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:
• Advanced commuter information
• Precise arrival time predictions
• Enhanced alternative route suggestions
• Detailed traffic information
• Reduced congestion and carbon footprints
• Improved traffic forecasting for mass movement events from sporting events to emergency evacuations.
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.”
