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A hit-and-run Pecha Kucha-style crash course talking about the Sharing Economy, Technology and Transit. How can this evolving business model and related service support transit agencies in the future?
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The Sharing Economy and Transit
Illustration source: Fast Company
PAUL SUPAWANICH@tweetsupa
What is the Sharing Economy? (e.g., collaborative consumption)
A popular way to access goods and services in new and less expensive ways. Its many innovations include car sharing, ridesharing and peer accommodations.- Bayshare
Why Sharing and Why Now?
Nights booked/30 months
1,0
00
,00
0
1 25
0,0
00
1
Rides taken/14 days
Manifested in Reality:
Sharing Economy: Transportation Edition
Long-distance Ridesharing
Commute-based Ridesharing (Carpooling)
Taxi-style Ridesharing
Peer-to-Peer Carsharing
How does this affect transit?
Reason #1: 100 Types of bottled water
Providing Choice:Differentiating factors in shared transportation:
- Personal connection- Conversation- Availability
Reason #2: Uncertainty of Funding
Must schedule at least a day in advance30 minute pickup windowNo real time information
Hypothetical Scenario
$42.11 per Ride
Same day availabilityOn-demand serviceReal-time arrival information
<$42.11 per Ride*
*probably
The Sharing Economy is going to save the transit world
What I am suggesting:
Transit agencies should dare to be creative with these new tools to serve specific markets
They can be embraced as methods that supplement existing transportation services
Sharing economy users are likely transit users.
Expansion of these services help enable a car-free or car-lite lifestyle
Providing Last-Mile Services
Improving access to carsharing at transit stations
Optimizing Existing Services
Volunteer ridematching services
If we can leverage the sharing economy to:
*probably
Increase Choice Reduce Costs
Transit Agencies Win
EveryoneLeaves Happy!*
Consumers Win
Paul [email protected]@tweetsupaAll slides available via slideshare.net/paulsupawanich