Three Steps to Unleash the IoT Revolution in Transportation Networks
GDG IoT White Paper 18.01 by John Wolff & Joah Sapphire
Revolutionizing Transportation Networks
Efficient transportation networks are fundamental to society. Just as steam power and electricity were the catalyst for the first industrial revolution, emerging IoT solutions will revolutionize transportation spurring the next industrial revolution. IoT can solve congestion through digitizing transportation networks which provide real-time predictive analytics to ensure every participant can achieve their objectives. On behalf of a leading, international transportation authority in a major metropolitan region that manages thousands of miles of roadway for millions of travelers, we provided a practical pathway to success through our unique and proven methodology of ASSESS, PLAN, DEPLOY.
Optimizing Physical Assets
Unlocking the value of physical assets will be the key to achieving sustainable growth in the 21st century. We helped a client use IoT to improve its management of $1.7 billion in tangible assets which reduced costs and generated greater return on investment. IoT provides the ability to understand the health of a physical asset and to more easily maintain and update it through information management. This reduces downtime, shrinks maintenance and repair costs and extends useful life. IoT also enables more robust data-driven performance measurement to improve asset productivity, creating substantial new value and opportunity.
Transforming Operational Performance
Data has become the new sustainable competitive advantage. IoT sensors that collect and transmit data over faster networks can transform a business from being siloed and unconnected into a unified intelligent system. By placing critical information, which we call Data Resources, in the hands of the right people when they need it to inform and automate decisions and functions, our clients achieve maximum performance. For leading public and private sector clients our Information Strategy identified and determined how to use Data Resources to unleash value through improved operational performance. Achieving transformational operational performance through IoT is within reach for any organization. Our ASSESS, PLAN, DEPLOY approach gets you there faster.
Accelerating Profit Potential
With IoT creating $19 trillion in new value over the next ten years, businesses that adopt IoT will achieve greater productivity and dramatically reduced costs while creating new models to deliver products and services to customers. This will lead to substantially greater profitability and market share. For a NYSE listed company we delivered improved profit potential through IoT. We turn data into intelligence, which we call Data Resources, to transform any business into an intelligent system. Our ASSESS, PLAN, DEPLOY approach provides a practical pathway for how to use IoT in ways that achieve measurable results.
Pioneering New Markets
Unprecedented market disruption is occurring. Those who embrace IoT in their operational DNA will obtain new forms of competitive advantage and a disproportionate share of the $19 trillion in new wealth creation over the next ten years. Those who fail will be among the 8 out of 10 firms in the Fortune 1000 who will no longer exist. Our IoT services enabled a well-funded automated vehicle company to tap new markets. By understanding IoT as sensors that collect and transmit data over faster networks to enable firms to use data and intelligence in new ways, we have a clear approach that upends traditional business models.
Buffalo Principles to Advance Automated Vehicle Technology
The IoT Next Industrial Revolution is transforming mobility and creating endless possibilities for how to get from point A to point B in the fastest, safest way. As self-driving cars soon become part of everyday life, the profound opportunity to eliminate traffic congestion, accidents, or wasting space on parking, has generated considerable interest in automated vehicle (AV) technology as a mobility solution. But why can’t we enter any vehicle, tell it where to go, then take a nap until we safely arrive?
Driving the Adoption of Truck Platooning
Truck platooning is when two or more trucks using connected and automated vehicle technology travel in unison at a close following distance. Research has demonstrated how this advanced transportation technology can significantly reduce costs, fuel usage and emissions, while improving traffic efficiency, driver conditions and safety. The challenge for our client, a statewide consortium of transportation industry leaders in private industry, premier universities and public agencies, was how to jump-start the adoption of truck platooning in a state where freight transport makes up 40% of the GDP. Using our methodology of ASSESS, PLAN, DEPLOY™, we developed an open data platform to make vital data for public agencies available to support private industry implementation of truck platooning and to capture high-level performance data to support research and future deployments.
The Right Way to Assess Safety in the Age of Automated Vehicles
Self-driving cars have captured the public’s imagination and represent one of the greatest symbols of the IoT Next Industrial Revolution. Soon, automated vehicles (AV) will get people and goods from point A to point B at a degree of speed, efficiency, availability and safety never imagined. The potential benefits of AV have been well-documented, including the reduction or even elimination of accidents, traffic congestion or the need to waste valuable space on roads or parking. But in the mundane reality of the present day, three barriers to AV deployments impede the advancement of AV technology beyond cost and access to technology. These are the presence of outdated regulations, the overlapping jurisdiction over roadways by different agencies and government entities, and the lack of access to vital data that support the advancement of AV technology.