Transportation agencies can monetize IoT when data becomes the new oil

Although IoT-enabled technologies and other transportation innovations may reduce recurring revenue streams, these technologies also provide a solution for recouping losses. The answer lies in the data that connected devices, infrastructure, and vehicles provide. Traditionally, the extent of transportation agencies’ involvement with any data generated from our transportation systems has been simply storing it and securing it. However, by aggregating and analyzing this data, transportation entities can identify opportunities to improve existing processes that provide return on investment (ROI).