Realizing the core role of TMT in smart transport
TMT companies will play a crucial role in shaping how consumers ‘move’ in the future. The landscape of opportunity is wide, driven by a growing range of use cases and evolving set of industry value chains. As a result, there are a number of considerations TMT companies should ensure are central to their thinking.
Demystify 5G and revisit the rollout model
5G has an undeniable role to play in smart transport systems of the future. However, telcos and infrastructure vendors should take steps to educate other industries about the benefits it can unlock, which will help stimulate demand and adoption. Some smart transport services will depend upon a mix of capabilities. In this light, telcos should take care to optimize their technology portfolios, while adapting the traditional network rollout model to cater for the integration of transport and 5G infrastructure.
Optimize value chain positions in emerging ecosystems
Transport for the future consumer will require a range of industry participants, from vehicle manufacturers through to a range of TMT companies. Understanding the right role to play is no easy task. Some service providers may aim for upside with consumer-facing propositions, but many will also occupy more discrete value chain positions, for example leveraging 5G as a platform for a range of downstream transport use cases.
Deepen engagement levels with different industries
Strategic partnerships between different TMT companies, and between TMT companies and other industry verticals are becoming more important as ecosystems becoming more diverse. B2B2C business models can help drive innovative use cases within transport and logistics, and will require ever deeper levels of collaboration and co-creation. All the while, the needs of the end-user should be top of mind.
Engage early and often with government and public sector
National and local governments are primary stakeholders in evolving smart transport and smart city initiatives. Many are now focusing on how to integrate different infrastructures, such as road and railway networks with 5G access. In this light, TMT companies should engage early and often with the public sector to ensure that 5G and digital society visions are aligned, mutually reinforcing and ultimately practicable.
Summary
Smarter transport services have limitless potential to redefine consumer experiences, and TMT companies have an essential role to play in driving this vision forward. However, a step-change in collaborative innovation is essential if TMT companies and their peers in other sectors are to turn the vision into reality.