Sunday, March 15, 2015

Creative destruction: Self-driving cars

Fast Company article "Self-Driving Cars Will Be The Biggest Auto Safety Innovation Ever" here states:

"… autonomous vehicles could reduce traffic accidents by 90%, according to a new report from McKinsey. In the process, our new robot cars will save us $190 billion in wrecked cars, broken bones, and other costs incurred by plowing into things with our current fleet of brain-driven cars."

Large corporations are incremental improvement bound.  Let's remember that the self-driving car did not emerge from any of the large automotive companies.  I am looking forward to the automotive future.  It will disrupt the complete supply chain associated with automotive.  Schumpeter's Creative Destruction will manifest itself here rather quickly.

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