Artificial Intelligence and Data Science in the Automotive Industry

09/06/2017
by   Martin Hofmann, et al.
0

Data science and machine learning are the key technologies when it comes to the processes and products with automatic learning and optimization to be used in the automotive industry of the future. This article defines the terms "data science" (also referred to as "data analytics") and "machine learning" and how they are related. In addition, it defines the term "optimizing analytics" and illustrates the role of automatic optimization as a key technology in combination with data analytics. It also uses examples to explain the way that these technologies are currently being used in the automotive industry on the basis of the major subprocesses in the automotive value chain (development, procurement; logistics, production, marketing, sales and after-sales, connected customer). Since the industry is just starting to explore the broad range of potential uses for these technologies, visionary application examples are used to illustrate the revolutionary possibilities that they offer. Finally, the article demonstrates how these technologies can make the automotive industry more efficient and enhance its customer focus throughout all its operations and activities, extending from the product and its development process to the customers and their connection to the product.

READ FULL TEXT

page 2

page 3

research
06/28/2020

Data Science: Challenges and Directions

While data science has emerged as a contentious new scientific field, en...
research
04/06/2023

Modelling customer lifetime-value in the retail banking industry

Understanding customer lifetime value is key to nurturing long-term cust...
research
06/10/2020

Data science on industrial data – Today's challenges in brown field applications

Much research is done on data analytics and machine learning. In industr...
research
09/02/2021

Data science and Machine learning in the Clouds: A Perspective for the Future

As we are fast approaching the beginning of a paradigm shift in the fiel...
research
04/28/2021

AI Enabled Data Quality Monitoring with Hydra

Data quality monitoring is critical to all experiments impacting the qua...
research
07/22/2019

Application of Data Stream Processing Technologies in Industry 4.0 – What is Missing?

Industry 4.0 is becoming more and more important for manufacturers as th...

Please sign up or login with your details

Forgot password? Click here to reset