The Future of the Industry 2020 and beyond

COURSEWORK 2: The Future of the Industry 2020 and beyond
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Date: 12 June 2019
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Executive Summary
Change is taking place in transportation, whether we are ready to accept it or not. One
can easily view in the public sector investment taking place in intelligent streets as well as
digital railways, and even automakers are emphasising over the next generation vehicles as
well as smart mobility services in the widen identification that in the world of information
utterly create disrupt in status quo of transportation.
The digital age has started, and the technology has come up with smartphones, open
traffic information, real-time planning, as well as social customer service. In all these years,
it’s the first time; the passengers can now attain information as compared to operators. The
fundamental shift provides the consumers with actual choices that are relied on over the
alternative picture routes, present network status and comparative pricing. As the transport
operators are adapting with the arrival of new entrants, the models of new business will try to
transform the user information, integration, payments and automation. The changes will
create the five trends of disruption in smart mobility services and transportation.
User-centred mobility services will place the travellers in control, this type of change the
approach towards planning and operations rely on user choices, the flow of data, priorities,
and dynamic response towards disruption.
An intelligent and integrated network of transport will sense the demands and will try to
measure the performance and monitor the physical assets.
Payments and pricing- the revolution will come in the coming few years. Tickets digitisation
and payment will try to transform the metro services and permit the transport operators to
adopt the e-tickets.
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Safety and automation- it will gain benefit through the exponential cognitive technology
potential to save the life of millions all over the world, especially on roads.
Private and public innovation- it will try to fulfil the challenges of mobility in the 21st
century. The public sector role will be important in stimulating the advances and saving the
citizens.
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Table of Contents
Executive Summary...................................................................................................................2
Introduction................................................................................................................................5
The Future of the Industry 2020 and beyond.............................................................................5
The Organisations Innovation Requirements 2020 and Beyond................................................8
Explanation - A Process View of Innovation...........................................................................10
Building Future Innovation Capabilities for the Organisation.................................................12
Conclusion................................................................................................................................19
References................................................................................................................................21
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Introduction
There exist no doubt that by 2020, manufacturing taking place in all the industries
will make an investment of billions of dollars in the vast range of advanced fabrication and
digital technologies (Christensen, Raynor and McDonald, 2015). It includes the 3D Nano-
manufacturing and printing technology, along with the new capabilities, which are ushered
through the massive use of Internet-connected analytics and sensors. Decisions are taken over
where the next place to invest, will rely on the leadership objectives and priorities that are
highly subject towards the market forecasts and conditions. Each new equipment of capital
investment is highly subject towards the cost/benefit analysis (Christensen, Raynor and
McDonald, 2015). The analysis outcome and the decision timing is variant in every industry,
factory or organisations.
This report will discuss the future of the industry in 2020 and beyond it. The report
will consider Transport for London (TfL) for analysing the future of the transport industry.
This report will also explain the innovation requirements of the industry and future
innovation capabilities of TfL.
The Future of the Industry 2020 and beyond
Future of Transport for London (TfL)
The international transport industry is going to enter in the era of enormous range as
well as transformative changes, as the sales will get shifted and the environmental regulations
will get tighten up. The organisations who are interested in becoming successful in the long
run will require to achieve critical strategic decisions in the coming decade (Christensen,
Raynor and McDonald, 2015).
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In the context of the powertrains trend, the main problem is related with the rate
through which the conventional power vehicles will most likely to get replaced through the
complete battery electric, hybrid as well as fuel cell buses. Information collected through the
IGS recommends that by 2020, there will be a shift towards the hybrid vehicles, though, it is
expected that complete electric vehicles will not be necessary in the market inroads till late
2020 (Christensen, Raynor and McDonald, 2015). Few starting as well as optimistic pure
electric vehicle projections are not realised, but in 2008/09, there is a forecast that there will
be around 1 million vehicles in the UK by 2020. Currently, there are approximately 300,000
plugin hybrid and electric vehicles on UK roads. The vital stimulus of the market, by the
regulatory needs and financial incentives, is required. Due to the lack of these types of
incentives, the pure-electric vehicle adoption is expected to become modest. It is noted that
UK government assist in the plugin vehicle sale by early 2016, but in case it doesn’t get
renewed then there will be minimisation in the sale of the plugin vehicle (Christensen,
Raynor and McDonald, 2015).
They are referring to the instances of the enormous changes that might take place in
the arena of transport. The driven and privately-owned cars future is not absolute, because
there are many youngsters, who are failing their driving test and car-hailing, as well as car
clubs schemes, are becoming part of the day to day life (International Transport Forum [ITF],
2016). In place of this, electric cars are gaining popularity and also consider global warming
as the priority by the car manufacturers and public authorities. In the meantime, many
autonomous vehicles are making rapid strides. Looking into the future, the engineers located
in the America west coast areas on working over the Hyperloop, which is the high-speed
system of transport including capsule shooting as well as enclosed tubes, which promise to
reduce the time of journey- for example, 380 miles are shortened to 43 minutes, and these
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