Description: People have made fortunes selling cars and trucks. For many of us, a car is the second most expensive thing we’ll ever buy. But experts say the value of vehicles will likely pale in comparison to the riches from our cars’ data.
“Data is the currency of the digital age,” said Jim Barbaresso, who leads Intelligent Transportation Systems at HTNB. “Vehicle data could be the beginning of a modern day gold rush.”The gold rush analogy is a common one, made by everyone from Barbaresso to the CEO of Daimler. Here’s why there’s so much potential:
Cars increasingly have sensors and cameras to track their performance and their surroundings. Vehicle sensors, for example, can better tell when an engine part is in need of replacement. A back-up camera doesn’t just help us park, it can tell how many pedestrians or vehicles are on a block.
These sensors generate data, which can be analyzed to make money. (If you doubt the way data can be turned into money, just look at the success of Google (GOOG) and Facebook (FB, Tech30). They offer free services to billions, and make a fortune off the data they collect.)
Description: City staff in Toronto and Ottawa have developed draft regulations that would create a new set of rules for app-based ride hailing services.
Source: Tech Vibes
Date: April 11, 2016
On Friday, Ottawa City Council’s community and protective services committee voted to approve the new regulations. That means they’ll go before the entire city council for a vote on Wednesday.
If that passes, the new rules will go into effect in September. That would make Ottawa the second city in Canada to license and regulate Uber, after Edmonton.
Under the new rules, Uber and other “private transportation companies,” as the city describes them, will have to pay a license fee to operate in Ottawa. That fee caps out at just over $7,000 a year. There will also be $0.11-per-trip charge.
Both PTCs and their drivers will have to carry insurance. Companies like Uber will have to have $5 million in commercial liability and $5 million in non-owned automobile insurance. Drivers will have to obtain “suitable” insurance.
Drivers will also have to get annual criminal record checks and vehicle inspections. Companies like Uber would be required to provide proof of that to the city on a regular basis.
Taxi drivers say they don’t like the new rules and that they’ll continue protesting.
Description: Uber — which directly employs fewer than 4,000 of the more than 160,000 people in the United States who depend on it for at least part of their livelihood — and similar companies pose a challenge to longstanding notions of what it means to hold a job.
As it happens, though, Uber is not so much a labor-market innovation as the culmination of a generation-long trend. Even before the founding of the company in 2009, the United States economy was rapidly becoming an Uber economy writ large, with tens of millions of Americans involved in some form of freelancing, contracting, temping or outsourcing.
The decades-long shift to these more flexible workplace arrangements, the venture capitalist Nick Hanauer and the labor leader David Rolf argue in the latest issue of Democracy Journal, is a “transformation that promises new efficiencies and greater flexibility for ‘employers’ and ‘employees’ alike, but which threatens to undermine the very foundation upon which middle-class America was built.” Read Rest of Story
Questions for discussion:
1.What is the “Uberization of the economy”?
2. Wha tare the benefits of the the Uberization of the economy?
3. What are the threats of the the Uberization of the economy?