3 Reasons Why Smart Mobility Is So Important

Author

Liberty Advisor Group

The Transportation Revolution: A Pathway Toward Smart Mobility

On January 8, 1902, a southbound train in the New York City Park Avenue Tunnel overran several signals and collided with another southbound train, killing 15 people and injuring over 30 more. This fatal collision was the final straw after years of injuries and fatalities that had occurred as a result of the overcrowded train station, and it catalyzed a revolution in transportation.

The gruesome crash prompted William J. Wilgus, chief engineer of New York Central Railroad, to design and lead the construction of a new Grand Central Terminal from 1903 to 1913. At the same time, he implemented a bold new technology to safely run a large railway yard in a growing metropolis: electrified trains[1].

The massive project—which seemed almost unimaginable in scale—drastically altered the infrastructure of the NYC railway. Workers razed existing tracks and tunnels and dug a colossal double-decker tunnel running underneath Manhattan. The project, while spanning 10 years and costing $114 million (approximately $2.025 billion dollars by today’s standards) proved worthy of the cost, as it resulted in quieter, safer means of transportation, and successfully reduced accidents, smog, and congestion. Today, over 100 years later, we are on the cusp of another massive revolution in urban transportation: smart mobility.

So, What Is Smart Mobility?

Smart mobility integrates all modes of transportation and infrastructure: cars, including rideshares, autonomous vehicles, and semi-autonomous vehicles; bike-shares; traffic signals; buildings; parking spaces; emergency vehicles and people; and it utilizes sensors, software and data platforms to streamline all of these elements into one coherent system.

As with electric trains of the early 20th century, the emergence of smart mobility in the past five years is a major paradigm shift in the world of transportation. Ultimately, the gains of adopting smart mobility will far outweigh the initial monetary costs. Cities with effective smart mobility programs will see a decrease in death and injury caused by human error, a decrease in congestion, and increased economic advantage.

Smart Mobility and the Internet of Things (IoT)

Smart mobility is the ultimate practical example of the Internet of Things in which all modes of transportation and user interfaces are able to talk amongst themselves via a network of wireless communications. This enables citizens to make the best choices for transportation while increasing safety, minimizing commute time, decreasing the negative effects of congestion, and maximizing productivity.

While there are many considerations that did not exist back in 1902 when electric trains were integrated into urban transportation (cybersecurity, data paths, WiFi, 5G, Dedicated Short Range Communications- or DRSC, the integration of autonomous vehicles with regular cars, ridesharing, etc.), the end goals are the same: create safer, cleaner and multiple modes of transportation for all citizens that can be integrated seamlessly over time with minimal disruption to mobility and revenue streams.

It Takes a Village to Make Smart Mobility Viable

The opportunities for transportation advancement are limitless, including business opportunities for automotive, artificial intelligence, machine learning, and data service industries. However, if city planners, local and state governments, and industry leaders do not work together to adopt smart mobility, then traffic accidents will continue to cost lives and burden the economy; congestion will continue to bog down commerce and productivity, and excessive cars on the road will continue to pollute the air on a massive scale.

3 Reasons Why We Need Smart Mobility

1. Smart Mobility Will Reduce Fatalities

The need for smart mobility is evident in the unstable annual rate of traffic accidents. According to the National Highway Traffic Safety Administration (NHTSA), distracted driving killed 3,522 people in 2021 nationwide, a 12 percent increase from 2020. The National Safety Council estimates that in 2022, more than 46,000 deaths occurred as a result of vehicular accidents—a 22% increase when compared to pre-pandemic 2019. Roadways are more dangerous than they’ve been in 17 years.

In addition, the average economic cost per vehicular death was $1,778,000 in 2021.

How Smart Mobility Helps Prevent Vehicular Fatalities

Currently, Advanced Driver Assistance Systems (ADAS) help prevent accidents by warning drivers of impending dangers and assisting them with various safety measures, such as emergency braking and warning lights for objects in a driver’s blind spot. Increased levels of autonomy and connected systems can take this assistance a step further. Vehicle to Vehicle (V2V) and Vehicle to Everything (V2X) technologies enable cars to warn each other of hazards ahead. In light of many tragic traffic accidents, autonomous vehicles have the potential to remove the foibles of human driving from the equation of mobility and create wide-spread, safe modes of transportation.

An autonomous vehicle—as part of the smart mobility ecosystem of machine learning and artificial intelligence—could potentially calculate the best action to take in any scenario, having learned from thousands of situations experienced by other cars. It would be equivalent to a driver in Atlanta who has never driven on ice knowing how to, based on a second driver’s experience in Canada. 

Smart mobility is the answer to a dire need to increase safety on the road, and, as the technologies therein continue to improve, we will see a decrease in fatal accidents over time.

2. Smart Mobility Will Eventually Decrease Congestion

As the world’s population grows, city congestion will crescendo from a daily inconvenience to a gridlock crisis resulting in devastating effects on the economy and environment; goods will not be delivered on time, emergency personnel may not be able to quickly save lives, and people will struggle to breathe due to the intense smog in the air.  For instance, in 2010, China had the worst traffic jam in history, lasting 12 days and spanning 74 miles[5], and there have been several epic traffic jams since that instance.

