Miroslav Katsarov is the CEO of Modeshift, a technology company bringing intelligent transportation to small and mid-size transit agencies.
Throughout pop culture, we’re constantly shown that the future of transportation is flying cars or hoverbikes. While they’re stylish and cool, they’re not based in reality. The real future of transportation is pragmatic and easy, though the road to get there is the part that’s complicated.
Defining The Next Generation Of Public Transit
Lack of funding, poor understanding of route efficiencies and rider needs, and generating public awareness all play their part in slowing down transit’s evolution into the modern era. But with the U.S. recently passing its largest investment in public transit in the nation’s history, there is a newfound opportunity for transit agencies to define the next generation of public transit.
Incentivizing Riders With Accessibility And Convenience
In most public transit systems, riders have to purchase and validate their fares at a station or in an app, plan their trips in another app, and check for real-time arrival times online or using ride-sharing apps where available. If people want to use micro-mobility options like e-bikes or e-scooters, they have to set up accounts with the appropriate provider.
All of this friction disincentivizes riders to use public transportation, but mobility as a service (MaaS) platforms have the potential to bring all transportation services under one app. For example, a MaaS pilot program in Pittsburgh is the first of its kind in a U.S. city to do just that. The program’s eventual goal is to provide riders with seamless fare integration at a flat rate for all methods of public transportation.
Enabling Transit Agencies With Better Systems And Data
One step toward this optimization is providing greater visibility into ridership patterns, enabling operators to make better-informed decisions while optimizing routes.
Real-time vehicle location data is also efficient for both riders and operators. The location data can be integrated with transit applications for riders to help them plan their trips versus relying on third-party services and provide operators holistic visibility into their fleets at any given time throughout the day.
Leveraging Public Transit To Drive Sustainability
Smart public transit systems also have the power to reduce the number of cars on the road and drive sustainability with on-demand green transport.
On-demand green transport involves substituting predefined routes of a city’s bus fleet with a map based on rider demand that riders submit using mobile or online applications. These mobile and online applications collect and analyze data such as rider demand, traffic patterns and weather reports to create the most efficient route for each ride so as many passengers as possible are picked up along the way.
Obstacles Slowing Transportation’s Future
Lack Of Funding
Even with the stimulus for public transportation from the Infrastructure Investment and Jobs Act, transit agencies face a variety of uncertainties in securing federal funding, according to a 2022 report. Applications for competitive grants take time to get approved (if at all), reimbursement arrival times aren’t always clear and how money can be spent limits agencies in pursuing certain large-scale projects like implementing smart transit technology.
Additionally, nonfederal revenue sources like fuel taxes or commuter fares are not as reliable as they were pre-Covid. In efforts to potentially restore commuter fares closer to pre-pandemic levels, it is important for agencies to consider innovative fare collection policies like end-to-end electronic ticketing and payment services.
Many transit agencies were able to leverage Covid relief funds from the American Rescue Plan Act, which helped move the needle toward contactless electronic payments. While this is a step in the right direction toward the future of transit, it doesn’t solve the funding problem on its own. Pilot programs like Move PGH in Pittsburgh represent how the right balance of public-private partnerships offers new ways agencies can explore to usher in further advances in transit’s technological future.
Poor Understanding Of Route Efficiencies And Rider Needs
Transit agencies can’t fix what they don’t know is broken. With the only way to track when riders get on and off of stops is through bus drivers or rail operators, there is a lot of room for human error in reporting, and keeping track of the data can be difficult. So when it’s time to make updates to routes to be more efficient to better meet rider needs, the updates don’t always hit the mark as much as they could.
This cycle hinders agencies’ ability to deliver the best service to as many riders as possible. While the benefits of smart transit tech are clear in automating ridership tracking and reporting with precise, accurate data, the downtime it can take to set up the technology and train drivers isn’t always the most convincing to stakeholders involved in investment decisions.
Generating Public Awareness
Getting the word out is half the battle for just about any updates made to transit systems. When agencies do invest in new smart transit technology, they need to ensure enough people know about it. Sending out mailers, local news stories or ads around town only go so far as to generate awareness in a community.
Agencies should get creative in how they approach their marketing campaigns to not just make people aware of a new system but to incentivize more people to start using transit who may not have considered it a viable option previously. Whether that’s in the form of free fare periods like Zero Fare month every August in Denver or reward programs that provide riders free fares after a certain number of trips depends on what makes the most sense for a city.
By reframing how people think about and interact with transit systems in their cities, new opportunities to make services work better for everyone will be easier to come by.
