Mobility Driven By AI – The Next Life Changer?

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How could we ever live without smartphones, tablets, and the Internet? What seems so impossible today was normal less than 20 years ago. So, what will be the next big „Life Changer“ that makes us think looking back in 2025 or 2030 the same about 2019?

Foto © I-Dragon Ltd.

While IT used to play a supporting role in companies, today it is the foundation of digital business models. The cause lies not only in the technological progress but also the mass of data that is generated.

Fortunately, the BIG DATA hype of recent years has led companies to make huge investments in hardware and software. Companies have collected enormous amounts of data with which they can now create real business value through advanced developments in the field of Artificial Intelligence (AI).

The effects of AI has implications for all industries. It enables new technical solutions creating new megatrends. Mobility is an impressive example of this. Machine learning and predictive analytics, for example, allows innovative inner-city traffic concepts increasing urban quality-of-life.

 

Think about a simple drive into the city center. This should take 15 minutes, but is usually accompanied by a 20 minutes traffic jam and ends in a parking search. At the end the ride lasts an hour or more. Accordingly, the need for better air, less noise and a better traffic flow reducing the stress and costs of road users is constantly increasing.

While some of the big players in the mobility sector want to protect their current position and only offer innovative solutions in small steps, the newcomers take a disruptive approach.

What does this mean for consumers? In the past, disruptive technological changes led to improvements in everyone’s quality of life. Once the technology was available, it was no longer difficult to find out what improvements’ customers wanted.

This also applies to mobility solutions. Because what is required here, are individual direct mobility solutions on request. These must always be available, affordable, secure and private. Against the background of increasing congestion, increasing environmental pollution and stricter legislation.

Therefore, only mobility providers whose business models combine comfort with the flexibility of individual and the scalability and cost advantages of public transport and create an intelligent system will be successful in the future.

On the one hand, this mobility system can consist of the connection of autonomous vehicles that are used individually, but also as a fleet. At the same time, however, the „Predictive Analytics“ application based on AI applied in combination to this mobility system, can also achieve considerable success.

The big automotive OEMs have learned from the Tesla effect so far is that no one can stop the change process forever. This creates great opportunities for capital investors to bet on disruptive mobility companies already now.

Since the Klondike fever in the IT business and the electrification of vehicles is almost over, it is time for the next big thing which is individual inner-city mobility, beyond the passenger cars as we know them today. When the time comes to separate the wheat from the chaff among innovative start-ups in this area, it will also be the time to separate the Steve Wozniak’s from the Ron Wayne’s among the Capital Investors.

One thing is however obvious already here and now; just improving the passenger cars as we know them today with an electric motor and a more or less autonomous driving system, will not be enough.

 

by Herwig Fischer, Marius Bartos

For further information please contact:

Herwig Fischer / hf@idragon.eu / 

Marius Bartos / mb@bbm-vohren.de

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