Recently, studies have concluded that the presence of autonomous vehicles can mitigate stop-and-go traffic and reduce fuel consumption by up to 42%. Furthermore, V2V technology has proven an effective means of preventing accidents by enabling cars to warn other cars of hazardous conditions that could lead to accidents. 

During the Consumer Electronics Show (CES) 2018, Qualcomm demonstrated an example scenario of how smart mobility can potentially save lives with V2X (Vehicle to Everything) technology: if a car crashes and the injured are incapacitated, the car itself could signal the nearest ambulance, which would then signal other cars to get out of the way.

Smart Mobility Improves Stoplights

Concurrently, stoplights could automatically change to allow ambulances to pass safely through intersections, minimizing the risk of running red lights. Cities that implement such technological means ensure that their emergency personnel can get on scene faster, potentially saving more lives. This type of technology could carry over in times of natural disaster as well—smart mobility as part of a larger smart city infrastructure can tell where utility and transportation problems exist, where victims of natural disaster are located, and could expedite the process of rescue and recovery.

Where Public Transit and Ridesharing Fit In

Recent studies have shown that the rise in consumer use of Uber and Lyft has resulted in increased levels of urban congestion because riders are choosing these modes of transportation in lieu of public transportation, resulting in greater numbers of cars on the road[7]. The ridesharing function of these companies could, in theory, mitigate this increase, but the problem remains that ridesharing (as with carpooling) adds time to commutes and the savings for consumers are not always worth the extra time. However, if the flow of traffic is made more efficient via V2V and V2X technology, public transportation (possibly to include autonomous mobility on demand or AMOD) is made more accessible. As such, fewer people in urban areas own cars due to the increased convenience of shared mobility, meaning the benefits of smart mobility will be realized. 

When cars are too costly and inconvenient to own, and shared mobility replaces all the benefits of car ownership, then the reason to own a car— especially in urban areas—will be almost completely diminished.

Traffic jam in China

Photo courtesy of Reuters/China Daily

3. Smart Mobility is an Economic Game Changer

According to the National Highway Traffic Safety Administration (NHTSA), traffic crashes cost the economy approximately $340 billion in 2019, and Americans waste billions of gallons of fuel each year stuck in traffic. With the increased efficiency that comes with decreased congestion, smart mobility could save cities and their respective industries billions of dollars in productivity and fuel costs. Furthermore, removing drivers from the equation will enable people to work while commuting, or at least disengage—saving both money and time. 

In January 2018, ABI Research published a white paper which aggregated the absolute cost-saving potential for three main stakeholders: government, citizens, and enterprises. According to the ABI’s calculations “smart city implementation [to include smart mobility transportation] could result in staggering efficiency improvements amounting to more than $5 trillion USD in yearly savings globally.”[8]

The Bottom Line: Smart Mobility Is the Future

Smart mobility is essential to the modernization of transportation and commerce. The greatest challenge in implementing smart mobility is, arguably, “How?” The keys are engagement, cooperation, and data:

  • Engagement with the consumer to understand how and why they and use various modes of transportation
  • Cooperation among public and private sector industries to ensure that laws and legislation protect the safety and privacy of individuals while fostering an environment supportive of innovation
  • Data-driven metrics on ridership, people flow, accidents, etc. can be the difference between a revolutionary transportation improvement in a city and a massive waste of taxpayer money. Opportunities for the innovation in automotive and tech industries are abundant and highly competitive and navigating the shift will require careful planning, coordination, and experts willing to “reach across the aisle”

Liberty Advisor Group Is Your Strategic Partner

Liberty Advisor Group is a mission-focused business and technology c consulting firm. We partner with our clients to solve their most complex business issues and to improve enterprise value. Our experienced team has a proven track record in Business and Technology Transformation, Data Analytics, Business Threat Intelligence, and Mergers and Acquisitions. We offer original thinking combined with the use of factual data to develop comprehensive, situation-specific solutions that work. With straight talk and proven results, we accelerate growth, drive efficiency and reduce risks. 

We are experienced. We are doers. We are Battle-Tested. Get in touch to find out more today!

[1] Interestingly enough, the mass production of cars came at the heels of the emergence of electrified trains, creating an exponentially more profound change in transportation.

[2] http://www.nhtsa.gov/es

[3] National Safety Council. http://www.nsc.org/road-safety/safety-topics/fatality-estimates

[4] US Department of Transportation Traffic Safety Facts. http://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812115

[5] China’s Great Wall of Traffic Jam: 11 Days, 74.5 Miles. ABC News. http://abcnews.go.com/International/chinas-traffic-jam-lasts-11-days-reaches-74/story?id=11550037

[6] Experiments show that a few self-driving cars can dramatically improve traffic flowhttp://engineering.illinois.edu/news/article/21938

[7] http://www.chicagotribune.com/bluesky/technology/ct-uber-lyft-congestion-20180225-story.html

[8] Dominique Bonte: Smart Cities and Cost Savings. www.ABIresearch.com

Author

Liberty Advisor Group

Add insights to your inbox

Get the latest in leadership news delivered straight to your inbox with our weekly newsletter.