Transport for London has given some more details about the role of its new consultancy arm saying today that it is exploring new commercial avenues through releasing open data.
The newspaper City AM says as well as working with developers to identify market opportunities, TfL is “mulling commercialising its expertise” around open data and a TfL spokesperson confirmed its consulting arm could handle that aspect in the future.
The report says there are now more than 600 apps using TfL data, which in turn are used by 42% of Londoners. Even more – 83 per cent – use TfL’s site which holds similar information.
It quotes Vernon Everitt, managing director of customers, communication and technology at TfL, as saying, “With over 31m journeys made in London every day, it is vital that people have the right travel information readily available to help them travel around the city. This new research from Deloitte backs our strong belief that providing data in an open, transparent and free-to-access way can be massively beneficial for both London and the wider economy.”
City AM says TfL’s consulting arm is still being shaped, but it has previously given a conservative estimate of bringing in tens of millions by providing its expertise to operators around the world, which it could then reinvest back into London’s transport network. It adds that TfL is still deciding the scope for its consultancy arm, but will look to build on contracts it has already secured, such as one with Cubic Transportation Systems agreeing a licence for use of London’s contactless ticketing system worldwide for up to £15m.