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Internet of Things, big data and the economics of networked vehicles

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  • Knieps, Günter

Abstract

The evolution of special purpose standards for networked vehicles towards IP based communication networks and the high-volume data processing requirements call for the introduction of a new concept – the big data virtual network. The virtual network operator, which may be integrated with the operators of networked vehicle applications, combines sensor and camera devices with big data, either using large data centers (cloud computing) or local processing (fog computing), and complementary QoS (Quality of Service) differentiated bandwidth capacities from the all-IP network. The growing importance of camera-based sensors as well as geo-awareness requirements create a need for more pronounced QoS differentiated bandwidth as well as big data processing efforts. In particular, combining QoS differentiated all-IP bandwidth capacities with local data processing within the edge cloud constitutes a new task for big data virtual network service providers, enabling deterministic guarantees for ultra-low latencies required for networked fully automated (driverless) vehicles.

Suggested Citation

  • Knieps, Günter, 2019. "Internet of Things, big data and the economics of networked vehicles," Telecommunications Policy, Elsevier, vol. 43(2), pages 171-181.
    • Handle: RePEc:eee:telpol:v:43:y:2019:i:2:p:171-181
    DOI: 10.1016/j.telpol.2018.09.002
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    References listed on IDEAS

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    1. Bauer, Johannes M. & Knieps, Günter, 2018. "Complementary innovation and network neutrality," Telecommunications Policy, Elsevier, vol. 42(2), pages 172-183.
    2. Fagnant, Daniel J. & Kockelman, Kara, 2015. "Preparing a nation for autonomous vehicles: opportunities, barriers and policy recommendations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 77(C), pages 167-181.
    3. Günter Knieps & Volker Stocker, 2016. "Price and QoS differentiation in all-IP networks," International Journal of Management and Network Economics, Inderscience Enterprises Ltd, vol. 3(4), pages 317-335.
    4. Günter Knieps, 2015. "Entrepreneurial Traffic Management And The Internet Engineering Task Force," Journal of Competition Law and Economics, Oxford University Press, vol. 11(3), pages 727-745.
    5. Günter Knieps, 2011. "Network neutrality and the evolution of the internet," International Journal of Management and Network Economics, Inderscience Enterprises Ltd, vol. 2(1), pages 24-38.
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    Cited by:

    1. Jurva, Risto & Matinmikko-Blue, Marja & Outila, Tarja & Merisalo, Virve, 2021. "Evolution paths of stakeholder-oriented smart transportation systems based on 5G," 23rd ITS Biennial Conference, Online Conference / Gothenburg 2021. Digital societies and industrial transformations: Policies, markets, and technologies in a post-Covid world 243151, International Telecommunications Society (ITS).
    2. Parcu, Pier Luigi & Innocenti, Niccolò & Carrozza, Chiara, 2022. "Ubiquitous technologies and 5G development. Who is leading the race?," Telecommunications Policy, Elsevier, vol. 46(4).
    3. Guenter Knieps, 2021. "Data-driven sector coupling in 5G-based smart networks," Competition and Regulation in Network Industries, , vol. 22(1), pages 53-68, March.
    4. Wagner, Dirk Nicolas, 2020. "The nature of the Artificially Intelligent Firm - An economic investigation into changes that AI brings to the firm," Telecommunications Policy, Elsevier, vol. 44(6).
    5. Chae, Bongsug (Kevin), 2019. "The evolution of the Internet of Things (IoT): A computational text analysis," Telecommunications Policy, Elsevier, vol. 43(10).
    6. Günter Knieps, 2019. "Internet der Dinge und die Zukunft der Netzökonomie [Internet of Things and the Future of Network Economics]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 99(5), pages 348-354, May.
    7. Richard Lutz & Christian Böttger & Alexander Kirchner & Günter Knieps, 2019. "Deutsche Bahn between public service provider and profit: is it time for a radical restructuring?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(05), pages 03-16, March.
    8. Queder, Fabian & Lehr, William & Haucap, Justus, 2020. "5G and Mobile Broadband Disruption," ITS Conference, Online Event 2020 224872, International Telecommunications Society (ITS).

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    More about this item

    Keywords

    Internet of Things; Networked vehicles; Big data; Cloud; Fog computing; Sensor networks; Automated driving; Virtual networks;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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