TomTom and Flow Labs partner to deliver advanced, real-time road network optimization and insights
05 Octubre 2023 - 12:30AM
TomTom (TOM2), the location technology specialist, today announced
a new partnership with Flow Labs, a leader in transportation
software specializing in Artificial Intelligence (AI) and
transportation data integration. Flow Labs will incorporate
TomTom’s best-in-class traffic data into their AI applications that
support transportation agencies with real-time optimization and
insights, for any road, at any time.
Through this partnership, Flow Labs leverages
TomTom’s historical and real-time traffic analytics based on
anonymized speed data from more than 600 million connected devices.
The result is an enhanced analytics platform that empowers
transportation professionals and road authorities with data-driven
insights to make critical transportation decisions with greater
speed and ease. The Flow Labs Digital Twin platform integrates
signal data, detection data, and connected vehicle data into a
unified traffic management platform that optimizes traffic flow and
enhances regional mobility. The AI-powered platform provides live
and retrospective indicators of safety risks, operational issues,
and a variety of environmental impact metrics, helping authorities
identify the root cause of any transportation issue and informing
decision-making to resolve issues faster.
“We are excited to partner with Flow Labs who
have developed bold, innovative solutions to improve road network
safety and flow, starting with road traffic signal optimization,”
said Ralf-Peter Schäfer, Vice President for Traffic & Travel
Information at TomTom. “With access to TomTom’s uniquely rich and
detailed traffic data, we enhance Flow Labs’ ability to address
today's complex transportation problems in new ways."
“With TomTom, we’re getting a massive increase
in connected vehicle data that helps us provide traffic managers
with a crystal clear picture of what is happening on any given
roadway, at any given time,” said Jatish Patel, Founder and CEO of
Flow Labs. "TomTom's data enables us to generate unparalleled data
accuracy and reliability, empowering powerful applications like
traffic signal optimization and regional safety monitoring,
including identifying high speed corridors and crash hot spots with
improved incident detection.”
Flow Labs’ Software-as-a-Service (SaaS)
solutions do not require expensive infrastructure or roadway
modifications to generate highly detailed simulations. The solution
uses credible, high-sampling sources of connected car data, which
TomTom provides. Utilizing TomTom’s data, Flow Labs can estimate
what is really happening on the road quickly and at an affordable
cost. While the impact of the collaboration will be immediate, it
will serve as a launchpad for greater innovation in the future.
“We expect the long-term benefits for both
organizations and the customers we serve globally to be profound,”
said Patel. “We intend to jointly develop new products, services
and applications that will better service the growing needs of
transportation agencies and other traffic providers across the
United States and beyond.”
About TomTom:
Billions of data points. Millions of sources.
Hundreds of communities.
We are the mapmaker bringing it all together to
build the world’s smartest map. We provide location data and
technology to drivers, carmakers, businesses, and developers. Our
application-ready maps, routing, real-time traffic, APIs, and SDKs
enable the dreamers and doers to shape the future of mobility.
Headquartered in Amsterdam with 3,800 employees
around the globe, TomTom has been helping people find their way in
the world for over 30 years.
www.tomtom.com
For further information:
Media Relations
mediarelations@tomtom.com
Investor Relations
ir@tomtom.com
About Flow Labs:
Flow Labs provides transportation agencies with
data-driven software solutions designed to make transportation
cleaner, clearer, and safer for everyone—right now. Founded in
2018, the company’s AI-powered platform generates best in class
transportation intelligence to analyze, predict and optimize
traffic flows across an entire city in seconds. Flow Labs achieves
agency goals by using data from connected vehicles and traffic
networks, with no need for expensive hardware or infrastructure
modifications.
Flow Labs’ entire platform is scalable, offering
a cost-effective path to integrate data, view network analytics,
monitor traffic flows, optimize multi-modal traffic signals, and
provide on-demand transportation project evaluation.
The company is dedicated to helping agencies
Find Issues, Fix Problems and Fund projects. For more information,
visit https://www.flowlabs.ai or follow us on Twitter and
LinkedIn.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b130c9b6-8535-4daa-a691-509253424eb2
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