A Better Future For Transit
While the future of transportation often portrayed in popular media is fun to imagine, the real-life solutions currently redefining how people approach transit are truly inspiring. As cities in the U.S. and around the world continue to research, develop and implement new public transportation solutions, the possibilities for the industry will be endless.
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Analysis By Key Players:
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Analysis By Type
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𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐢𝐦𝐬 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞:
An examination of the dynamics, trends, and projections for the years 2022 through 2029, both qualitatively and quantitatively.
The ability of the customers and suppliers to make financially advantageous decisions and expand their businesses is explained by the use of analysis techniques like SWOT analysis and Porter’s five force analysis.
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𝐑𝐞𝐠𝐢𝐨𝐧-𝐖𝐢𝐬𝐞 𝐂𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 Transportation Analytics Market:
◘ The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)
◘ North America (United States, Mexico, and Canada)
◘ South America (Brazil etc.)
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◘ Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
𝐊𝐞𝐲 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐞𝐝
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𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
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𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:
Identifying the Growing Demands and New Technology
𝐏𝐨𝐫𝐭𝐞𝐫’𝐬 𝐅𝐢𝐯𝐞 𝐅𝐨𝐫𝐜𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
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Transportation Analytics Market 𝐓𝐚𝐛𝐥𝐞 𝐎𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭:
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2.2.Top strategies by Major Players
3. Global Transportation Analytics Market Overview
3.1.Transportation Analytics Market Dynamics
3.2.COVID-19 Impact Analysis in Global Transportation Analytics Market
3.4.Opportunity Map Analysis
3.5.PORTER’S Five Forces Analysis
3.6.Market Competition Scenario Analysis
3.7.Product Life Cycle Analysis
3.8.Manufacturer Intensity Map
3.9.Major Companies sales by Value & Volume
𝐓𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐩𝐫𝐢𝐦𝐚𝐫𝐲 𝐫𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐞 Transportation Analytics Market report:
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𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐔𝐩𝐭𝐨 𝟕𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐚𝐭: https://www.worldwidemarketreports.com/promobuy/817085
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RESEARCH TRIANGLE PARK – IBM says it will announce plans to invest $20 billion in New York today during a visit by President Joe Biden to its operations in Poughkeepsie.
“IBM is deeply honored to host President Biden at our Poughkeepsie site today and we look forward to highlighting our commitments to the innovations that advance America’s economy,” Arvind Krishna, Chairman and CEO of IBM, said, said in a statement. “As we tackle large-scale technological challenges in climate, energy, transportation and more, we must continue to invest in innovation and discovery – because advanced technologies are key to solving these problems and driving economic prosperity, including better jobs, for millions of Americans.”
No mention was made of any possible investments in North Carolina.
Hatter assimilation: Some Red Hat employees will switch to IBM in consolidation
Big Blue says the investments over 10 years will focus on unlocking “new discoveries and opportunities in semiconductors, computers, hybrid cloud, artificial intelligence and quantum computers.”
The tech giant, which owns Raleigh-based Red Hat and operates a huge campus in Research Triangle Park, also says it will be by what it calls “close collaboration with New York State.”
New York landed a semiconductor plant from Durham-based Wolfspeed through in part broad state incentives. New York also will be the site of a new semiconductor plant from US-based Micron.
IBM notes that it already has some 7,500 employees across the Hudson Valley region and says it has “long called New York state home.”
The company also is looking to cash in on the recently passed CHIPS act that means more than $50 billion in incentives for the semiconductor industry in the U.S. IBM’s chip development efforts are based in New York.
Read the full announcement online: https://newsroom.ibm.com/2022-10-06-IBM-and-CEO-Arvind-Krishna-Welcome-President-Biden-to-Poughkeepsie-Site,-Company-Plans-to-Invest-20-billion-in-the-Hudson-Valley-Region-Over-10-Years
Traffic congestion is driving growth in the intelligent transportation systems and services (ITSS) market, particularly in urban areas, according to a new market research report.
ITSS encompasses the sensing, analysis and control systems that Improve the efficiency of highway and transit systems. Used to help reduce fuel consumption and travel delays, ITSS has many applications, including parking management, electronic toll collection and road safety -- but the biggest is road traffic management, the report states. An increase in populations and the number of vehicles plus limited options for expanding roads in metropolitan areas are driving this trend.
In fact, use of ITSS can prove a more effective use of tax dollars than expanding highways, said Josh Johnson, director of the Critical Systems Department in the Southwest Research Institute’s Intelligent Systems Division.
“It’s about $2 million to build 1 lane mile of expressway in a city,” Johnson said. If ITSS help “find that accident and get it off the road quickly, you don’t have to build as much roadway…. [It] becomes cheaper to pay for the technology and the operations involved in managing the freeways more efficiently than it is to build more freeways.”
