THE ‘PASSENGER ECONOMY’ IS FORECAST TO EXPERIENCE EXPLOSIVE ECONOMIC GROWTH IN THE PUBLIC TRANSPORT SECTOR, GOING FROM 800 MILLION DOLLARS IN 2035 TO MORE THAN 7,000 MILLION IN 2050.
IT industry leaders, analysts, major passenger transport companies and associations that work in creating open standards will be fiercely debating the increase in the supervision and efficiency of transport. The progress made in the processes of collecting and analyzing data of all kinds through sensors located in vehicles, stations, platforms and airports serves to facilitate a huge reduction in accidents and luggage losses, cutting waiting and travel times and improving passengers’ experience, among other advances.
The first great challenge facing the public transport sector is moving people in the most safe and efficient way possible. Achieving this level of efficiency requires real-time access to the data as and when they are produced; an aspect that has become crucial for transport companies when it comes to determining the best way of managing their operations. At the same time, the connectivity possibilities of vehicles with traffic control centres will make transport safer thanks to improvements in the management of traffic flow.
THE ROLE OF THE IOT AND AIM IN IMPROVING PUBLIC TRANSPORT IN CITIES
The data collected by sensors and IoT cameras on buses, trains and suburban systems are analysed to provide maps of the flow of travellers and also allow for more accurate analyses of people’s movements at an individual level.
The progress made in the knowledge of the state of transport movements with the onset of the IoT – something unthinkable when tickets were paid for in cash – still has to be refined in certain aspects. In this respect, the network analyses of many public transport companies refer to three priorities when it comes to gathering and analysing data: increasing the efficiency of service planning, providing more information for transport users, and knowing how passengers behave in order to manage their mobility needs. Meanwhile, passengers are demanding more streamlined travel and better services, while also expecting those responsible for mobility in transport systems to be innovative and invest in systems that drive progress in this area.
To achieve these objectives, Maureen Fleming, an analyst and expert in managing IT processes and middleware at IDC, suggests the development of mixed platforms of centralised IoT analytics along with AIM technologies (Automatic Identification and Mobility). This expert believes that the combination of the IoT and AIM is giving rise to a new generation of flexible, low-latency systems that are capable of predicting conditions through increasingly rapid data capture processes and analytic responses. “With IoT, the AIM infrastructure focuses on providing constant correlation and analysis of incoming data to predict future actions. Operational intelligence, automatic learning and statistical analysis will be part of the IoT-AIM infrastructure.’
OPERATING EFFICIENCY, SATISFIED TRAVELLERS AND NEW BUSINESS
The implementation of IoT solutions in air transport, road traffic controls on motorways and highways, and rail transport provides new services for passengers, improves quality of life in cities and prevents traffic jams on the main thoroughfares in cities before they happen, while at the same time improving communications with convoys, vehicles and stations.
The public transport network of any major city consists of a complex system of trains, buses, taxis, suburban railways, road networks, pedestrianised areas and even ferries, which are used on a daily basis by millions of people. In these environments, the implementation of extensive connectivity networks also involves making changes in the lives of the huge mass of people who travel on a daily basis, while providing large volumes of information to the public transport authorities… and also propitiates new businesses and the birth of a new economy as a result of the move from drivers to passengers.
THIS IS THE BIRTH OF THE PASSENGER ECONOMY THANKS TO CONNECTED TRANSPORT
Looking several decades into the future, the Intel Corporation has presented the findings of a new study that explores the economic potential that will be unleashed when today’s drivers become idle passengers. The report, commissioned to the analyst firm Strategy Analytics, has coined the term ‘Passenger Economy’ to describe its prediction of explosive economic growth; an industry that will go from the 800 million dollars predicted for 2035 to more than 7,000 million dollars that will be generated in 2050.
The study highlights the fact that both autonomous driving and smart city technologies will give rise to the new Passenger Economy, gradually and completely reconfiguring certain sectors and inventing new ones thanks to the surplus time and cognitive capacity they will generate. According to Harvey Cohen, the co-author of the study and president of Strategy Analytics: ’Autonomous technology will drive change across a range of industries and define a new landscape, the first green shoots of which will appear in the B2B sector.’