What You Should Know About Attorneys This Year
Companies That Are Under Threat from Driverless Cars
In the next twenty years, there could be a major change in the world owing to the idea of technological savvy of producing driverless cars. The notion of developing automated cars is achievable in less time than we thought. If this becomes a reality, it will be one of the highest innovations in the technology world ever seen. Whereas some industries will be hurt by this innovation, the automobile and technological establishments will gain a lot of profits from it. A lot of sectors in the country will be forced to adjust or peter out. There nevertheless will be the ones which will bear the biggest brunt.
This advancement will greatly affect the insurance sector. Implementation of the vehicles without drivers will be determined by their safety. Technological hitches cannot be tolerated unlike in human scenario since an accident from a technological system can be disastrous. This means that, as time progresses and the safety of the cars is guaranteed, fewer people will see the need for motor insurance. This will directly affect revenue for motor insurance companies who will record losses as well as lawyers who represent car accident victims.
The professional driver will most likely be affected by the innovation. The announcement has been done by Uber Chief Executive Officer about their plans to phase drivers for the automated cars, after its launching. With this becoming a reality, the demand for professional drivers will go down which will affect all types of drivers from, truckers to taxi drivers, ambulance drivers and anyone else who does it for a living. This is because this type of technology will allow companies to manage their fleets and enhance efficiency with reduced costs. Humans, however, will operate this technology but will slowly get phased out and retain the minimum number possible.
The realization of this innovation will influence the hotel industry negatively. This industry has gone through some difficult situations, and this will only make the matters worse. In many cases, when people are driving, and they get tired, they seek a motel or a hotel to relax over the night. This has created heaps of profit for the hotel industry sector. Use of hotels for resting overnight will diminish with the launching of the autonomous vehicles. Travellers will rather stay in the vehicles throughout the night for the night. This will save them money and time which is a very valuable commodity.
Airline businesses are among the enterprises that will have profit losses. This is especially for the airlines that deal with local flights. People normally use airplanes to fly domestically so as to save on time spent on the road and to get tired. A traveler that uses a driverless car is guaranteed of a safe journey, and thus they also have enough time to prepare for meetings.