RAIL: FOUR MEGATRENDS TO WATCH IN 2030
Global megatrends ranging from disruptive technology to the rise of megacities promise to shake the railroad industry in the coming 10 years. Yet to be prepared is to be aware of these major changing forces, so one can plan with greater confidence.
It’s time to address these trends head-on with strategic and technological solutions:
Innovative vision – Innovate constantly to improve energy efficiency, infrastructure planning, customer satisfaction, and more.
Digitally transformed systems – Digitalize using artificial intelligence (AI), Internet of Things (IoT) and smart devices for automated systems and reliable, agile rail management
Cultural change – Be in the know of creating the ideal workplace for the industry’s most vital asset – its people – and retain these sought-after talents
Smart operations – Improve visibility and tracking of all operations from safety to remote work management
Rail Change is Coming.
Be Aware to be Ahead
GLOBAL MEGATRENDS
Megatrends are large-scale social, economic, political, environmental or technological forces that can fundamentally change our society and the global economy. To be better prepared to adapt to these seismic changes, we’ve highlighted key megatrends for you to keep an eye on:
Disruptive Technology
From IoT to AI, today’s cutting-edge technology will continue to mature and disrupt. Like the others, the railroad sector will also be impacted as systems become dominantly digitalized and highly integrated by 2030.
Megacities
Globally, cities are growing exceptionally dense and as more megacities emerge, rail network design and infrastructure will become more complex. This means creative solutions will be needed to keep our communities seamlessly connected.
Social Responsibility
As countries work to reduce their carbon footprint to tackle climate change effects, transport demand continues to rise in parallel. Greener, high-volume transport options will thus be needed urgently and energy-efficient rail systems will go a long way in helping cities achieve both goals.
Globalization
Globalization is a boon for knowledge sharing internationally, bringing down costs and improving efficiency, and technology has been a key enabler. Going forward, lowering barriers to tech, such as in the railroad sector, will be essential to ensuring greater economic and social benefits.
Rail Change is Coming.
Be Aware to be Ahead
WHAT CHALLENGES LIE AHEAD?
The challenges that accompany the boom of the railroad industry are unavoidable. Getac spotlights the potential pitfalls companies will need to avoid:
Cybersecurity
Intelligent Transportation Systems (ITS) are becoming more digitized, connected and complex, but real-time OT/IoT visibility technology can and will improve cyber resilience
Population expansion
Ever-growing population densities demand speedy rail expansion, but limited resources bring about high costs and environmental degradation that will need to be mitigated
Sustainability
Rail infrastructure needs to become an integral part of the wider urban planning parameters for transport networks to expand sustainably
Scarcity of Resources
Human beings are using resources at 50% faster than the earth’s ability to regenerate. Growing transport networks must contend with increasingly limited resources
Political Limitations
Local and international laws vary and change, and the railroad industry will need to be abreast of the shifting regulatory landscape
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