By 2025, innovations based on more integrated cross-industry cooperation that capitalizes on mostly existing technologies and preventive data analytics will radically improve how people travel and transport goods, according to a new report by the World Economic Forum, produced in collaboration with The Boston Consulting Group.
The report, Connected World: Transforming Travel, Transportation and Supply Chains, was released in late May. Based on the Forum's Connected World project, a yearlong research effort involving more than 50 leading companies from the travel, transportation, and information and communications technologies industries, the report identifies several innovations that hold great promise for revolutionizing the travel and transportation ecosystem. Some of them have the potential to provide significant business opportunities and societal benefits.
From an initial list of 100, four have been highlighted:
• An integrated proactive intermodal travel assistant would create one seamless ticket across road, railway, and air.
• A condition-based megacity traffic-management system would integrate and process up-to-the-minute information from vehicles, travel infrastructure, individuals, and the environment to manage traffic.
• A fully automated check-in, security, border-control, and smart-visa system would harness technology to eliminate the long lines at airports and border crossings.
• A tracking and transparency-based logistics optimizer would solve some of the thorniest "last-mile" challenges associated with product deliveries.
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