Published: 12 February 2024
Summary
The passenger transportation industry is set for continued growth in electric and autonomous vehicles in 2024, with increased adoption of sustainable mobility and data-driven technologies. Transportation CIOs should embrace AI, run pilot projects and reduce their organizations’ carbon footprint.
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Overview
Opportunities
AI and big data are poised to become vital tools for transportation companies, empowering them to optimize user experience with personalized recommendations, smarter operations and seamless travel.
The transportation sector will test and pilot emerging technologies, such as the Future Railway Mobile Communication System and eVTOL aircraft, that will expose the industry to new customer segments and provide better opportunities for growth.
Government regulations and consumer pressure will push transportation organizations to invest more in technologies and initiatives that support a greener and safer way to travel.
Recommendations
CIOs overseeing digital transformation and innovation in the transportation industry must:
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