特色

Blogpost 1

The Role of Driver in Digital Economy Era

The Role of Driver in Digital Economy Era

In my very first blog, I will be examining how the concepts of ‘The Internet of Things (IoT)’ and ‘Collaborative Economy’ in digital economy have impacted and changed job roles. I will also examine how these roles will change in the future, using the example of drivers and the well-known ride hailing company, Uber.

Retrieved from Creative Lab / Shutterstock.com

To begin with a brief introduction, Uber is an American multinational ride-hailing firm providing services that include ride service hailing, peer-to-peer ridesharing, food delivery (Uber Eats), and micro-mobility system with electric bikes and scooter, and its main platform is mobile apps (Uber: Cities, 2020). Uber can be seen as a typical ‘IoT’, as Viswanathan’s (2011) argument may inspire us, that the purpose of ‘IoT’ is to enrich life by creating more intelligent connections between devices and people. Through its digital mobile platform (sensor device), Uber has managed to connect passengers with drivers by broadcasting their locations to a ‘back end’ system operated by Uber in its cloud. The cloud service then uses data analysis to determine which combinations of driver/car and passenger are most relevant to each other for the service request (Smart Industry, 2016). Such disruptive change has brought about a positive change for drivers, as the traditional taxi drivers would spend a significant proportion of each hour waiting their next passenger. However, Uber has changed the game through an algorithm offering its drivers much less time waiting each hour and more flexibility on their life-work balance. Moreover, it is very interesting to see that because of such innovative and disruptive change, the role of a driver is no longer merely someone who gives rides for the passengers, meanwhile, they can also be a deliveryman. Uber Eats has allowed to merge the two identities within the industry of taxi and logistics, if we think broadly.

Retrieved from https://www.uber.com/global/en/cities

Uber is also a representation of the collaborative economy. Martijin argues that the collaborative economy encompasses things such as ‘sharing economy’ (the sharing of things), gig economy (the sharing of labour), and crowdfunding (the sharing of money) (Razavi, 2018). Unlike the traditional taxi business model, where the taxi companies have the ownership of enormous amounts of cars as the assets, which were once considered essential and required large amount investment within the industry, Uber has allowed drivers all over the world to earn money by giving passengers rides in their own cars rather than the taxis allocated and owned by the taxi companies. Through sharing individual cars, the ‘driver’ has no longer been seen as a job role for a specific group, but that everyone can have the identify of being a driver. When each one who owns a car can be a driver, their cars as the assets can be utilized not only for themselves, but also for others, and thereby reducing the needs for people to buy their own, which will be greatly beneficial to the environment. Under such implication, through changing the role of the driver, the digital economy will bring positive influences on the highly salient topics such as climate change, environmental protection, and sustainability development.

Retrieved from https://ied.eu/project-updates/collaborative-economy-and-its-impact

Now that we’ve discussed the huge changes and benefits that Uber as one of the representations of digital economy has brought to both the role of driver and to the world, what will Uber be in the future, and how is the role of driver likely to be changed as a result? IoTHome has analysed that Uber will be an embracive ‘IoT’ that contains Cloud Storage, Artificial Intelligence, Digital Money, Audiovisual function and Internet of Vehicles (IoV) (IoTHome, 2016). Under such assumptions, the functions of the role of driver will be tremendously decreased, because technologies can do almost everything instead. I, once, had a discussion with a driver while I was taking the taxi here in Exeter, the U.K., of what he considered if in the future technologies would cope with everything and people would all take ‘the sharing cars’? He said, ‘I don’t think people will not take taxi any more in the future, because there’s one thing that technology cannot do but we can, which is creating an enjoyable conversation with the passenger, like what we are having right now.’ This taxi driver’s mind inspired me that the role of driver as a job in the future would need to be more caring and connecting with their passengers, as these attributes involve human and emotional input, which technology cannot offer. Ernest Wilson also suggested that companies are seeking employees that excel in soft skills in the digital economy era. He listed 5 skills according to his research as can be viewed from the below video. (HBS Online, 2017)

The 5 Skills Employers Seek in Today’s Digital Economy’. Retrieved from https://www.youtube.com/watch?v=uYsWo4nO4GE&feature=youtu.be

By the above arguments, we may conclude that Uber as a representation of ‘IoT’ and ‘Collaborative Economy’ has disruptively changed the traditional role of driver whilst also bringing about remarkable benefits to the drivers, the world economy, and the environment. However, resulting from the continuous evolvement and development of technology, drivers may need to have more emotional and humanistic input, as well as soft skills, to adapt to the professional needs in the future of digital economy era.

