UK could unlock £14bn by sharing transport data

UK could unlock £14bn by sharing transport data

Home / News | posted on 12 04 2017

Innovation in transport is at risk because data is not being shared in the sector, according to a new report commissioned by the Transport Systems Catapult (TSC).

Fears around cyber security, lack of data literacy skills and a legacy of viewing transport modes such as rail and road in isolation are restricting the free flow of information, preventing the UK from unlocking the full potential of its transport network. According to the TSC, overcoming these barriers could unlock £14bn of benefits from new innovations by 2025. Technologies such as driverless cars, journey planning apps and smart ticketing are all identified as opportunities which can be fully exploited with a strong data regime that opens and shares as much data as possible while respecting privacy. Andrew Everett, Chief Strategy Officer at Transport Systems Catapult said, "Overcrowding on our rail network, congestion on our roads and the ongoing struggle with pollution and climate change can all be addressed by Intelligent solutions which make use of the opportunities afforded to us by new technologies. However, data is the key which unlocks the door to these innovations and, under the current status quo, data accessibility levels will remain inadequate for the UK to benefit fully. Issues such as cyber security should be tackled head on to overcome this and a coordinated approach between government and industry will be required to move forward".

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