TITLE:
Analysis of the Challenges Faced by the Rail Sector: Understanding the Rail Industry of the Future through the Incorporation of Technology and Digitisation
AUTHORS:
Garazi Carranza, Olatz Amorrortu, Oihane de la Rua
KEYWORDS:
Railway, Innovation, Technology, Competitiveness, Digitalisation, Rolling Stock, Infrastructure
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.4,
July
17,
2023
ABSTRACT: Technology and
digitalisation will transform today’s railway industry. The digitisation of
rail will increase its capacity, safety and comfort, maintaining the EU’s
leadership in rail transport equipment and services. New technologies such as
Artificial Intelligence, Big Data, Cloud Computing, etc. will have a major
impact on the sector. Innovation will play a vital role as it will serve as a
catalyst for the development of the necessary advances for the sector. This article aims to define the key drivers and milestones, as well as
the technologies that enable the development of solutions to face these
challenges. The article provides an understanding of the future of the sector
through the incorporation of technological and digital transformations.
Furthermore, the analysis aims to contribute to strengthen the capacity of
companies to innovate and thus contribute to EU policies towards a greener and
more digital economy, while supporting the resilience of the industry through
innovation.