In previous years, the automobile sector has decidedly implemented its relationship with artificial intelligence. As a matter of fact, the sector is turning more and more frequently to AI for raising production efficiency and within the final product itself.
Investments in artificial intelligence are on the rise. Some big companies like Google and Baidu invested around 20 to 30 million dollars in 2016. According to a study by Constellation Research, despite the fact that AI budgets are not yet very large, initial investments have given encouraging results: companies’ expenditure in this field is predicted to grow progressively, with percentages edging closer to 50% for the next 4-5 years.
The automobile sector is no less impressive in this respect. Sector analysts estimate that by 2020, nearly 250 million cars will be connected to the internet. And we are not simply talking about listening to music on Spotify or following developments on social networks. Rather, we will be able to report problems or plan repairs so that dealers can diagnose and correct certain performance problems without the vehicle owner needing to visit the garage.
What's more, according to a recent study by Capgemini entitled “Automotive Smart Factories”, the automobile industry could experience a strong increase in production equal to 160 billion dollars by 2023, all thanks to this kind of investment. Automobile manufacturers predict that 24% of their factories will be smart by the end of 2022. Lastly, the report tells us that the automotive sector boasts the highest percentage of companies who have invested over 250 million dollars in smart factories (49%).
This is only one factor, but it gives us an idea of how our country must be prepared, considering how important an asset the automobile industry is. We need only think of Fiat Chrysler Automobiles , which has strengthened its partnership with Waymo for autonomous driving. At the heart of the FCA evolution is Jeep, which has decided to produce an electric version of all its upcoming models.
So the future seems set in stone and making our services available in all parts of the world is now essential to increase competitiveness and provide a global market with more productive processes.
This challenge has been welcomed by Global Voices, a translation agency that collaborates with the sector's most important brands, including the FCA Group, BMW, Porsche , Mazda, Mercedes-Benz , McLaren, and MINI . Global Voices has a network of highly specialised linguists who ensure technical translations for the automobile sector in over 140 languages, from data sheets and documentation on equipment use, to service and instruction manuals. In addition to using translators who are specialised in the sector’s language and use of specific glossaries, the translation agency also uses translation memories developed for the automotive sector.
This article was originally published in Italian on Finanzaonline.com. Click on the link to find out more!