Intel CEO Predicts Data Surge as Firm Invests in Automation
Intel
This story appears in the February 6 print edition of iTECH, a supplement to Transport Topics.
The financial arm of computing firm Intel is investing $250 million in autonomous vehicle technology, targeting three areas that the company’s leader believes will place Intel at the forefront of an approaching wave of change in transportation.
“Just as oil has transformed our world over the last century, data is poised to transform our world for the next hundred years — and beyond,” Intel CEO Brian Krzanich said in a blog post on the company’s webpage, posted in November to coincide with the announcement of the investment.
“When it comes to the car of the future and automated driving experiences, data is literally the new oil,” he said. “Data has the potential to radically change the way we think about the driving experience: as consumers, as automakers, as technologists and as citizens of our communities.”
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In a statement, Intel said the initiative is being handled by its Intel Capital financial division, which since 1991 has invested more than $11.8 billion in nearly 1,500 companies in 57 countries. Of those companies, 214 have gone public globally and more than 400 were acquired or included in a merger, Intel said.
This autonomous vehicle initiative, Intel said, will “drive the development of technologies that push the boundaries on next-generation connectivity, communication, context awareness, deep learning, security, safety and more.”
Drilling down into specifics, the statement highlighted the development of the Internet of Things, or IoT, in transportation; safety technologies that can help mitigate risk while also improving mobility and efficiency, and companies that harness data to improve the reliability of automated driving systems.
| By the Information Technology & Logistics Council |
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