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Wejo’s data from 7 million connected vehicles to support TrafficCast’s mobility services
Wejo, a UK tech firm that’s transforming global mobility through connected vehicle data, and TrafficCast, the leading US provider of travel time forecasts and traffic information, today announce a new partnership whereby Wejo will provide real-time data to TrafficCast.
TrafficCast will receive real-time, anonymised traffic flow updates from the seven million vehicles on Wejo’s platform, including traffic speeds. It is a major breakthrough in live data sourcing from the road network, and represents significant opportunities and benefits for businesses, mobile app users, commuters, media, advertisers, engineering companies and government departments of transportation.
Wejo data will further improve the quality and accuracy of TrafficCast services, enabling:
TrafficCast produces traffic intelligence and analytic services, including travel time forecasting, real-time road speed monitoring and traffic impacts of incidents and roadworks. Its technology, applications and content inform navigation and driver information services in the interactive, mobile, enterprise and public sector markets.
Connected vehicle data is changing the way people interact with vehicles. It enhances vehicle safety and improves the driving and ownership experience; it facilitates the development of new products and services, such as real-time parking availability and accurate local fuel price comparisons, and it will ultimately help support autonomous vehicles. Partnerships such as that between Wejo and TrafficCast illustrate the near-term value and long-range potential of connected car data.
The connected car market is predicted to rise to 250 million cars by 2020* and the global market opportunity of the resulting data is estimated at US$750 billion by 2030**. Today’s vehicles are fitted with hundreds of sensors, each telling the story of the vehicle’s current state and how it is used. Wejo curates, transforms and normalises this data to support partners including TrafficCast.
Commenting on the partnership, Richard Barlow, Founder and CEO of Wejo, said:
“This is further testament to the value our partners see in receiving real-time connected car data. Our value-added insights will enhance and improve TrafficCast’s product offerings and ultimately contribute to reduced congestion on America’s roads, shortened journey times and provide car owners with a materially better driving experience.”
Commenting on the partnership,Al McGowan, CEO of TrafficCast, said:
“We are happy to announce our partnership with Wejo, and welcome the addition of their unique content to our industry-leading traffic information ecosystem. Wejo’s data exchange platform is a critical next step in the evolution of the connected vehicle, and TrafficCast clients and end users will benefit from the insights their data provides.”
* Data source: Gartner - "Predicts 2015: The Internet of Things."
** Data source: McKinsey – “Telematics: poised for strong global growth.”
Wejo is creating the world’s leading vehicle and mobility marketplace, with the most comprehensive and trusted data, information and intelligence. wejo enables safer, smarter, and more sustainable journeys for everyone wherever they are. By unlocking brilliant new insights, wejo is transforming the way people move from point A to point B, enabling ‘Smarter journeys for all’.
Wejo employs more than 150 people and has offices in Tattenhall and Manchester in the UK and in San Jose, California and Austin, Texas. wejo.com
TrafficCast produces the most reliable traffic intelligence and analytic services in the U.S., including travel time forecasting, real-time road speed monitoring and traffic impacts of incidents and roadworks. Its technology, applications and content inform navigation and driver information services in the interactive, mobile, enterprise and public sector markets. Products include Dynaflow™, “Big Data” software that delivers real-time road speed profiles and traffic incidents to mobile devices and navigation systems; BlueTOAD™, the market leader in Bluetooth® signal detection to monitor road congestion and route choice behaviours, and TrafficCarma™, a mobile platform to visualize traffic information along with a variety of mobility services. The company is based in Madison, Wisconsin, with offices in Philadelphia, Atlanta, Chicago, Washington and Shanghai. For more information, visit trafficcast.com.