We’re creating a more connected travel industry, underpinned by sustainability and long-term investor relations.
With high levels of fixed costs such as infrastructure charges and rolling stock maintenance, achieving profitability is a challenging task for a railway. Rail operators continually need to think how to reduce inefficiency, and more importantly, how to increase their profitability.
The majority of rail companies are still dependent on legacy systems, which makes it hard to focus on innovation and raises the question of how they can organise their data and identify passenger needs. The industry needs a new approach to sell more effectively and build capabilities to respond quickly to customer demand.
Legacy systems do not allow organisations to adapt as quickly as the commercial environment demands, and they cost a lot of money to develop and maintain. At a time of intense competition and market upheaval, this can mean the difference between success and failure.
Yet, how to modernize in a straightened economic environment?
The answer lies as much in limiting the impact on capital expenditure as in looking into the technology options available.
Partnerships bring the necessary skills to anticipate new shifts in customer behavior and continuously fine-tune the customer interaction. Collaborating with specialised IT companies will secure scalability, raise productivity and flexibility, cut costs, and allow rail operators to focus on their core business: running rail services.
Through IT partnerships, railways will find new, more coherent ways of developing and deploying technology innovations that can compress time and complexity – benefiting both their operations and the rail passenger.
Supporting the development of a 21st century rail network. The rail industry, which has long been held back by legacy IT...
Supporting the development of a 21st century rail network. The rail industry, which has long been held back by legacy IT systems, should adopt a strategy involving use of next generation IT solutions.Read more
Facts, figures and trends that will define the future of European passenger rail traffic. How seamless, cross-border, high...
Facts, figures and trends that will define the future of European passenger rail traffic. How seamless, cross-border, high speed rail services across Europe can become a reality?Download