Business insights

Is transformative change for rail going fast enough?

Is transformative change for rail going fast enough?

A number of disruptive technological developments are set to change the world of rail for the better. Electric and autonomous trains, blockchain, data analytics, Big Data and Virtual Reality (VR) are ready to take center stage, but is the industry ready to leverage their potential?

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Electric and autonomous trains, but also blockchain, data analytics and Big Data along with VR are set to be game changers for rail in 2023 and beyond.

Time for rail to truly embrace disruptive technology 

Disruptive technology has the potential to bring about transformative change for the rail industry. One example of such technology is offered by electric and autonomous trains. Electric trains have been in use for over a century, but new advances in battery technology and renewable energy sources are making them more practical for long-distance travel.

New technologies and the rising role of data

The use of electric trains not only reduces dependence on fossil fuels and lowers carbon emissions, but it also improves energy efficiency and lowers operating costs. Autonomous trains, on the other hand, can improve safety, increase efficiency and reduce labor costs.

Another disruptive technology that is making an impact on the rail industry is the use of blockchain technology. Blockchain can be used to improve the efficiency of supply chain management and ticketing systems, as well as increase transparency and security for both operators and passengers.

Advanced analytics and big data technologies are also being used to optimize the scheduling, routing and maintenance of trains. This can help to reduce delays and improve the overall customer experience.

Virtual reality providing new perspectives for rail transport

Another transformative technology is the use of virtual reality, augmented reality and other interactive technologies to enhance the passenger experience. For example, virtual tours and interactive maps can be used to provide information about the route and surrounding areas, while augmented reality can be used to provide real-time information about train status and arrival times.

Overall, the rail industry is facing a period of significant change as new technologies are adopted and integrated. These disruptive technologies have the potential to improve efficiency, reduce costs, and enhance the passenger experience, leading to a more sustainable and customer-centric rail system.

Francesco Moretti - Fincons Group Francesco Moretti

Fincons Group

Group Deputy CEO and CEO International