Innovations Expected To Make Driving A Worthy Experience

BY JACKIE EDWARDS

The demand for automotive engineers was set to rise by 18700 in 2018, according to a survey by the Recruiter. This is not a shocking statistic considering that the automotive industry is one of the greatest markets in the world. The constant application of science to daily life in the form of innovations like machine learning is once again showing up in the manufacturing of cars. Cars are getting sleeker, more intelligent, and highly accommodating with each update. New innovations continue to improve the driving experience now and for the future.

Autonomous Vehicles

Also called self-driving cars, autonomous vehicles are finally here after decades of research and test drives. A self-driving car means you can have a hands-off experience on the highway. With the latest car diagnostic tools, it is only fair you have the best car to test them on. The level 3 automated driving Audi A8 is just the first of many. The science behind this amazing feature is a combination of sonar, GPS, radar, laser scanners, odometry, Lidar, and inertial measuring units. A combination of these features ensures that the car senses its environment, including the road structure, other road users, and approaching cars to adjust its speed. It may be a while before these cars are allowed on roads without a driver though.

Biometric Vehicle Access

Gone are the days when a key could help you access your car, and so are the days when you could break into a car using a hanger. The existing radio frequency key fob technology is awesome, but biometric vehicle access is even cooler. During its launch in the 2018 North American Auto Show, the Nissan XMotion showcased its fingerprint scanner that opens the door. Your car basically starts when you touch it. Biometric technology is already used in connected cars, and will be seen in more mainstream and futuristic cars in the coming years.

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How Augmented Reality Invaded the Banking and Food Industry

“55% of consumers would like to be able to point their phone at any object and receive information about it.”
                              ~ Research from Mindshare

There was a time when television was the best tool to make viewers feel the physical experience of something from their bed. And today augmented reality (AR) has set the stage for marketers to enhance the interaction with their target customers in a really different and effective manner. It engages the users to deliver a more compelling experience that can boost your product offering.

Every business is working on some form of augmented reality today for their product or brand enhancement. It is expected that by the year 2024, AR products global market will take a jump by 80% and will reach $165 billion. Augmented reality engages the customers and enhances the customer experience.

With the help of this blog, we will present a few examples of businesses who are successfully engaging their customers via augmented reality throughout their customer journey.

Banking becoming More Interactive

No matter how exceptional or efficient is the system of any bank, the most important thing that a user expects is the end result – an outstanding experience.

The banking industry has embraced digital technology with an aim to boost customer service. Internet banking, mobile banking, and pay banking are a few technologies that banks are providing to their customers. But how exceptional it will be if banks start to provide the detailed information about the account balance, payment due dates, credit/debit card balance, and so on just by scanning the card of the customer.

Yes, all the above-mentioned features are possible today with the help of this extremely useful technology in the banking sector – Augmented Reality. Banking sectors, today, are constantly shifting towards using AR technology to enhance the experience for customers

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How Computer Science is Revolutionizing the Housing Market

by Jackie Edwards

House sales in the US are surpassing all expectations, reaching a high since last November and jumping 6.7% between April and May of this year. This is of course down to a number of factors, but one that is often overlooked is the role of technology. With rapid advances in computer science, the way we find and purchase a new house is changing. Some of the changes involve the boring, but important financial stuff, while others are a bit more exciting. All taken together though, technological progress could explain why home ownership is increasing across the country.

Easier Transactions

Back in the days when cash was all we had, buying a house was a difficult process. Even sending checks in the mail was a burden that slowed everything down. This made the purchase of a property extremely cumbersome. With the digitization of money, we are overcoming this obstacle. Bank transfers can now be made in an instant and monthly payments can be sent automatically.

The US is behind in the adoption of online payments, however. While just 3% of Americans have used contactless payment in the past month, this number rises to 54% among British consumers. Digital transactions are so popular across the pond that HM Land Registry (the government department which registers property ownership) aims to digitize and automate 95% of transactions by 2022. It’s all about efficiency, so homes can be bought and registered quickly and cheaply.

Cutting Paperwork and Middlemen

With a similar goal in mind, tech is helping to change property purchases by cutting out unnecessary stages in the buying process. The internet allows direct communication between landlords and tenants, as well as house sellers and buyers. The role of the estate agent is being replaced by a computer algorithm, meaning fewer people to deal with and, in turn, fewer people to pay. Buying a house online requires no paperwork or even a need to schedule a meeting. The terms and regulations of the transaction can be emailed as a PDF attachment and returned signed within minutes.

Virtual Viewings

So that’s the boring (but important) stuff out the way, but how is technology making home buying fun again? One way is with the incorporation of virtual reality. One of the problems with purchasing a property is that it must be viewed multiple times by potential buyers, which means coordinating an appropriate time between house hunter, real estate agent and the current occupiers of the home. To do this several times, when people are busy with work and social commitments can cause difficulties. Airbnb is leading the way in solving this problem, by aiming to create virtual viewings of their homes, with the help of headsets to reduce the need to travel. This is especially useful for properties in a far away town or overseas.

Computers are affecting almost every area of society, but the housing market could be most impacted. It is now easier than ever to buy a home, with costs being cut to make it more affordable for those on low incomes. The ease at which payments can be made combined with the chance for virtual viewing increases convenience for everybody involved.