Rahul Vijay, Global Head of Connectivity at Uber Shares Insights how Uber uses connectivity to gain competitive edge over traditional taxi firms and delivery companies.
DUBAI, United Arab Emirates, 11 July 2019 –On the final day of the Global Manufacturing and Industrialisation Summit (GMIS) in the Russian city of Yekaterinburg, Rahul Vijay, Global Head of Connectivity at Uber shared insights into how the US company has used connectivity to gain competitive edge over traditional taxi firms and delivery companies.
In the session Flash of Insight: How New Age Companies are Using Connectivity and the Internet of Things (IoT) to Gain Competitive Edge Vijay said the Internet of Things (IoT) had become the core of Uber’s operations, driving of revenue growth and cost reduction. He ran through the company’s impressive figures – it is present in 70 countries and 700 cities worldwide, operating 10 billion trips a year or 200 trips a second, using the 93 million drivers at its disposal – and detailed how the firm had evolved from the basic concept of people moving people, to things moving people and things moving things with launch of bike and scooter rentals and drone delivery services and autonomous vehicles.
Vijay told the Summit that connectivity had allowed Uber to quickly and nimbly enter and expand in new markets. He said the company had evolved in tandem with the transformation in communication technologies, beginning with simple mobile services to now harnessing IoT to optimise its operations and maintain its competitive advantage, while also adding new services to its portfolio.
The main competitive edge that IoT gives Uber is that it is able to continue operating when wireless networks drop out. Vijay said Uber was now looking at how its assets could serve as infrastructure for telecommunications companies. “If you think of your business as a connected company, the possibilities are endless,” said Vijay.
A joint initiative of the United Arab Emirates and the United Nations Industrial Development Organization, GMIS is the world’s first cross-industry and cross-functional platform that unites manufacturers, governments and non-governmental organisations (NGOs), technologists, and investors to build a roadmap towards investing in capabilities, fostering innovation and developing the skills needed to position the manufacturing sector at the forefront of global economic growth and a key driver to advance the 17 SDGs
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The Global Manufacturing and Industrialisation Summit (GMIS) was established in 2015 to build bridges between manufacturers, governments and NGOs, technologists, and investors in harnessing the Fourth Industrial Revolution’s (4IR) transformation of manufacturing, to enable the regeneration of the global economy. A joint initiative by the United Arab Emirates and the United Nations Industrial Development Organization (UNIDO), GMIS is a platform that presents the manufacturing sector with an opportunity to contribute towards global good, and that is committed to bringing benefit to all. As the world’s first cross-industry initiative, GMIS offers a platform for leaders to engage on the issue of the future of manufacturing, highlighting the need for greater investment in capabilities to foster innovation and drive skills development on a global scale. Uniting key stakeholders – including world leaders, industry CEOs, and specialist researchers and academics – GMIS has placed manufacturing at the heart of economic transformation and government policy-making, promoting it as a tool for global cooperation and collaboration.
The first edition of the Global Manufacturing and Industrialisation Summit was held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at the Paris Sorbonne University Abu Dhabi in March 2017. It brought together over 3,000 leaders from government, business, and civil society from over 40 countries to advance manufacturing and industrial development globally, and to identify key trends and opportunities across 6 themes.