innovation to watch: driverless car
DESCRIPTION
U.S. CEOs in the 17th Annual PwC CEO Survey are finding reasons to be more confident in many places. Our findings indicate that US CEOs are looking for, and finding, new sources of value and innovation, such as the driverless car. More: http://www.pwc.com/us/en/ceo-survey-us/index.jhtml?WT.mc_id=cs_us-hero-home_US-CEO-Survey-2014TRANSCRIPT
© 2014 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the United States member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
www.pwc.com/us/ceo-survey-us
Source: PwC, The future of mobility, October 2013.
Utilities could have new opportunities around charging stations
gasoline sales may decreased
Real-time feedback could help make
• Social aspects of mapping and
• How they compare to other drivers
More accurately priced insurance coverage with more data
Auto insurance could shift to pay-as-you-go
Insurers’ payouts could drop with fewer accidentsAutomakers could bundle insurance with vehicle sale
Less demand for emergency services
Taxis could disappear
Automotive
Reimagined retail infrastructure and dealer networks
Fewer accidents = fewer replacement parts
Car could radio ahead based on real-time driving data
Scheduled maintenance on-demand auto service
Vehicle diagnostics could change owners’ maintenance behavior
Fewer cars means less demand for raw materials
Demand for cars could decrease
Vehicles could be matched to a particular trip
Ownership models could shift
• shared vs owned
Health industries
Fewer emergency room visits
Drop in car-related injuries
Technology and media
Fewer accidents = fewer repairs
Increased use of mobile data = transportation logistics
New skills for new vehicle technologies developed
Carmakers could open their cars to app developers
The car could become an OS platform
Financial servicesand insurance
Power andutilities
Public sector andservice industries
Safety in numbers*
KeyAutonomous driving could result in
4.95M fewer US accidents
77-90%of all accidents are caused by human error
Autonomous driving could save about
$450B in annual US accident-related costs* Chunka Mui and Paul B. Carroll, The New Killer Apps:
How Large Companies Can Out-Innovate Start-Ups, 2013.
Revenue increase Revenue decrease Fundamental change
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How the driverless car could change everything