Use of ITSS in advanced public transportation systems is also growing, according to the report, which cited the increasing installation of automotive telematics systems, electronic fare payment systems and dynamic sign boards.
ITSS comes down to three main areas, Johnson said: freeway management, arterial management and transit agencies that operate buses and subways. Most agencies that handle those elements have become adept at using technologies and managing their own networks. For instance, a transportation department is good at handling freeway operations, while a municipality’s signal entity manages arterial roadways in urban areas.
“The opportunity coming up now is how do they work together,” Johnson said. “Let’s say the freeway is shut down. How do I divert traffic onto arterial [roads] and maybe put more green time on the signals to push more cars through on that diversion route? I think the challenge is in how these different agencies … all work together, integrate their technology and their operations.”
Integrated Corridor Management is a nationwide initiative addressing this. Managed by the U.S. Transportation Department, its vision “is that transportation networks will realize significant improvements in the efficient movement of people and goods through institutional collaboration and aggressive, proactive integration of existing infrastructure along major corridors.”
Another opportunity lies in connected and automated vehicles, Johnson said, adding that there is a lot of value in getting data from them. Manufacturers know where the vehicles are because they track them for maintenance and safety purposes, which means cities and states don’t need road or roadside sensors to collect information; they can get it directly from the manufacturers and share it back with drivers. For instance, road managers can alert drivers that they’re approaching an accident, giving them a chance to divert before adding to congestion.
“You can’t stop an accident from happening, but if people are aware there’s an accident ahead and they see those messages on the [variable-message] signs … you can reduce what they call secondary accidents,” Johnson said.
A third market segment poised for growth is advanced vehicle information systems, such as navigation devices. The market is mature in the United States and is expected to grow along with highway and expressway projects, the report states.
The larger states and urban areas are moving on ITSS, Johnson said, but smaller locations that may be struggling to start should consider teaming up with local transportation department partners to share data. Additionally, they should look for opportunities to work together and be open to cloud-based technology, which facilitates technological interoperability and data-sharing.
“I think that’s the beauty of these cloud systems now [is] an ability to share data more readily. There’s value and benefit in the data these different agencies have, and data becomes a commodity,” he said.
Stephanie Kanowitz is a freelance writer based in northern Virginia.
IBM announced it would invest $20 billion in the state of New York over the next ten years to increase development and manufacturing of semiconductors, AI, mainframe technology and quantum computing.
Chairman and CEO Arvind Krishna stated investing in innovation was key for tackling large-scale challenges across climate, energy and transportation.
The company stated it aims to bolster the broader technology sector in the US state, along with seeking semiconductor innovations.
IBM’s move centres on its facility in the city of Poughkeepsie, which it noted stands to benefit from the recently-passed CHIPS and Science Act.
US President Joe Biden is scheduled to tour the plant today (6 October). IBM noted the legislation will contribute to delivering a “reliable and secure supply of next-generation chips” for PCs and AI platforms, while fuelling “the future of quantum computing” by boosting R&D and supply chains.
Earlier this week, Micron Technologies laid plans to invest up to $100 billion over the next 20 years to build a large chip factory in the US state.Subscribe to our daily newsletter Back
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POUGHKEEPSIE, N.Y. — President Joe Biden predicted Oct. 6 a $20 billion investment by IBM in New York’s Hudson River Valley will help provide the United States a technological edge against China, hailing the expansion during an appearance with two House Democrats in competitive races in next month’s critical elections.
The president cited IBM’s commitment as part of a larger manufacturing boom, spurred by this summer’s passage of a $280 billion measure intended to boost the semiconductor industry and scientific research. That legislation was needed for national and economic security, Biden said in Poughkeepsie, adding that “the Chinese Communist Party actively lobbied against” it.
“The United States has to lead the world of producing these advanced chips — this law is going to make sure that it will,” Biden said.
The speech was part of a whirlwind trip that focused heavily on campaigning and included two fundraising events. During one, he warned that Russian President Vladimir Putin’s threat about using nuclear weapons as his Ukrainian invasion has floundered is the most severe “threat of Armageddon” since Cuban Missile Crisis in 1962.
Democratic candidates have largely avoided election-year appearances with Biden, whose approval ratings remain underwater. Bucking that trend in New York were Reps. Sean Patrick Maloney and Pat Ryan, who attended the president’s remarks at IBM.
(Jeremy Erickson/Bloomberg News)
The lawmakers, along with Democratic Gov. Kathy Hochul, greeted Biden upon his arrival at Stewart Air National Guard Base.
