Cars will be an essential element of the connected living ecosystem by 2030. With the most advanced connected cars collecting on average 2.5 to 3 petabytes of data per year operated, OEMs will become data companies. As a result, they will look for opportunities to monetize the data they have at their disposal. This requires both the smart implementation of artificial intelligence (AI) into cars and all connected devices as well as innovative “as a service” business models. A panel at Frost & Sullivan’s Intelligent Mobility conference taking place on June 29 in London will focus on the questions arising through these new opportunities.
“This is where the benefits of autonomous driving becomes obvious – while getting from A to B in a largely autonomous car, the user will have plenty of gained time to spend on topics such as health, leisure and shopping,” said Franck Leveque, partner and business unit leader, Mobility, Frost & Sullivan.
One way OEMs are seeking utilization of this potential future demand are through their offers of generous “freemiums” to trigger the consumer’s interest to commit to a longer subscription.
For today’s consumer the cost per mile is highly volatile and dependent on factors as various as location and means of transportation, but also on the time of travel. Thus, the costs per mile can vary from under $1 (USD) for most public transportation systems to more than $12 for taxis. In the future, cost reduction can be expected from various factors, Frost & Sullivan notes – among them dynamic routing which will allow for smarter allocation of customers in taxis. “But the biggest potential for decreasing the price per mile is provided by autonomous systems replacing drivers, which will make it possible to save the 30 to 40 percent of the cost we pay for the ride,” said Arunprasad Nandakumar, team lead, Chassis and Safety.
However, the increased cost of motoring is universal, and to address this, industry-leader Omoove will discuss the rise in shared mobility. Private vehicle ownership costs are rising due to increased expenses such as soaring insurance premiums. As a result, we are moving from public and private transport being separate, to a more integrated multi-modal mobility network.
Modern motorists also are affected by growing urbanization and environmental awareness. “Shared mobility is becoming a global, social movement and is growing rapidly as drivers look for ways to keep on the roads sustainably. New and exciting technology is making this a reality and is allowing customers to shape their own car-sharing and ride-sharing communities, however they envision them,” said Edwin Colella, chief sales and marketing officer of Omoove.
During its upcoming annual industry event “Intelligent Mobility,” taking place June 29 at the Jumeirah Carlton Hotel in London, Frost & Sullivan will offer visionary insights into the future of mobility from leading OEMs and Tier 1 suppliers, prominent industry thinkers, policymakers and disruptors from companies like Jaguar Land Rover, Facebook, Renault–Nissan Alliance, the Financial Times, Mahindra & Mahindra, Transport for London, the Centre for Connected and Autonomous Vehicles, and many more.
In addition to discussing connected and autonomous vehicles, Intelligent Mobility will bring together industry experts on the future of mobility trends, freight delivery and healthcare, wellness and well-being in cars. Moreover, the event will shed light on carefully selected auto tech startups and their particular business models to showcase the extent of disruption the industry faces. The conference will be complemented by a debate at the House of Lords and the Frost & Sullivan Intelligent Mobility Awards Banquet, a black tie evening and gala dinner.
View Frost & Sullivan’s video on new mobility business models and the future of Intelligent Mobility here.
To download the Intelligent Mobility brochure and register to attend the event, visit frost.com/intmob.