References List:

Business Insider. (2019) ‘How to check your Uber passenger rating, and improve it if it’s low’. Retrieved 11, 02, 2020 from https://www.businessinsider.com/how-to-check-uber-rating?r=US&IR=T

HBS Online. (2017) ‘The 5 Skills Employers Seek in Today’s Digital Economy’. Retrieved 11, 02, 2020 from https://www.youtube.com/watch?v=uYsWo4nO4GE&feature=youtu.be

IoTHome. (2016) ‘Uber, a ubiquitous digital mobile IoT’. Retrieved 11, 02, 2020 from https://www.iothome.com/tech/platforms

Institute of Entrepreneurship Development. (2018) ‘Collaborative economy and its impact on social inclusion’. Retrieved 11, 02, 2011 from https://ied.eu/project-updates/collaborative-economy-and-its-impact

Lauren Razavi. (2018) ‘How digital platforms are creating an economy built on collaboration’. Retrieved 11, 02, 2020 from https://eureka.eu.com/innovation/sharing-economy

Smart Industry. (2016) ‘IoT Car: The Internet of Things is Already Here and its called Uber’. Retrieved 11, 02, 2020 from https://www.smart-industry.net/iot-car-the-internet-of-things-is-already-here-and-its-called-uber

Towards Data Science. (2019) ‘IoT in action’. Retrieved 11, 02, 2020, from Uber: Cities. Retrieved 11, 02, 2020 from https://www.uber.com/global/en/cities

Uber: Cities. Retrieved 11, 02, 2020 from https://www.uber.com/global/en/cities

It is Just a Stop, But Never an End…

A Reflection on BEMM129 study

As time flies, it has brought me to the end of the semester, where the study of BEMM 129 Digital Business Models has been enclosed with a period. Honestly, I wish I wouldn’t have been writing this blog, because I’ve enjoyed studying this module so much that I wish it could never end. However, as they always say ‘all good things must come to an end’, it is time for me to reflect on how I’ve been through and what I’ve gained by studying this module.

Generally speaking, BEMM129 has employed a whole new learning experience to me, that all of the teachings with relevant materials such as slides, infographics, and videos are given online. Besides, apart from the online learning contents given by the lecturer, I’ve gained a lot of expanded knowledge via digital interactions between peers, such as reading and commenting on other’s blogs, contributing to weekly online discussions, etc. Instead of plain words, I’d like use the below comment I left to my peer, Xiyao’s blog, to briefly expound my experience of study within this innovative module, as it is how we do as a digital learner!

My peers who study in this module have various educational background, which are great treasure to me. When I read others’ works, the knowledge I gained were far beyond the weekly given topics and my own programme. For instance, When I studied the topics of ‘Sharing Economy’ and ‘Circular Economy’, I found Will’s blog was related to finance (Auditing) and new technologies (Blockchain & Cloud), which were something that fascinated me all the time. Therefore, after reading his blog, I did some personal research and I found I could expand his argument as the below comment:

This innovative way of collaborative study has not only largely expanded my knowledge derived from the module itself, but also from various disciplines through reading peers’ works. In addition, by doing research which was needed to comment and answer peers’ questions on my blogs (such as the below example of replies), my abilities of proactive research and critical thinking have also been promoted as a result.

Another example is when I studied the module topic of ‘Starting a Digital Business’, I drew upon learning from another module ‘Entrepreneurship’ to provide a negative example that we could learn a lesson, to contribute my thread participated in the discussion on ELE’s online module forum. ‘The more we share, the more we have.’ — Leonard Nimoy

An extra acquisition is that through times of interaction under the blog with my peer Will to share our ideas, we even have become close friends in real life!

