Otonomo Research Shows that Smart City Demand for Vehicle Data is Expected to Increase
07 January 2022 - 12:30AM
Otonomo Technologies Ltd. (Otonomo) (Nasdaq: OTMO), a leading
mobility intelligence provider, today announced it has published a
new research report titled “What 50 Smart Cities Say About Using
Vehicle Data.”
The report surveyed 50 smart city stakeholders across 26 states
to understand how they are using vehicle data to increase the
quality of life for their citizens. While 62% of respondents use
vehicle data for a variety of purposes, they rely primarily on
legacy infrastructure such as cameras and in-road sensors to
capture vehicle data, substantially limiting their ability to tap
into its transformative potential.
“A single-source vehicle data platform is essential to meet the
growing demand by smart cities coupled with the increased
prevalence of connected cars,” said Ben Volkow, CEO and
Co-Founder of Otonomo. “In fact, our recently launched
Mobility Intelligence solutions foster smart city innovation by
eliminating guesswork and empowering change across the
mobility and transportation landscape. With accurate data, insights
and intelligence solutions, city planners will be able to provide
tailored services to their citizens as well as the riding and
driving community.” Volkow continued, “When leveraged properly,
connected vehicle data and mobility intelligence make a smart city
smarter with improved road safety, upgraded emergency planning,
reduced congestion and accelerated EV expansion in their
communities.”
Key Takeaways:
- 62% of smart cities sampled are using vehicle data to improve
the quality of life for their citizens in the following ways:
- 18% to improve roadway management and infrastructure
- 18% for monitoring road usage and capacity
- 18% for zoning and urban planning
- 14% to manage high accident areas
- 6% to improve parking
- 2% to mitigate environmental impact
- 36% are using vehicle data to improve the experience of
business travelers and tourists, with an additional 28% planning to
do so in the future
- Only 22% are using vehicle data for real-time traffic
management. However, 31% plan to do so in the future, and 68%
report using vehicle data for managing mass events. We believe
these responses point to a large increase in using vehicle data to
improve traffic management
- 46% are planning to build applications integrating vehicle data
in order to provide information on public and private
transportation options to city residents, with nearly 30% planning
to use or increase their use of vehicle data to do so
- Only 34% have, or plan to use, vehicle data for EV charging
stations, with 62% reporting that it’s difficult to get reliable EV
data
- Only 8% of the cities surveyed currently use connected car data
to deliver better transportation and mobility services. Here’s the
full breakdown of what tools these cities currently use to gather
vehicle data:
- 32% - cameras
- 24% - in road sensors/toll payment
sensors
- 16% - human
surveyors
- 4% - GIS data
- 16% - mobile phone data
- 8% - connected car data
Report Methodology: In July 2021, Otonomo
commissioned Lead to Market, an independent survey firm, to query
decision makers and data science experts with an interest in
mobility. Those surveyed included C-suite executives, senior
leaders in finance, compliance, and procurement departments, senior
transportation directors and many other decision makers from 50
cities in 26 states, among them California, Florida, Illinois, New
York, Massachusetts, and Wisconsin.
Download the report:
https://info.otonomo.io/hubfs/PDF/OOOO-Smart-Cities-Survey-Promise-of-data.pdf
About Otonomo
Otonomo fuels a data ecosystem of OEMs, fleets, and more than
100 service providers spanning the transportation, mobility, and
automotive industries. Our platform securely ingests more than 4
billion data points per day globally from over 40 million vehicles
licensed on the platform and massive amounts of mobility demand
data from multimodal sources, then reshapes and enriches it, to
accelerate time to market for new services that improve the
mobility and transportation experience. We provide deeper
visibility and actionable insights to empower strategic data-driven
decisions – taking the guesswork out of mobility and transportation
planning, deployment, and operations. Privacy by design and
neutrality are at the core of our platform, which enables GDPR,
CCPA, and other privacy-regulation-compliant solutions using both
personal and aggregate data. Use cases include emergency services,
mapping, traffic management, EV management, subscription-based
services, micro-mobility, parking, predictive maintenance,
insurance, media, in-vehicle services, and dozens of smart city
solutions.
More information is available at otonomo.io
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For press inquiries, please contact:
OtonomoJodi Joseph AsiagHead of Content and
Communicationsjodija@otonomo.io
For investment inquiries, please
contact:
MS- IR for OtonomoMiri Segalmsegal@ms-ir.com
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within the meaning of the federal securities laws, including
statements regarding the services offered by Otonomo, the
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differ materially from the forward-looking statements in this
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implement business plans, forecasts, and other expectations, the
ability to identify and realize additional opportunities, and
potential changes and developments in the highly competitive data
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should carefully consider the foregoing factors and the other risks
and uncertainties described in Otonomo’s prospectus filed with the
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