Question

Transportation has come a long way since the introduction of the railroad in the 1800's. Drones and autonomous vehicles are all becoming a reality in the transportation industry. Research and discuss how drones and autonomous vehicles will change the transportation industry. What effects will they have on the economy as well as society?

Answer 1

Solution:

Drones and Autonomous Vehicles are the next big thing in the transportation industry because they are driven by the technology of the future, which is artificial intelligence and machine learning. These are some of the pioneering technological advancements that have helped almost every industry in coming up with solutions using these technologies to help their businesses use them to leverage their benefits.

Drones and Autonomous Vehicles have made transportation more fast and cost-effective. The cost of transportation has gone down significantly and also the time it takes to transport the shipments has decreased significantly since the beginning of strengthening the global supply chain. Hence, this is why the Drones and Autonomous Vehicles are helping the transport industry make the most use of them to drive business innovation with them. The cost benefits and improved control over transportation have been really helpful in improving the state of the transport industry and the credit can be attributed to rising technologies such as Drones and Autonomous Vehicles. Hence, this is how Drones and Autonomous Vehicles have shaped the working of the transport industry.

This will have a significant effect on the economy of the country because of the added advantages that are coming in the transport industry because of advancements in the technology. Hence, this will give rise to more sophisticated businesses and hence a boost to the economy of the country. HEnce, this particular aspect in transport indystry can help boost the economy of the country by a certain degree.

HEnce, this is how the Drones and Autonomous Vehicles technologies has changed the traditional transport industry which is now shaping upto adapt to modern technlogies for their own benefits.