• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Taxis   a new beginning (te)
 

Taxis a new beginning (te)

on

  • 692 views

Just why is the taxi business the way it is? What could be done better? How could it be done better? A Demand Responsive Transit Exchange will better connect supply and demand for any vehicle type ...

Just why is the taxi business the way it is? What could be done better? How could it be done better? A Demand Responsive Transit Exchange will better connect supply and demand for any vehicle type that can be used to carry passengers in any city, town or village anywhere on earth.

Statistics

Views

Total Views
692
Views on SlideShare
692
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Taxis   a new beginning (te) Taxis a new beginning (te) Presentation Transcript

    • .The taxi industry: A New Beginning
    • search application for transit
    • Did you know that shared is the "normal" mode of taxi usage in most countries Kampala, Uganda
    • Madrid, Spain - 1930s
    • Minibus in
    • Crowded Jeepney in Downtown Traffic, Manila, Philippines
    • Nairobi, Kenya
    • Matatu - South
    • And yet, sharing cabs is by nomeans only a developing world phenomenon
    • As recently as the 1920s, it was the norm in most countries
    • Did you know that the taxi industry is the only transport sector in which customers stillregularly post-pay for their rides?
    • Post-Pay - that means, you ridefirst and then pay. Exposing the vehicle operators to credit risk.
    • Can you imagine an airline in which that was normal practice?
    • $800 please
    • And speaking of airlines, did you know that it costs more to travelper mile in a Hackney cab in London, than it did flying to New York on Concorde?
    • And back
    • That it costs more to take a cab-ride 10 miles to a London airport ......
    • ...........than it does to fly to Munich?
    • yes.Munich!
    • Why is that?
    • Could things be anydifferent in the taxi business?
    • Could things be any better ?
    • So, whats the big idea?
    • Getting strangers to share taxis on a largescale
    • by pre-summoning their ride in a vehicle type of their choosing
    • What are yousmoking?
    • Yet it has been done and has been proven to work
    • Yet it has been done and has been proven to work
    • Strangers used SMS to hail avehicle for a shared ride and travelled together
    • Could we now have a taxi system thatadapts every hour to its customers?
    • Or even every minute?
    • That is flexible andresponsive to the demands of its customers?
    • Offering a choice ofservice levels, prices and ride qualities
    • A choice of different vehicle types
    • Large capacity buses for peak times.
    • Cars for off peak
    • A choice of ambience
    • Choice of ride partner
    • Taxis for parents with small children
    • suitable vehiclesfor the mobility impaired
    • Taxis for club meets
    • Taxis to help nurses get to work cheaply
    • Taxis for doctors
    • Taxis for co-workers
    • The potential applications are endless.
    • Eliminate thelanguage problem ofboth hailing a cab.....
    • and specifying a destination
    • Innovative, intuitive new hailing mechanisms
    • Branded taxi firms?
    • Buses could now operatealmost like taxis, picking uppeople from near their front
    • Or indeed taxis could be now be consideredto be buses, replacing functions undertaken by previously scheduled services.
    • Like a schoolbus
    • With a certain group of peopleinside, like business travellers
    • Or activity partners .
    • Or corporate outings
    • Businesses could get more custom.....
    • and customers could avoid the hassle of trying to arrange a designated driver
    • or the hassle of a conviction
    • Women could opt to travel in women onlytaxis for safety purposes.
    • with a woman driver
    • And how about payment methods?
    • Could these be done any better?
    • Credit Cards?
    • TextMessages?
    • Vouchers?
    • How about
    • Huh ?
    • As in you pay a small feeupfront to be able to geta ride at a certain (lower) price in the future
    • Like on a stock exchange
    • which is where suchderivatives found their first largescale uses.
    • Or even ona currencyexchange
    • And Forwards and Futures?
    • Huh again?
    • Like buying your trips in advance
    • Like booking a hotel or airline
    • Or buying crops before they are even grown
    • Rate your driver
    • Rate your travel partners
    • Rate your overall experience
    • As when buying airline seats,know the final price of the tripbefore you get in - based on your destination
    • And know when your vehicle is due to leave - because YOU booked it
    • Compare providers
    • And if you cannot use your booked trip, sell it back.
    • And if you cannot use your booked trip, sell it back. To the Exchange
    • Like a trader!
    • That - in a nutshell - is theTransit Exchange Concept
    • It finds travel partners for you, with similartransport needs, to lower the cost of travel
    • while keeping earnings up for the vehicle operators.
    • Because we are all more connected than we know.
    • Thank you for watching
    • What is oursecret sauce?
    • credit contagion
    • credit contagion +social network mask
    • credit contagion +social network mask + location aware cellphones
    • credit contagion +social network mask + location aware cellphones = dynamic matching
    • We are more closelycorrelated than we imagine
    • Based on certaindemographics factors, manyof us have similar itineraries
    • So often, there is someone wecould share a ride with. If only weknew they had the same need as us
    • The key problem has been overcoming
    • The coincidence of wants
    • So has thisworked anywhere yet?
    • Isle of Wight, UK
    • July - December 2008
    • 700 sharedtrips fulfilled
    • What makes a transit exchange work where all other approaches have failed?
    • What percentage does theexchange take?
    • What percentage does theexchange take? 25%
    • 25%?
    • Isnt that a lot?
    • The "Math"100 cabs 8 trips / day *
    • The "Math"100 cabs 8 trips / day * * 5 passengers / cab
    • The "Math"100 cabs 8 trips / day * * 5 passengers / cab * £10 / passenger
    • The "Math"100 cabs 8 trips / day * * 5 passengers / cab * £10 / passenger = £40,000
    • Our uniqueapproach is holistic
    • We combine
    • operational concepts brandingbackend algorithms change the problem space
    • What powers the exchange?
    • Less traffic on theroad
    • Take people to and from railway stations
    • Work as a kind of "text and ride" for light transit systems