Friday, June 17, 2016

“Show Me the Money” Takes on Changing Business Models Disrupting the Transportation Landscape



MEDIA CONTACT: Maureen Knightly


“Show Me the Money” Takes on Changing Business
Disrupting the Transportation Landscape
Amazon Web Services Served as Host and Keynote

San Jose, CA – ITS America 2016 San Jose, the new event highlighting the changing landscape of the intelligent transportation industry, came to a close Wednesday and was capped off with a power-packed speaker lineup including Amazon Web Services’ (AWS) Frank DiGiammarino, former Secretary of Transportation Rodney Slater and U.S. Department of Transportation’s Assistant Secretary of Research Greg Winfree, as well members of the Silicon Valley Leadership Group.  Wednesday’s theme, “Show Me the Money!” featured discussions about the changing business models that are disrupting the transportation landscape.

As part of ITS America 2016 San Jose’s focus on government policy, business and technology, senior officials from the U.S. Department of Transportation joined together to offer updates on the latest developments in federal transportation policy, intelligent transportation systems programs and FAST Act implementation.   Both Winfree and Federal Highway Administrator Greg Nadeau stressed the need for smarter infrastructure and vehicles so that both public agencies and the traveling consumer can save time and money.

ITS America President and CEO Regina Hopper kicked off the week’s final keynote session by introducing this years winner of “The Intelligent Pitch,” transportation’s very own version of the Shark Tank.  As part of “The Intelligent Pitch” entrepreneurs had the opportunity to earn their seat at the table in the new age of intelligent transportation.  During this special session, four competing entrepreneurs and startups delivered a fast-paced business pitch to a panel of venture capitalist and investor judges, including Bill Malkes, CEO and Cofounder of GRIDSMART Technologies; Chris Thomas, Co-founder and Partner, Fontinalis Partners; Duncan Williams, PartnerGreenTech Capital Advisors and Quin Garcia, Managing Director, AutoTech Ventures.  This year, Yale Zhang, co-founder of SPLT (Splitting Fares) took home the grand prize. This winning proposal seeks to provide customers with a simple and easy alternative to normal commuting

Next up, Hopper sat down with former U.S. Department of Transportation Secretary Rodney Slater, who was instrumental in securing record federal investment in transportation during his tenure at the department from 1997 to 2001, namely the Transportation Equity Act for the 21st Century for surface transportation expansion and repair and the Wendell H. Ford Aviation Investment Reform Act for the 21st Century for aviation system modernization, safety, and security. Slater said that transportation is more than concrete, asphalt and steel and called for more resources to support it, especially in the age of intelligent transportation.

The Silicon Valley Group’s President & CEO Carl Guardino led a discussion with Ryan Popple, CEO, Proterra; Pasquale Romano, CEO, ChargePoint; and Joshua Switkes, CEO, Peloton that explored new business models that are driving the intersection of transportation and technology, as well as the opportunities and challenges in working with local, state and federal governments. USDOT’s Greg Winfree followed them on the keynote stage to discuss the department’s Smart City Challenge.  Winfree, who spoke about the overwhelming interest in the program, said that USDOT expects to announce the winning city in the coming weeks.

The day wrapped up with AWS Frank DiGiammarino talking about the cloud, why it is cost effective and how it applies to transportation.  Today, AWS and NASA work together to download data from Mars, and that NASA can create new things, infuse new capabilities into a mission within minutes in a more cost effective and faster way.  This same technology can be applied to smart parking, connected vehicles, ride sharing, fleet management and more. 

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(Source: Press release from https://itsamerica2016.org/)

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