CBA offers business customers advice on autonomous vehicles
(19 August 2016 – Australia) Commonwealth Bank of Australia (CBA) is offering its large corporate and institutional business customers advice on how to take advantage of the arrival of driverless vehicles.
As part of a whitepaper titled “Driverless vehicles: Opportunities and challenges in a new networked world”, the bank said: “The advent of driverless cars promises a revolution on our roads…The impact will be far-reaching, radically transforming everything from the way the global community uses and manages energy resources, to the location of our shops and where we live and work.”
In the whitepaper, CBA’s head of technology innovation team, Dilan Rajasingham, said the he imagines a significant impact to retail, insurance and logistics industries from the emergence of autonomous vehicles.
“As the pace of innovation in this space continues to gain momentum, autonomous vehicles are likely to be in use far more quickly than most of us realise,” Rajasingham wrote in the whitepaper.
“And, like the previous digital revolution, they will create incremental but lasting impacts throughout the value chain of every business.
“As the driverless revolution takes hold, business models will begin to evolve.”
He said the bank would continue to investigate the technology to help customers adapt to the ‘changing demands’ autonomous vehicles present.
Rajasingham added that, ”The advent of the driverless cars is a powerful illustration of both the benefits and the challenges that the internet of things will generate.
“While driverless cars have enormous potential to improve our quality of life, they also raise critical questions about how we create a digitally managed ecosystem that is robust, highly functional and exceptionally secure.”
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