Verizon plans to launch off-the-shelf telematics

‘Bringing connectivity to every vehicle’ was the vision Lowell McAdam (pictured), chairman and CEO of Verizon Communications put before delegates at the second plenary session. He said by 2017 there will be three times more networked devices than people in the world and such connectivity could radically alter transportation. “GE estimates that connected technologies have the potential to reduce the global transportation industry’s demand for fuel by 14%.”
September 10, 2014 Read time: 2 mins

‘Bringing connectivity to every vehicle’ was the vision Lowell McAdam (pictured), chairman and CEO of 1984 Verizon Communications put before delegates at the second plenary session.

He said by 2017 there will be three times more networked devices than people in the world and such connectivity could radically alter transportation. “GE estimates that connected technologies have the potential to reduce the global transportation industry’s demand for fuel by 14%.”

However, he said today Americans waste $120bn a year sitting in traffic, 30% of a city’s congestion is caused by people looking to park and only 7% of America’s 250 million vehicles are connected to communications networks.
 
McAdam told delegates: “At Verizon, we think the technology exists… to connect the vast majority of these vehicles to a wide range of intelligent services. We are committed to delivering an off-the-shelf solution that will bring the benefits of telematics to everyone next year.”  While acknowledging the work already undertaken he said: “we need to move beyond individual projects to think in a holistic way about integrating all these smart systems – connected cars, roads, buildings, power grids and communications – into a comprehensive intelligent ecosystem.” 

In pointing out President Obama’s comments that the US is the world’s largest economy but ranks 28th in terms of infrastructure investment, he issued a rallying call. “We have some decisions to make about how to invest in our future… and we’ve learned that investing in last century’s infrastructure may be cheaper in the short run but it’s way more costly in the long run.
“We need to fight for spectrum policies and tax laws that promote capital investment in the communications technologies on which intelligent transportation systems depend,” he concluded.

www.verizon.com

For more information on companies in this article

Related Content

  • New solutions to old problems set to cut emergency response times
    April 30, 2015
    David Crawford looks at the latest developments in emergency response. Ensuring speedier reactions to transport and travel crises is becoming increasingly important. US statistics suggest that as many as 1,000 ‘saveable’ lives can be lost each year in major cities because of operational defects in their SOS operations.
    Read More
  • Sensys & Verizon partner on intersections
    June 6, 2018
    Sensys Networks is here at ITS America Detroit to highlight solutions to address intersection safety - 40% of crashes, 50% of serious collisions, and 20% of fatalities occur in intersections. Unfortunately, many cities currently rely solely on historical crash data, hardly a systematic way to analyse and manage potentially harmful traffic situations. To help increase intersection safety, Sensys Networks is automating accurate and actionable safety data, and teaming with Verizon to do so. SensTraffic, the
    Read More
  • Hearing highlights economic importance of transportation system
    February 18, 2013
    The US Committee on Transportation and Infrastructure’s first hearing of the 113th Congress focused on the importance of infrastructure to the US economy and examined the role played by the Federal Government in ensuring safe, efficient, and reliable infrastructure. Chairman Bill Shuster highlighted how the quality of the nation’s infrastructure affects the lives of Americans in many ways on a daily basis, and how the Federal role in ensuring a strong transportation network is firmly rooted in the first day
    Read More
  • Mobile payment technologies for Australia
    October 11, 2016
    Contactless technology, the ability to tap your bank issued card or enabled mobile device to make a payment, has brought speed and simplicity to the in-store shopping experience. Doug Howe explains how innovations, like Contactless, in the mobile and banking industries have the potential to transform public transportation. Q Why is public transportation ripe for transformation? A Today, more than half the world’s population lives in cities; that’s a figure set to increase to 70% by 2050. International
    Read More

Highlighted Content