Madrid Prepares for Autonomous Vehicle Testing and the Value of Data

Hilario Alfaro, President of Madrid Foro Empresarial, argues that Madrid, Spain is poised to become a leading territory for real-world testing of autonomous vehicles and must consider the economic implications. The arrival of self-driving cars represents a deep transformation in how people move and cities are organized, presenting an opportunity for Madrid to innovate.

Alfaro stresses that the data generated by these vehicles, concerning traffic, mobility patterns, and infrastructure, will be incredibly valuable, fueling new services and business models. He cautions against Madrid simply serving as a testing ground for multinational tech companies.

Instead, Alfaro advocates for securing a share of the knowledge, investment, and wealth generated within the region, particularly as the core technology originates in the United States and China. He believes strategic alliances with local businesses, universities, and research centers are crucial for success, alongside a commitment to safety and public trust.