it will do that without a transport facility? I think you understood the significance of the transportation industry. Do you believe or not history of the initiatives across the transportation industry have exploded in 1787 when steamboat has invented.
Articles about technology and the future of transportation rarely used to get far without mentioning jetpacks: a staple of science fiction from the 1920s onwards, the jetpack became a reality in the 1960s in the shape of devices such as the Bell Rocket Belt. But despite many similar efforts, the skies over our cities remain stubbornly free of jetpack-toting commuters. For a novel form of transport to make a material difference to our lives, several key requirements must be satisfied. Obviously the new technology must work safely, and operate within an appropriate regulatory framework. But public acceptance and solid business models are also vital if a new idea is to move from R&D lab to testbed to early adoption, and eventually into mainstream usage.
Welcome back to our "Life in 2050" series! In previous installments, we looked at how accelerating change and environmental issues will affect the future of warfare, economy, education, everyday living, and space exploration (in two installments). Today, we look at how people will get from A to B by mid-century, whether it's across town, from one city to the next, or one continent to the next. Transportation is another sector that is expected to undergo a major revolution in the coming decades. In several respects, this revolution is already underway thanks to the introduction of autonomous vehicles, the wide-scale adoption of electric vehicles, the growth of renewable energy, and the advent of commercial spaceflight. Between now and 2050, these technologies and trends will accelerate and lead to the creation of new transportation infrastructure, radically different from what we know today. Of course, the infrastructure of tomorrow will be built on existing transportation networks.