Business Unusual

How ride-sharing companies such as Uber are changing transport forever

We’ve become used to companies such as Uber, who arranges one-time rides on an on-demand basis.

This industry have become popular due to three recent technological advances:

  • GPS navigation devices to determine a driver's route and arrange the shared ride.

  • Smartphones for a traveller to request a ride from wherever they happen to be.

  • Social networks to establish trust and accountability between drivers and passengers.

These elements are coordinated through a network service, which can instantaneously handle the driver payments and match rides using an optimisation algorithm.

The Money Show’s Bruce Whitfield interviewed Business Unusual Correspondent Colin Cullis.

Scroll down to listen to the audio.

Uber is valued at $50 billion. Five years ago it didn’t exist!

Colin Cullis

Uber is not a taxi company. It’s a massive data aggregator.

Colin Cullis

Uber now allows strangers to share taxis.

Colin Cullis

Uber in New York has students on bicycles who deliver documents.

Colin Cullis

The Afta Robot App is there to help our taxi industry.

Colin Cullis

This article first appeared on 702 : How ride-sharing companies such as Uber are changing transport forever


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Uber-like same day delivery service PicUp partners with TomTom

Uber-like same day delivery service PicUp partners with TomTom

Innovative logistics company PicUp has partnered with TomTom Africa to revolutionise the concept of same-day delivery.

American venture capitalist invests in local Uber-esque home cleaning service

American venture capitalist invests in local Uber-esque home cleaning service

A local, Uber-like home-cleaning service has been selected by Silicon Valley-based venture capital fund 500 Startups.

"Tech doesn’t always benefit society! Be less arrogant when discussing Uber!"

"Tech doesn’t always benefit society! Be less arrogant when discussing Uber!"

A little less arrogance from the tech-besotted elite will lead to a much healthier debate, says 702/CapeTalk's Mike Wills.

Consumers rejoice! South African startup Zapacab to help meter taxis battle Uber

Consumers rejoice! South African startup Zapacab to help meter taxis battle Uber

A local firm is relaunching as a “white label” mobile taxi hailing service to help meter taxis compete with Uber.

How Uber is changing public transport (and why taxis are running scared)

How Uber is changing public transport (and why taxis are running scared)

Uber is a serious threat to the public transport status quo here and everywhere else.

Uber plans to create 15K jobs in SA (if it weren't for regulatory constraints)

Uber plans to create 15K jobs in SA (if it weren't for regulatory constraints)

Uber has created 2000 jobs since launching and want to create 15 000 more. However, it faces severe regulatory constraints.

Popular articles
[LISTEN] Biomimicry could be the answer to Cape Town’s water crises

[LISTEN] Biomimicry could be the answer to Cape Town’s water crises

Certified biomimicry professional & founder of Biomimicry SA Claire Janisch chats about how biomimicry can help humans adapt.

Hawks video shows fugitive Ajay Gupta leaving SA

Hawks video shows fugitive Ajay Gupta leaving SA

The Hawks are in possession of video footage showing Gupta, wanted in connection with Vrede dairy farm scandal, leaving SA.

JoJo - struggling to keep up with demand - now has a turnover of R600 million

JoJo - struggling to keep up with demand - now has a turnover of R600 million

The JoJo brand has entrenched itself in the psyche of South Africans. Bruce Whitfield interviews its MD, Grant Neser.

'Today, Zuma declared war on the ANC'

'Today, Zuma declared war on the ANC'

Political analyst Richard Calland says there was a sinister and threatening tone to President Zuma's interview with the SABC.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.

Clifton in Cape Town is the 2nd best beach in the world – National Geographic

Clifton in Cape Town is the 2nd best beach in the world – National Geographic

The magazine describes Cape Town as a city flanked by stunning beaches and calls it “The African Capital of Cool”.