Autonomous driving companies need to make sure the technology works and that business models can actually make money, according to World Economic Forum's Michelle Avary.
The autonomous vehicle industry faces two big challenges it needs to overcome — technology and business models that can make money, according to Michelle Avary, head of autonomous mobility at the World Economic Forum.
Avary explained that companies in the space must ensure the technology actually works — that it can identify objects and then understand how to move around them.Close-up of self driving minivan, with LIDAR and other sensor units and logo visible, part of Google parent company Alphabet Inc, driving past historic railroad station with sign reading Mountain View, in the Silicon Valley town of Mountain View, California, with safety driver visible, October 28, 2018.
But the industry has two big challenges it needs to overcome before self-driving cars become widespread — technology and business models that can make money, according to Michelle Avary, head of autonomous mobility at the World Economic Forum. "We've got a couple of big challenges in front of us. The first, obviously, is a technological challenge," Avary told CNBC's Geoff Cutmore and Arjun Kharpal at"Really making sure that the technology is working in the areas of perception, which is vision — being able to identify objects and then understand how to move around them. That has yet to be solved."
The industry relies on collaboration and sharing of data among companies to build the technology. If the ongoing trade tensions between the
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