“When I heard @POTUS was looking to see the benefits of the CHIPS & Science Act first-hand, I told him that the Hudson Valley was the perfect place,” Maloney wrote Oct. 5 on Twitter. “I’m thrilled to host him in Poughkeepsie this week to celebrate the major wins and good-paying jobs we are delivering here in NY.”
The CHIPS and Science Act, which Biden signed in August, was a rare bill for which the president was able to win bipartisan support.
IBM’s $20 billion investment over the next decade is intended to bolster research and development and the manufacture of semiconductors, mainframe technology, artificial intelligence and quantum computing.
“As we tackle large-scale technological challenges in climate, energy, transportation and more, we must continue to invest in innovation and discovery — because advanced technologies are key to solving these problems and driving economic prosperity, including better jobs, for millions of Americans,” said Arvind Krishna, IBM’s chairman and CEO.
IBM’s commitment comes on the heels of chipmaker Micron announcing this week an investment of up to $100 billion over the next 20-plus years to build a plant in upstate New York that could create 9,000 factory jobs. In his remarks, Biden also celebrated Intel’s plant groundbreaking in Ohio and an investment by WolfSpeed for chip production in North Carolina.
— Associated Press writers Michelle L. Price in New York City and Michael Catalini in Trenton, N.J., contributed to this report.
POUGHKEEPSIE — On Oct. 6, U.S. President Joe Biden and IBM chairman and CEO Arvind Krishna will tour IBM’s facility in Poughkeepsie, N.Y., as part of the company’s announcement for a $20 billion investment across the Hudson Valley region.
IBM plans to dole out the investment over the next 10 years. The company’s goal is to expand New York’s technology ecosystem, create new opportunities in semiconductors, computers, hybrid cloud, AI, and quantum computers.
The information technology company reportedly supports more than 7,500 jobs across the Hudson Valley, calling the region “a hub of innovation and manufacturing for decades.”
“IBM is deeply honoured to host President Biden at our Poughkeepsie site,” said Arvind Krishna, chairman and CEO of IBM, in a statement.
“As we tackle large-scale technological challenges in climate, energy, transportation and more, we must continue to invest in innovation and discovery – because advanced technologies are key to solving these problems.”
IBM anticipates that the technology it delivers coincides with the intentions laid out in the CHIPS and Science Act President Biden recently signed into law.
Furthermore, the company hopes to help ensure a reliable and secure supply of next-generation chips for modern computers and artificial intelligence platforms as well as help developments in quantum computing through research, expanding the quantum supply chain, and providing more opportunities for researchers to explore business and science applications of quantum systems.
President Biden landed on Thursday in New York to highlight IBM's plan to invest $20 billion across the state's Hudson Valley region over the next 10 years.
Biden toured the corporation's Poughkeepsie site "to see firsthand where the future of computing is being innovated, designed and manufactured."
IBM said that the goal of the investments is to expand the technology ecosystem in New York — creating job opportunities — and to "unlock new discoveries and opportunities in semiconductors, computers, hybrid cloud, artificial intelligence and quantum computers."
"IBM is deeply honored to host President Biden at our Poughkeepsie site today and we look forward to highlighting our commitments to the innovations that advance America's economy," CEO Arvind Krishna said in a statement. "As we tackle large-scale technological challenges in climate, energy, transportation and more, we must continue to invest in innovation and discovery — because advanced technologies are key to solving these problems and driving economic prosperity, including better jobs, for millions of Americans."
MICRON PLANS $100B COMPUTER CHIP FACTORY IN NEW YORK
IBM's New York business supports more than 7,500 jobs across the region.
IBM said its Poughkeepsie site builds state-of-the-art mainframe computers and is home to the corporation's first Quantum Computation Center.
The company said that the president's visit to the site highlights the bipartisan CHIPS and Science Act, which Biden signed in August.
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"The technology that IBM delivers today from Poughkeepsie will directly benefit from the CHIPS and Science Act that the president recently signed into law. It will ensure a reliable and secure supply of next-generation chips for today's computers and artificial intelligence platforms as well as fuel the future of quantum computing by accelerating research, expanding the quantum supply chain and providing more opportunities for researchers to explore business and science applications of quantum systems," IBM said.
IBM said that the expansion of an innovation model at its Albany location could be a foundation for the National Semiconductor Technology Center (NSTC) that will be implemented as part of the CHIPS and Science Act.
Biden was joined by Reps. Sean Patrick Maloney and Pat Ryan.
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The IBM investment comes on the heels of chipmaker Micron announcing earlier this week an investment of up to $100 billion over the next 20-plus years to build a plant in upstate New York that could create 9,000 factory jobs.
The Associated Press contributed to this report.