The end of traffic jams

28

September

2018

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Ever saw a camera along the side highway and were worried that you would get a ticket for speeding? You probably don’t have to worry, these cameras have been installed with a different purpose in mind. Most of these devices have been installed to monitor traffic conditions and provide visuals in the case of a collision. However, as significant technological advances have been made in this sector (mainly caused by artificial intelligence), these devices might get another purpose. They could actually help us optimize our traffic flow or identify dangerous zones were accidents often occur.

Researchers from the Texas Advanced Computing Center and the University of Texas Center for Transportation Research are currently developing software which can perform traffic analyses and find patterns through deep learning and data mining. This software could easily analyse the thousands of hours worth of footage the government collects each day.

Whilst this new tool is still in its infant stage, it already has to ability to use raw traffic footage to recognize objects – people, cars, buses, trucks, bicycles, motorcycles and traffic lights – and characterize how those objects move and interact. The collected information can then be analyzed and queried by officials to facilicate evidence-based decision making.

As this, and similar tools will quickly be further developed, they have the ability to optimize our daily commute to the office, reducing traffic jams and minimizing the potential of collisions. I, for one, can’t wait of these technologies to be incooperated into our daily lives so I will no longer spend a major part of my life cursing in traffic jams. Are you as excited about the potential of artificial intelligence as I am? Let me know in the comments!

Source:
https://sciencenode.org/feature/urban-traffic-and-ai.php

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Is Coolblue losing its competitive edge?

24

September

2018

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Is Coolblue losing its competitive edge?
Coolblue, the famous Dutch online retailer of electronics, is often considered a front-runner who successfully embraced digitization and innovation. Many start-ups all around the Netherlands are looking at Coolblue, trying to immediate their information strategy, hoping to become just as successful as Coolblue is. However, serious red flags pop up when analyzing Coolblue’s strategy and perhaps we should think twice before immedating it’s strategy.

So, what are some of those red flags?
Firstly, Coolblue’s biggest competitors, Amazon and bol.com, launched their mobile applications numerous years. Coolblue only launched it’s mobile application last month (1). To make matters worse, their application is not working properly and is lacking many functionalities. Whilst statistics indicate that smartphone revenues will overtake desktop revenues by the of this decade (2), Coolblue has made a continuous choice ignoring this trend and could therefore potentially be missing out on huge amounts of profits.

Moreover, Coolblue’s competitors are transformating their business models from product-driven to service-driven revenue streams. Amazon, for example, is offering cloud-storage services and bol.com offering ebook subscriptions to its customers. Coolblue, on the contrary, is still heavily investing in traditional product-driven business models, as they expanded their own carrier services and opened up numerous additional physical stores in the Benelux last year.

Future of E-Commerce
Experts believe that adapting business models to these emergings trends is essential to survive in the e-commerce industry, where profit margins are slim and switching costs to competitors are mimimal to non-existent. Could Coolblue be making some fatal decisions when it comes to their information strategy and potentially lose its competitive edge? Will bol.com and Amazon take its place or will other players enter the e-commerce market with new, innovative strategies to outperform the fierce competition?

What do you think? Let us know in the comments

Sources:
(1) https://androidworld.nl/apps/coolblue-android-app/
(2) https://www.outerboxdesign.com/web-design-articles/mobile-ecommerce-statistics

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