Welcome!

Cognitive Computing Authors: Yeshim Deniz, Liz McMillan, Elizabeth White, Pat Romanski, Zakia Bouachraoui

Related Topics: @ThingsExpo, Mobile IoT, @DXWorldExpo

@ThingsExpo: Blog Feed Post

It’s the Sharing, Stupid! | @ThingsExpo #IoT #M2M #SmartCities

We live in a world where you can press a button and request a self-driving car, what will change when fleet cars are autonomous?

“Self-driving cars are the future of ride-sharing,” proclaimed an industry expert who shall remain nameless. The comment struck me as ridiculous. From my point of view, Uber (and all car services) already provide self-driving cars. You don’t drive the car; the driver does. Do you really care whether the car is controlled by a human/machine partnership or it’s an autonomous mechanical device? Other than to acknowledge that you are the person the car is supposed to pick up, you don’t need to speak to the human driver any more than you would need to speak to the natural language–understanding algorithm that would request the same confirmation if the vehicle were autonomous. Should you decide to change your destination, your driver will ask you to enter the new address via the app, so talking is completely optional.

Anyway, if we already live in a world where you can press a button and request a self-driving car, what will really change when fleet cars are autonomous?

It’s the Economy, Stupid!
Cost per mile is an obvious differentiator between a human-driven livery car and an autonomous livery car. While fees vary widely, as of this writing, ride-sharing trips in and around New York City cost approximately $2 per mile. Uber charges drivers 20 percent (other services charge as low as 5 percent and as much as 30 percent). So there’s roughly $1.60 per mile left for the Uber driver. Out of that $1.60, the driver must pay for the car, insurance, maintenance, and gas. Let’s round up the IRS standard deduction of 53.5 cents per mile to 60 cents per mile to offset the cost of the car, insurance, maintenance, and gas. That puts the average cost of the driver at approximately $1 per mile.

Averaging most industry estimates, a $40,000 electric autonomous or hybrid ride-sharing fleet vehicle will cost approximately 20 cents per mile to operate. It doesn’t take much in the way of math skills to understand the industry’s desire to eliminate human drivers.

As I have previously written, there are many other benefits to autonomous vehicles including safety, but here I’d like to focus on the financial incentives that may accelerate the trend toward sharing.

It’s Happened Many Times in Many Ways
Music was once distributed for purchase on plastic disks that cost consumers $20. It is now distributed via sharing services that cost consumers fractions of a penny per stream. The same thing happened with DVDs and video. Some will argue that the music business has dealt with the shift in its economic model, but it has not. It is a business in transition. Clearly the video distribution business is about to similarly transform. No one knows how long it will take, but the customer journey will certainly fully transition from an ownership model (where you own your own copy of an asset with limited rights for usage) to an access model (where you pay for access to use the asset on demand under a similar limited rights grant).

When $40,000 Cars Cost 40 Cents and $400,000 Houses Cost $40
There is no reason to believe that anyone will be able to stop or even slow down either the arrival of a ubiquitous sharing economy or its close cousin, the on-demand economy. That said, the sequencing of this transition and its speed are not well understood. I’ve heard good arguments that predict fully autonomous urban areas by 2030 and others that say it won’t happen until 2050 or even later. But trying to time any market is a fool’s errand. Since we know that these paradigm shifts are within our technological reach, the question of timing should take a back seat to the opportunities presented by the known outcomes.

Every business can easily identify several areas where something that was once capital and resource intensive such as providing a virtually unlimited supply of potable water, creating a private data center, or generating electricity is going to ultimately transition to a simple (possibly commoditized) line-item expense such as a monthly invoice for water, power, or cloud computing.

How will you invest in this very probable future? Where will you place your bets? How will you think about which business functions and processes require internal investments, and which are so obvious and useful that outside vendors will ultimately emerge? These are questions that should be considered daily. I welcome your thoughts and opinions.

Other Articles You May Enjoy

Chipping People: Are You Ready?

ICOs: What You Need to Know

CMOs Shouldn’t Buy Tech, Ever!

How Do You See the Future?

The Five Jobs Robots Will Take First

The Five Jobs Robots Will Take Last

Just How Dangerous Is Alexa?

I’d Pay You $500,000 a Year, but You Can’t Do the Work

Machine Learning & AI: When to Start?

Artificial Intelligence: 5 Things Every CEO Should Know

The post It’s the Sharing, Stupid! originally appeared here on Shelly Palmer

Read the original blog entry...

More Stories By Shelly Palmer

Shelly Palmer is the host of Fox Television’s "Shelly Palmer Digital Living" television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.

IoT & Smart Cities Stories
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the tec...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...