At the end of this reflective blog, I’ve posted a video to briefly introduce what I could take forward from BEMM129 Digital Business Models in my future. The completion of this module study is only a stop, but my digital journey has just begun, and it will never end…

References List (links & screenshots of comments left on peers’ blogs):

https://willnor.wordpress.com/2020/02/14/auditing-blockchain-and-the-cloud/

https://willnor.wordpress.com/2020/03/06/the-funding-circle/#comments

Blogpost 2

How Mobike Has Achieved Success in China

Hi there! Welcome back to my blog!

In this blog, I would like to explore a once red-hot phenomenon ― bicycle-sharing system industry. Through one of the most representative companies within the industry, Mobike, I will critically evaluate the digital business model it has used to help lead it to its prosperity in China.

Mobike in Manchester
Retrieved from https://mobike.com/uk/

If you walk on a street of any main cities in China, you may be shocked by the colourful sharing bikes aligned parking around. Different colors of bikes represent their different owner companies ― Mobike, Ofo, Bluegogo, hellobike, … These sharing bikes have not only constituted a ‘rainbow like’ street view of China, but also implicated an enormous market capital and great profitable potential.

Different Sharing-Bikes in China
Retrieved from https://www.caixinglobal.com/2017-05-23/china-to-roll-out-tougher-rules-on-bike-sharing-deposits-101093496.html

Amongst the diverse bike-sharing companies in China, Mobike is arguably the most successful one. First launched in Shanghai in 2016, Mobike has since expanded into 160 cities around the world (Mobike, 2020). Before it was eventually purchased by a giant Chinese delivery company, Meituan, for $2.7 billion in 2018, it had raised more than $900 million from a number of investors such as Tencent, Foxconn, Hillhouse Capital and Warburg Pincus (Liao, 2019). In light of the financial performances, Mobike has been considered as successful in China.

How it works?

Mobike claims the mission of itself as ‘the perfect first & last mile solution’ (Mobike, 2020), which means that commuters may face the issue of being stuck a bit too far from their destination to walk, but too close to justify the cost or delay of hiring a taxi. Mobike is operated via an application of our smartphone, connecting commuters and the bikes, which are produced by Mobike’s manufacturers. The basic rationale of how it works can be seen from the below video and the image of its business model:

How to Mobike.
Retrieved from https://www.youtube.com/watch?v=Oz72w0VZaAc
Mobike Business Model
Retrieved from https://steemit.com/business/@tetsurokondoh/9-businessmodels-in-2017-that-were-impressive-businessmodeldiagram

What makes it successful?

Circular Economy

Above all, although Mobike belongs to bicycle-sharing system, it is actually circular economy, rather than sharing economy. According to the definition from Investopedia, sharing economy is an economic model based as a peer-to-peer activity of acquiring, providing, or sharing access to goods and services (Chappelow, 2019). All the bikes that Mobike owns are produced by their cooperative manufacturers, but not the private assets of individuals. It is seen as a circular economy, because from the beginning of design, Mobike has sought to provide the energy saving and emission reduction of the whole life cycle of the bicycle (Mobike, 2020). In July 2018, it took the lead in proposing and implementing the ‘full life cycle environmental protection concept’, through the ‘3R’ principles (Reduce, Reuse, Recycle) carried out within all operating processes, including designing, procurement, production, launching into the marketing, operation, and scrapping (Bikebiz, 2019). Except for the environmental-friendly way of uses, I reckon there are three other reasons that contribute to the success of Mobike in China.

Convenience

As one of the first companies to implement the “docking-free” sharing-bikes in China (Mobike, 2020), Mobike has significantly accelerate the travel efficiency and solve the traffic congestion to people with a relatively low cost. The dockless parking feature is enabled by a GPS tracker so that customers can use their smartphones to locate, pay for and drop off their bikes in convenient locations. From my using experience, by making a deposit of CN¥99 and spending CN¥1-2 per hour, users can readily find available bikes nearby. All the bikes could be picked up and dropped off at anytime and anywhere without the confinement of the docking station, providing great convenience and user experience.

