Sponsored by Wejo
Barely more than 100 years ago, the tail-end of the industrial revolution made the use of motorized vehicles increasingly accessible to consumers, changing the landscape of modern transportation and inspiring imaginations of the tech’s potential prospects in society’s time to come. Fast forward to the 21st century, more than a century since cars first hit the American market, where once imagined visions of autos packing the streets have come to fruition and expanded into new territory as emerging autonomous vehicle technology sets the stage for an eventually driverless future.
Despite major advancements in AVs over the past decade, the mainstream adoption of self-driving cars has been plagued by a number of inherent risks, from human error to weather maladaptation, and their widespread availability seems far off. Enter a major player in the connected car data space, Wejo, with a potential key technology for AVs; utilizing its unrivaled data stack, cloud platform and partnerships with industry powerhouses, Wejo has both the potential and the toolkit to help advance the state of autonomous vehicles.
Every day, Wejo onboards over 17 billion data points from close to 12 million vehicles to its cloud platform, Wejo ADEPT, helping understand driver behavior and provide analysis of roadways far beyond the scope of publicly available mapping software. Utilizing anonymized key points like road conditions, outside temperature, brake usage, temperature, speed and direction of travel, Wejo’s novel information accumulation allows cars of different makes and models to communicate on a single platform, optimizing the traffic flow in major cities and helping make the road a safer place to navigate for every automobile, autonomous or not.
Fast forward to the day you are navigating a busy intersection with driven and driverless cars everywhere. How will the autonomous vehicles ‘know’ what to do? “Understanding driver behavior at intersections is essential today, and paramount as we move forwards to a future with autonomous vehicles,” said Sarah Larner, Wejo’s Executive Vice President of Strategy & Innovation. “This is the power of our DataForGood™ products in action.”
Now, as Wejo prepares to go public through a definitive business combination agreement with Virtuoso Acquisition Corp. (NASDAQ:VOSO), the British company looks to simultaneously implement its far-reaching data stack further into the development of AV technology, aiding in the reduction of issues caused by lack of information about other vehicles and the roads. Bolstered by partnerships with leading cloud companies Microsoft and Palantir Technologies, Wejo’s capabilities and impact have been increased to new levels, opening up the door for the widespread utilization of connected vehicle data by the autonomous vehicle industry, which may ultimately help the adoption of autonomous vehicles into society’s day-to-day life.
The recent appointment of Lawrence Burns to Wejo’s Board only strengthens Wejo’s ability to innovate in the world of AVs. Mr Burns spent over a decade at Waymo (a subsidiary of Alphabet, Google’s parent company) and is considered to be one of the leading minds in the development of autonomous vehicles. Wejo’s team, proven cloud technology and its wealth of data can help clear the path for self-driving vehicles everywhere.