How Self-Driving Technology Will Change These Three Industries

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Self-driving vehicles are set to significantly change urban mobility and have a momentous impact on economies around the world. The shift from human-driven vehicles to autonomous vehicles will not only offer convenience and safety incentives to drivers and commuters but also create benefits for the environment and society. With tech companies and automakers racing to develop and bring the safest and reliable self-driving technologies to the market, this shift is fast becoming a reality. In fact, Google, Uber, Tesla, GM, and Waymo are some of the companies taking the lead in developing and advancing this highly anticipated innovation.

It’s worth mentioning that cars and automobiles are a huge part of people’s daily lives, society, and the economy in general. And as self-driving technology advances, there’s no doubt it will impact industries and businesses around the world. Among the industries that are most likely to be impacted are the auto insurance industry, the manufacturing industry, and the hospitality industry. Here’s how self-driving technology will change these three industries.

Auto Insurance

One of the biggest debates and questions surrounding self-driving vehicles is how they’ll impact the auto insurance sector. The National Highway Traffic Safety Administration reports that 94 percent of motor vehicle accidents are caused ...


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