Collaboration

Despite that the sharing-bikes system has brought disruptive impact to bicycle retailers to certain extent, Mobike has been closely collaborating with a large number of different bicycle manufacturers all over China (Mobike, 2020). The digital business model of Mobike has not thoroughly subverted the whole traditional bicycle production industry. On the contrary, it helps add value by helping standardize the operation of bike sharing process, maximize bike utilization and promote the development of bike manufacturing industry (Gray, 2017).

Maintainability & Repairability

The condition and performance of the bike is monitored by “Internet of things” (IoT) technology which alerts Mobike when repairs are necessary (Please refer to my first blog if you are curious of what ‘IoT’ is!). Moreover, full-time maintenance teams are distributed to each city where Mobikes are in working to repair the bikes and conduct termly examining. As a result, the quality of Mobikes and the safety of their users can be secured and ensured.

In short, Mobike as a representative of circular economy has significantly solved the problems of waste of resource from production and scrap, air pollution, and helped to cope with traffic congestion and the digital disruption threatened to traditional bicycle manufacturers, through the way of how its digital business model works in China, which has led to a success. Although the bike-sharing system is still away from perfection, it is worth to noting its improvement and evolution within the future in digital economy era.

References list:

Bikebiz.com (2019) ‘Analysing the bike-sharing economy’. Retrieved on 5.3.2020 from https://www.bikebiz.com/analysing-the-bike-sharing-economy/

Chappelow, Jim (2019) ‘What is the Sharing Economy?’. Retrieved on 5.3.2020 from https://www.investopedia.com/terms/s/sharing-economy.asp

Dong, Tongjian. et al. (2017). ‘China to Roll Out Together Rules on Bike-Sharing Deposits’. Retrieved on 5.3.2020 from https://www.caixinglobal.com/2017-05-23/china-to-roll-out-tougher-rules-on-bike-sharing-deposits-101093496.html

Gray, Alex (2017). “China’s ‘Uber for Bikes’ Model is Going Global”. Retrieved on 5.3.2020 from https://www.weforum.org/agenda/2017/06/china-leads-the-world-in-bike-sharing-and-now-its-uber-for-bikes-model-is-going-global/

Liao, Rita. (2019) ‘Bike-Sharing Pioneer Mobike is Retreating to China’. Retrieved on 5.3.2020 from https://techcrunch.com/2019/03/08/mobike-lays-off-apac-team/

Mobike.com (n.d.) Retrieved on 5.3.2020 from https://mobike.com/uk/

Tetsurokondoh (2018). ‘Business Model Diagram’. Retrieved on 5.3.2020 from https://steemit.com/business/@tetsurokondoh/9-businessmodels-in-2017-that-were-impressive-businessmodeldiagram

Youtube (2018). ‘How to Mobike’. Retrieved on 5.3.2020 from https://www.youtube.com/watch?v=Oz72w0VZaAc

About Me

Hi guys! My name is Ye ZHANG. I was born and grew up in Beijing, China, and I’m currently studying MSc International Business at the Business School, the University of Exeter.

The Business School, the University of Exeter

Exeter is a lovely city located in the South-West of England with beautiful natural landscape and fresh air. Before I came to Exeter, I completed my bachelor degree at the University of Liverpool, majored in BA Communication Studies.

Exeter View

During the study at Exeter Business School, I’m studying on a module called ‘Digital Business Model’. This module is designed to equip students with a holistic picture of the contemporary digital business models, while helping us to prepare for changing employment priorities in an increasingly digital and networked business world. The reason I’ve selected this module to study is that I’m quite interested in exploring business development around the world, and I reckon the changes of technology pose both opportunities and challenges for business. As part of this module, I’m creating my own blogposts to share my ideas about what’s going on in the digital world around us and how they shape and influence our daily lives.

Please do come and join me on this journey!!

通过 WordPress.com 设计一个这样的站点
从这里开始