There’s already technology disruption in every business sector, as digitization is now the key driver of 21st century service delivery.
In the modern society, there’s more data to process as lifestyles are more advanced with technology influencing most of human activities
Having said that, there is a need to collect a chunk of the information from the facilities that can be later analyzed, exploited and monetized.
That is, use this data to identify inefficiencies and solve them, improving processes and getting better results and advantages.
We are already in the Digital Transformation and the Energy Transition era, hence the need to advance this sector.
Data and Energy Management
In 2019, according to businesspally magazine, 35% of the apps were intended for business purposes in buildings and industries.
It is estimated that IoT (Internet of Things) equipment generates 5 trillion data daily and that it will multiply by 5 in 2025.
Despite the fact that 95% of the data generated is not being analyzed, the potential and investment in cognitive and artificial intelligence systems has exploded in recent years, says chaktty Bob.
While due to the growing climate emergency that looms over us, we must include energy management and sustainability as an essential element in all action plans, Techpally boss advised.
Also, we must ensure there’s continuous improvement in favor of a greener and more sustainable ecosystem.
We’re now in the era of green ecosystem, and every industry must ensure energy is preserved, optimized for better ecosystem and to prevent global warming and conserve the ozone.
The Railway Sector in Deep Transformation
On the other hand, the global pandemic has deeply shaken society and will continue to be a catalyst for change as we build the new normal.
The railway sector is no stranger to this VUCA scenario and is undergoing a profound transformation.
The digital transformation takes years to this present time in the area but always hidden from users, focused on operational improvement and safety of everyday life.
But now, it focuses on the increasingly digital and personalized customer experience, and this has led to a change of the Business model.
In terms of energy transition, the transport sector is responsible for about 25% of emissions of greenhouse gases, healthpally reported.
Out of this, the sub-segment rail has a weight of the 4% out of the 25%.
Railway Trends
9 major trends after the transformation of companies in the railway segment
In these trends we should add at the national level, the important milestone that will mean from December 14, 2020 in which the passenger market will be liberalized.
That is, High Speed and long distance services may be operated by other operators that They will compete with RENFE.
So the customer experience and the service that can be offered is of vital importance.
According to Techpally, the energy transition has driven the need to reduce CO2 emissions in all sectors , especially rail.
Not forgetting that energy is one of the highest costs for the manager of this system – it is estimated that it accounts for 25% of its total costs.
Note this, the main players in the sector are already implementing measures to achieve energy improvements.
Conclusion
The impacts of technology can not be overemphasized in this modern time.
The railway system is one of the oldest transportation means, but it’s often neglected now.
There are now faster means of transportation, but the rail system is still very safe and food for transporting goods.
With the address of some of the challenges of this industry and the digitization of the system, it’s already drawing attention from businesses.
In few years time, the railway system will be driven by internet of things and artificial intelligence in full term.
