Travel time will transform into productive time.
When the way we move changes, every industry will need to be consulted through the changes.
In this article, we focus on how we are set to move ourselves and our goods. Whether it is making existing means of transport more efficient, or completely reinventing the systems and vehicles that move us, how we move will have an enormous impact not only on how accountants and bookkeepers engage their clients, but society itself.
The digital revolution is fueled by silicon-based technologies. The same elements that make up our smart phones and computers are now inside our cars, trains and planes. These chips, sensors and cloud-based technologies are building a fleet of autonomous vehicles that take us around the corner, across borders, and beyond Earth.
The timing of smart cars is ideal, as they are converging with a whole new power source - batteries. As an alternative, they’re leaving fossil fuels in their wake. Governments are endorsing their adoption by setting mandates of zero petrol cars by the 2020s and car manufacturers are setting their own goals that exceed those targets.
On-Demand over Ownership
The sharing economy boom has made access to cars easier and costs to use them fall.
With our vehicles stationary for 96% of their existence, their poor
efficiency makes the economics of owning a car ripe for disruption.
The leading car companies are offering ‘membership’ options where for
a flat monthly fee, you can have a new car delivered to your location
in real time. You can have a run-about hatchback during the week and
an SUV for the weekend. Buying a $40,000 tonne of steel that sits in
the driveway does start to feel uneconomical when you can have an Uber
drive you home for under $10 every night.
As cars become more automated, they will have both a positive and
negative ripple effect on almost every industry. Everything from car
parks to garages, from fuel stations to freeway lanes will need an
Take to the skies
Drones are quickly graduating from the toy everyone wants for
Christmas to a serious means of human transport. Chinese company,
eHang, have successfully tested and are set to launch the first human
carrying drone in Asia and the Middle East. In a case of the
technology moving faster than regulation, governments and businesses
are frantically trying to adapt to the new means of getting from A to
B and beyond.