- Automakers are spending billions of dollars on self-driving technology, but even if they have to buy autonomous systems from other companies their investments may not be a waste, experts told Business Insider.
- Automakers will need significant expertise to make sure their vehicles work in harmony with self-driving systems.
- And it’s unlikely auto companies will use just one self-driving system for their vehicles.
- Instead, it will be wiser to use two different, redundant systems that can confirm what the other sees or keep the vehicle operating if the other breaks down.
As the age of self-driving vehicles approaches, the auto industry may be facing the most significant transformation in its history.
Once cars are able to drive themselves, the relationship between auto companies and their customers will change, as vehicles will be just one piece in a larger network of services, rather than an all-purpose transportation solution used exclusively by a single owner.
That means traditional auto companies have to make one of two difficult choices as they plan for the future, according to Matt Trotter, the managing director of hardware and frontier technology at Silicon Valley Bank.