Unlocking commercial opportunities from intelligent transport systems
For BusinessNZ on behalf of the Intelligent Transport Advisory Group
New Zealand has a multibillion dollar opportunity to develop new, high-technology businesses in Intelligent Transport Systems. While there are already some areas of comparative advantage and emerging solutions, these can be accelerated and enhanced through focussed initiatives in key areas.
“Intelligent Transport Systems” or “ITS” refers to new and emerging technologies applied to vehicles, including on land, in the air and at sea, the infrastructure to support the use of vehicles, and the operating systems which make the vehicles genuinely intelligent. ITS technologies are used in a wide variety of industries beyond transportation and logistics, including agriculture, food processing and tourism.