An on-site poll of Just Auto’s readership suggests that a large majority in the automotive sector globally expect Artificial Intelligence (AI) to have a significant impact or huge impact on their business operations in the future.

The snap on-site poll asked readers: How do you think AI will impact your business over the next twelve months?

The multiple choice responses came in as follows:

  • Huge impact and a fundamental game changer – 242 responses
  • Significant impact, but will not alter our performance/strategy that much – 167 responses
  • Minor impact – 135 responses
  • Neutral/no impact – 111 responses
  • Total responses – 655 (poll open to Just Auto readers 3 July to 6 December 2023)

GlobalData analyst Jonathon Poskitt said: “Clearly, AI is going to impact businesses up and down the automotive industry’s value chain – from the supply of raw materials through to final sale and retail.

“It is interesting to note that so many respondents see AI as a potential game changer over a short time horizon. We’re on the cusp of significant change ahead. The winners will be the companies that grasp the nettle of the AI opportunities ahead.”

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According to a report by GlobalData, generative AI is the fastest growing of the five advanced AI technologies receiving the most attention today.

Poskitt adds: “Generative AI can support efficiencies across the automotive sector, from inputs into a broad array of business processes, to customer experience, safety and regulation. This impact will only increase as generative AI becomes more accurate and is able to provide reliable factual advice.”

Report: Code to Machine – Generative Artificial Intelligence (AI) Meets Industrial Sectors