The rail sector can drive important and innovative updates with a direct impact on the global economy.
The rail industry has a very important role in innovation, jobs and economic growth. Because of its broad impact on the global economy, the rail industry is under a lot of pressure concerning to modernization in order to remain updated in a hyper competitive landscape.
To enjoy a competitive advantage, the rail sector must invest in new technologies, improve its capacity, provide more efficient services, products and operations, ensure connectivity and data processing in order to analyze equipment status in real time and enhance environmental sustainability.
In the railway sector, it is possible to improve innovation, create new services and products while creating highly specialized tech jobs. This is the main reason why the rail sector must be updated regarding the use and support of new technologies, although it seems to be something very challenging for the sector.
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Digital transformation on the rail sector
According to BCG, the blueprint for transformation draws upon three key digital actions: develop new business models and offerings, with multidimensional platforms, smart cities and easy-to-Use Customer Interface; digitalize core operations, with automated train operations and advanced analytics; and build a robust internal digital foundation with digital and engineering talent.
That means that the growth of the industrial rail market demands a full integration of digital technologies which brings some challenges for the rail and technological industries, including creating new transport solutions that are environmentally friendly, and linking digital and IT skills to the specificities of the rail sector.