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The H2020 project NEWBITS (New Business Models for ITS) supporting the initiatives and actions of the Directorate General MOVE, upon invitation of the Projects’ Officer Mr. Georgios Tzamalis, had the opportunity to present NEWBITS research results to eleven members of different departments of DG-MOVE at a lunchtime conference in Brussels on 30th of November 2018.
Intelligent Transport Systems (ITS) have a great potential for making passenger and freight transport greener and more efficient. Nevertheless, the introduction of ITS applications to the market remains a major challenge. Collaboration of different stakeholders is thereby key for success.
Within the framework of the EU-funded NEWBITS project, a benchmark analysis of ITS innovation diffusion[1] has been performed for three specific areas of ITS innovation: 1) Sharing Mobility, 2) Mobility-as-a-Service (MaaS), and 3) Connected and Autonomous Vehicles (CAV’s).
Many have envied the success of AirBnb, Amazon, Alibaba and other similar platform companies. It is apparent that companies with network based business models are much better at creating value. According to the authors of this article, many of traditional type businesses can be also successful, harnessing the power of platforms and networks, without having to turn themselves into a Silicon Valley Startup, meaning reinventing their business model.
The market for ‘Intelligent Transport Systems’ (ITS) is changing rapidly: topics like urbanisation, sustainability and digitalisation are changing the environment as well as the near future. Despite the investments in technology development and feasibility demonstrations, the systematic market penetration of ITS applications remains a major challenge.
The Intelligent Transport Systems (ITS) consist an important integrating part of the European Common Transport Policy (CTP) and Europe 2020 Strategy. As the 2011 White Paper on Transport (EC, 2011a) claims, ITS can significantly contribute to a cleaner, safer and more efficient transport system, being a key element for increasing the efficiency of transport and of infrastructure use with information systems.
The 2017 European Social Innovation Competition was launched by the European Commission on 28th of February in Athens, Greece, inviting the Europeans to offer new, dynamic ideas for digital inclusion, cooperative economy, interconnection and skills development.