Passenger Economies

The IoT paves the way for radical changes to the functionalities of the world. One facet of society to verily benefit is that of the transportation industry.

Through the development and eventuality of autonomous vehicles, experts are exploring the notion of passenger economies that thrived based on the preferences, feedback and experiences of travelers.

Based closely upon the perks of carpooling and share-riding, vehicular ownership may phase out in favour of rider-less public services. Experts believe that the upcoming wave of autonomous vehicles could result in an economic shift that centers on the analytic responses of passengers.

24-hour and time-sensitive dispatch services might become a thing of the future as the economy steers away from vehicle ownership to target market shares of autonomous fleets.

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