Home Internet of Things Self-driving cars to create US$7t passenger economy, Intel says

Self-driving cars to create US$7t passenger economy, Intel says

Intel research indicates self-driving vehicles will create a new US$7 trillion passenger economy by 2050.

Doug Fisher, senior vice-president and general manager, Software and Services Group, says "It may not always be clear where the future of technology is going, but it is clear where the future of technology begins – and it begins with data.

"Data in this century is like oil was in the last century. There's one big difference. Oil is a finite resource, and data is the ultimate renewable resource.

"It's affecting every aspect of our lives, how we live, play and communicate. Data is massive."

To give an idea of how massive, Fisher states there will 44 zettabytes — 10 to the power of 21 bytes — of data in the digital universe by 2020. This will grow to 180 zettabytes by 2025. The big driver, Fisher says, is the connection of 20 to 30 billion smart "things" by 2020.

"I look at my own home and I have a large number of connected devices so it's happening already. They're connected to each other, and they're also connected to the cloud."

"Data is not static, but in motion through the devices to the cloud and it's driving business transformation. Industries across the globe are being impacted and are transforming. Financial services use it to increase and improve modelling and financial algorithms to deliver better value to their customers," Fisher said. "How many of you have been called by a credit card company to say there's unusual activity? They're using machine learning to investigate what's going on."

Intel has taken a leadership role in this, Fisher said. "We wanted to commission a study on what happens when we move to an autonomous driving community."

It turns out, according to Intel's research, there will be 250 million hours of idle time because people don't have to drive. Instead, passengers will use social media or do other activities, all of which consume data, all of which generate data.

This will create an economy known as the "passenger economy", Fisher said. "We see it growing to US$7 trillion by 2050.

"Imagine the services to be delivered to that passenger economy."

Yet, Fisher stated, technology has to transition in order to support that mass amount of data in motion. A total of 180 zettabytes of data is coming, he said, "so we have to improve bandwidth".

In the very near future, 70% of the world's mobile data traffic will be video, Intel's research finds. "This means in one second of time there will be 100 minutes of video across the network."

LEARN HOW TO BE A SUCCESSFUL MVNO

Did you know: 1 in 10 mobile services in Australia use an MVNO, as more consumers are turning away from the big 3 providers?

The Australian mobile landscape is changing, and you can take advantage of it.

Any business can grow its brand (and revenue) by adding mobile services to their product range.

From telcos to supermarkets, see who’s found success and learn how they did it in the free report ‘Rise of the MVNOs’.

This free report shows you how to become a successful MVNO:

· Track recent MVNO market trends
· See who’s found success with mobile
· Find out the secret to how they did it
· Learn how to launch your own MVNO service

DOWNLOAD NOW!

David M Williams

joomla site stats

David has been computing since 1984 where he instantly gravitated to the family Commodore 64. He completed a Bachelor of Computer Science degree from 1990 to 1992, commencing full-time employment as a systems analyst at the end of that year. Within two years, he returned to his alma mater, the University of Newcastle, as a UNIX systems manager. This was a crucial time for UNIX at the University with the advent of the World-Wide-Web and the decline of VMS. David moved on to a brief stint in consulting, before returning to the University as IT Manager in 1998. In 2001, he joined an international software company as Asia-Pacific troubleshooter, specialising in AIX, HP/UX, Solaris and database systems. Settling down in Newcastle, David then found niche roles delivering hard-core tech to the recruitment industry and presently is the Chief Information Officer for a national resources company where he particularly specialises in mergers and acquisitions and enterprise applications.