By Ryan Wibberley, Chief Executive Officer of CIC Wealth

Ryan Wibberley, CEO of CIC Wealth, explains the inevitable outcome of self-driving vehicle automation in the near future. The concept of self-driving cars has gone from an idea to a true innovation in recent years. In August, Uber rolled out its very first batch of 100 taxis without a driver, with Travis Kalanick, CEO of Uber, declaring that self- driving cars are imminent. Major car and tech companies, such as Google, Toyota, Honda and Apple, are also investing in what is equivalent to land grabbing for the fastest marketing of self- driving cars. Google and Tesla have probably made the greatest advance to date. Cities say that self- driving cars offer a number of benefits in terms of transportation, safety and fuel efficiency. If most cars become autonomous studies prove that there will be an 79% decrease in automobile accidents.
Autonomous vehicle supporters also say that they would give more free time to people, which would appear desirable. Safety is also another matter. In a controlled experiment last year, security experts showed that they could use the Internet to control a vehicle all while driving down the road. Consequently, Fiat Chrysler Automobiles recollected 1.4 million vehicles due to the software defect that enables hackers to control several vehicle functions. In October, the U.S. Department of Transportation’s National Highway Traffic Safety Administration issued proposed guidance designed to help improve motor vehicle cybersecurity. The goal is to protect against breaches and other security failures that could compromise motor vehicle safety. Whether or not you imagine using a self- driving car, car companies appear to be determined to make them part of our near future. There are definitely a number of problems to solve before theory becomes an actuality, but with automobiles getting smarter each year, technology advocates predict that self driving cars will become a reality by 2020.