Everything is changing. The Global Centre for Digital Business Transformation states that the transport domain has experienced the largest jump in vulnerability to digital disruption of any sector. Unprecedented investment by private capital into the transport sector has seen the emergence of some 2000 start-ups, bringing new ideas and business models, and challenging traditional norms. This pace of change is increasing.
Growth in connected devices was estimated at 22Bn devices in 2018 and is expected to double over the next decade. The rise in Location-Based Services, growing at 30% CAGR, is enabling a future where almost everything can be located, communicated with, monitored, and tracked in real-time. Every moving device has the potential to act as a sensor, providing real-time information about itself, and the environment. These changes provide significant opportunities to ‘think different’ about the future of transport.
TRL’s vision is for a transport system that is safe, clean, and efficient. Fully interconnected, seamlessly integrated, fair, and accessible to everyone. A system that is decarbonised, resilient and supports UN Sustainability Goals. A transport network that is the backbone of our economies, enabling innovation, progress, and growth. A system underpinned by intelligence. Digitisation is a key enabler for this vision.