Here is my presentation on self-driving vehicles

1. Self-Driving
Vehicles
Paul Young CPA CGA
April 19, 2021

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Costing and Profitability Solutions
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Customer Success Management
Contact information: paul_young_cga@hotmail.com

3. 3
Agenda
• Market Outlook
• Self-Driving Vehicles / Adoption
• 5G and Connected Vehicle
• Insurance / Self-Driving
• New insurance Reporting / accounting standard
• MEC
• Maximo and Cognos Analytics

4. 4
Market Outlook –
Self-Driving
Vehicles
Source -
https://www.laserfocusworld.com/test-
measurement/article/14197547/autonom
ous-vehicle-technology-shifts-to-a-more-
realistic-gear

5. 5
Market Outlook –
Self-Driving
Vehicles
Source -
https://ca.finance.yahoo.com/news/global
-autonomous-vehicles-market-2021-
143700732.html

6. 6
Self-Driving / Adoption - Risks
Source - https://www.actuaries.org.uk/practice-areas/general-insurance/research-working-parties/risk-
considerations-autonomous-vehicles or https://www.iotforall.com/dangers-of-autonomous-vehicles-
worldwide-adoption
1. Obstacles to Sensors - Autonomous vehicles use multiple sensors to interact with the environment around
them. This helps to detect objects like pedestrians, other vehicles android signs. Cameras can also help the
car view objects and understand the distance between the vehicle and anything in its path. Radars can also
chart the speed and direction of other vehicles and objects.
2. Cybersecurity Fears - There may be widespread concerns about the safety of autonomous vehicles in
technical understanding and reacting to obstacles. Still, there’s also a significant danger that the
interconnected vehicles could become the victim of cyberattacks.
3. Complexity of Insurance - There’s a whole host of financial issues attached to the rollout of autonomous
vehicles. The matter of insurance and where the responsibility lies should accidents occur, a big hurdle to
overcome. Traditionally, drivers pay insurance for their cars to cover any accidents taking place. Still, when a
vehicle is entirely autonomous, there’s no reason for an owner to pay out when it’s likely to be the fault of the
vehicle itself. The arrival of self-driving cars will spark a reformation of how owners pay for their cars. If
insurance falls on the manufacturer, it could see the costs of vehicles rising further. In a world that’s become
more accustomed to purchasing vehicles on HP or PCP finance, the complexity of ownership could be
wholly off-putting for prospective buyers

7. 7
Connected Car /
5G
Source -
https://www.lexology.com/library/detail.as
px?g=3c2d2584-7d0d-45d1-a1ef-
f1a3388b5dcc

8. 8
Insurance / Self-Driving
Source - https://www.forbes.com/sites/columbiabusinessschool/2021/03/25/will-self-driving-cars-disrupt-the-insurance-
industry/?sh=71856e781dbf or https://www.investors.com/news/technology/self-driving-cars-head-toward-collision-
insurance-industry-status-quo/

9. 9
Blog – New accounting standard for
insurance reporting
Source - https://www.ifrs.org/issued-standards/list-of-standards/ifrs-17-insurance-contracts/
New changes for how insurance industry will be reporting their results -
https://ibm.box.com/s/dsvlx0193t9j5m98s3jdkq53s3jz9ukp

10. 10
Company Example
Blog – Self-Driving – Self-Driving Semi Truck Company TuSimple Raises Over $1 Billion
TuSimple claims its self driving technology makes it possible for heavy trucks to see 1,000 meters away and react 15 times
faster than a human. They are currently self driving on highways and going between truck depots outside of cities, The also
can operate nearly continuously and using less fuel than trucks on the road today.
TuSimple currently operates in Arizona, New Mexico, and Texas, with plans to expand nationwide by 2024.
TuSimple’s Level 4 driverless trucks operate with a safety driver behind the wheel to monitor the system in autonomous
mode.
Source - https://www.nextbigfuture.com/2021/04/self-driving-semi-truck-company-tusimple-raises-over-1-billion.html

11. 11
MEC (Multi-access Edge Computing)

12. 12
Maximo and Cognos Analytics

13. 13
Additional Sources
• Blogs on data, AI, Platform, and Security -
https://ibm.box.com/s/8ak2l4bqmzhaow2rog15s9uofj65ldai