Intel has an unprecedented set of product offerings in the smart city space. For ages, says Yogesh Desale, market research analyst at MarketsandMarkets, Intel has been assisting smart city proponents to strategically develop their smart city plans powered by Intel’s robust ecosystem partners, including technology enablers, infrastructure providers, networking giants, Independent Software Vendors (ISVs), and System Integrators (SIs).
On an architectural level, the smart city is a complex ecosystem and functions on different layers that propel the demand for strong and flexible collaboration between technology and smart city stakeholders. Intel has led the smart city space with its decades of experience to execute smart city plans effectively.
Vision for smart mobility
In March 2020, Intel has shown its vision to accelerate the growth of smart urban mobility with the acquisition of Moovit, one of the innovative mobility-as-a-service (MaaS) solution providers at a whopping amount of US$900 million. Moovit, an Israel-based company has started its journey in 2012 with a strong customer base globally.
Moovit was an early believer in multimodal transportation services wherein travellers can opt for the different public, private, bicycles, ride-hailing, and car-sharing services to reach their destinations. The mobility as a service platform simplifies passenger’s journey by delivering all the available transportation services within a defined area to reach the destination. This service helps improve passenger experience and reduce travel time while minimising the cost of transportation.
Now part of Intel’s Mobileye
Following this acquisition, Moovit would be part of Intel’s Mobileye, specialises in ADAS technology that enables safety in the vehicle, and delivers an immersive experience to the passengers. Over the last few years, Intel has made a significant capital investment in emerging and high-profit smart mobility segments such as connected cars, autonomous vehicles, and urban mobility services.
The growth in urbanisation has showcased demand for an end-to-end transportation service that focuses on a customer-centric business model. Moovit has an existing customer base of 800 million users in 102 countries with services in 3,100 cities. Further to this, the company has strong mobility ecosystem partners, user’s public transit data, and a highly-skilled workforce. This could supplement Mobileye’s vision to transform the future of smart urban mobility.
The world has been suffering through the COVID-19 pandemic that has changed entire health, social, and economics equations globally. This is awakening signals for governments, policymakers, global organisations (WHO and WEF), and businesses to become well prepared and execute the plans strategically to alleviate the impact of such a pandemic on global economies and human beings.
Limit spread of viral disease
Nowadays, technology is playing a vital role in this pandemic by serving the prerequisite services to digital infrastructure, which are supporting nations’ social and economic activities. In the future, handling or restricting a COVID-19-like pandemic would be a key part of urban and rural development strategy. Smart mobility will be an important aspect of the urban mobility that can deliver the necessary measures, practices, and compliance to safeguard citizens and limit the spread of viral diseases in the environment.
Technology vendors such as Intel can explore those angles as well deliver mobility services built with predefined measures and compliance to create a healthy environment in the society, which in turn adds value to the global economy and society.
The author, Yogesh Desale, is market research analyst at MarketsandMarkets.