00:00have you ever wondered how much it will cost you to implement AI in the
00:15automobile industry this is the new series where we are going to discuss
00:19implementation cost of AI in some real-world examples and this video is
00:25dedicated to automobile industry let's get started so we are going to divide
00:31the whole video into multiple user types user type number one the customers user
00:41type number two the dealers user type number three manufacturers user type
00:50number four the service providers we are going to discuss every single feature
00:59and module across all this user type and we are going to discuss about the
01:05approximate pricing for each let's get started with the pricing for artificial
01:12intelligence tools for the customers in automobile or automotive industry the
01:17first one is virtual test drive tool virtual test drive tool allow customers
01:24to experience the vehicle at their own place or at the facility it would
01:31include simulator hardware setup testing environment setup and sensor to simulate
01:37the driving sensations it would roughly cost you around 80,000 US dollars the
01:44second one is personalized vehicle recommendation tool it would basically
01:50suggest the customers the type of vehicles based on their preferences their
01:55likes and dislikes it would require recommendation engine softwares and data
02:01analysis tools it would cost you roughly between 10,000 to 12,000 US dollars the
02:12third one is real-time financing assistance tool now this would require
02:18AI software for real-time finance analysis and integration with complete
02:23financial system this would roughly cost you with all the integration
02:28approximately 20,000 US dollars the fourth one in the list is AI enhanced
02:37vehicle customization tool this would basically require AI powered
02:43customization software and high-resolution visualization hardware
02:47it would roughly cost you in an average of 20,000 US dollar to 25,000 US dollars
02:55the fifth one is augmented reality sorrow augmented reality will enhance
03:02the user experience to see how the car would look and what would be the AR
03:07experience this would require AR software for vehicle visualization and
03:13compatible AI hardware like smartphones and glasses approximately this would
03:19cost around $20,000 based on the complexity of the experience you need
03:25six one is virtual co-driver experience tool it would basically enhance the
03:32virtual test driving experience with guidance and information this is an
03:37high-level tool and would require a lot of integration and a lot of data
03:42simulation this would require AI software for real-time guidance and
03:47information and this would also require sensors and integration with the
03:51simulator hardware this would roughly cost you 50,000 US dollars eco-friendly
04:01planning tool that is the seventh one this would require AI powered route
04:06planning software real-time integration mapping and navigation hardware this is
04:12again a very large piece of software it would help customer to plan efficient
04:18routes also it is particularly beneficial for electric and hybrid
04:23vehicles where integrating real-time data for optimal routing is really very
04:28important this whole setup will cost around a hundred and fifty thousand US
04:33dollars so this was it for integration of AI for the customers let's move
04:40towards integration of artificial intelligence tools for dealers the first
04:46one for the dealer is automated inventory management tool this would
04:51basically help them to understand how to manage inventory based on season based
04:56on the feedback from the customer and every other aspect this would roughly
05:01cost around 20,000 US dollars the second one for the dealers is automated claim
05:13processing this would basically help them to streamline the handling of
05:17insurance claim and ultimately reduce the complexity of the process this would
05:24require AI claim processing software integration with insurance and
05:29dealership system this would roughly cost around 35,000 US dollars the third
05:39one is customer relationship management system the CRM systems with AI this
05:45would be a very detailed system wherein it would give power to the dealers to
05:51integrate follow-ups and reaching out to the customers at the right time
05:56understand the data analytics to provide insights into the customer behavior and
06:00preferences this would require AI power CRM software data analytics tool
06:07integration with the dealership system the whole system would roughly cost you
06:12around a hundred thousand US dollars the fourth one a bit basic one it is AI
06:22chatbots for customer service it handles customer queries in real time this AI
06:28driven tools basically provides very ease of use bookings for customers to
06:34understand the requirement appointment booking and getting information this
06:39would require pre-trained AI chatbot models chatbot integration software
06:44integration with dealership management system this would roughly cost you
06:49around 15,000 US dollars the fifth one for the dealers is sales performance
06:57analysis the tool would basically analyze the number of customer visited
07:02versus the sale and provide very detailed analysis of the sales
07:07performance this would require AI sales analytics software data integration
07:13tools visualization tool for reporting this would roughly cost you around
07:1815,000 US dollars to around 20,000 US dollars now as we have completed the
07:25integration of AI with the dealers let's move to the next user type that is
07:31artificial intelligence tool for manufacturers the very first and most
07:37important thing here is supply chain optimization it basically uses AI system
07:44to analyze logistic optimized routes manage supplies and the production
07:49process this would basically require AI software for supply chain analytics and
07:54integration with the existing supply chain management system this would
07:59roughly cost around 10,000 US dollars
08:05the second one in the list is quality control automation tool it involves
08:11integration of AI into manufacturing process to monitor product quality in
08:16real time this would require AI algorithm for quality control integrated
08:21device to control machines and real-time monitoring software this would roughly
08:26cost around $20,000 based on the complexity the third one for the
08:34manufacturer is demand forecasting with artificial intelligence this would do
08:40predictive analysis to understand the demand based on various factors this
08:45would require predictive AI algorithm data analytics tool and integration with
08:51production management system this would roughly cost you around 10,000 US dollars
08:59the fourth one is environmental impact analysis with AI it uses AI tools to
09:07calculate the environmental impact of the manufacturing process and vehicle
09:12emission so the analysis helps the manufacturer to meet sustainability
09:17goals and comply with regulations this would require AI software for
09:21environmental analysis data collection and monitoring tools this would roughly
09:27cost you around 8,000 US dollars
09:34let's move towards the service provider the first one is service provider
09:40scheduling optimization with artificial intelligence it uses algorithm to
09:45optimize scheduling of service appointment and it would also consider
09:50urgency availability of parts technician specializations to maximize workforce
09:56efficiency this would require AI scheduling software integration with
10:01service management system and data analysis tools this would roughly cost
10:06you around 12,000 US dollars the second one is parts inventory management with
10:17AI it uses AI system to predict demand of specific parts this would require AI
10:24inventory management software data analysis tools and integration with
10:28service and inventory system this would roughly cost you around 10,000 US
10:33dollars the third one in the list is warranty claim processing tool it will
10:41use AI to manage and process warranty claims very effectively this would
10:46require AI warranty management software integration with service and warranty
10:51systems and data analysis tool this would roughly cost you around 25,000 US
10:57dollars the fourth one is predictive vehicle failure analysis with AI it uses
11:05advanced AI models to predict potential failure in vehicle components it would
11:11require AI diagnosed software integration with vehicle data system and
11:15data analysis tool this would roughly cost you around 30,000 US dollars the
11:26fifth one in the list is energy efficiency management with AI it uses AI
11:32to analyze and optimize battery usage and health of electric and hybrid
11:36vehicles over time this would require AI software for battery analysis and
11:42optimization integration with vehicle battery management system and data
11:46monitoring tools this would roughly cost you around 20,000 US dollars I hope you
11:56found this video wonderful today we'll discuss in detail pricing of implementing
12:02AI in the automobile industry you planning to develop an app in
12:07automobile industry with or without AI get in touch with us here at ibixo.com
12:13you can reach me at sales at ibixo.com stay tuned for such wonderful content
Comments