Avis Budget Group Partners with Otonomo to Unlock the Potential of Its Connected Car Data
July 31 2019 - 9:00AM
Avis Budget Group
(NASDAQ: CAR) today announced a
partnership with Otonomo, the leading automotive data services
platform, to unlock new avenues for value creation from the data
generated by its connected fleet. The fleet will cover an estimated
4 billion road miles this year and is anticipated to generate over
7 billion road miles of data with its fully connected fleet in
2020.
The Otonomo Automotive Data Services Platform will help Avis
Budget Group gain new and actionable insights from its connected
cars, which span a diverse range of makes, models and telematics
technologies. By reshaping this disparate connected car data for
new users, Avis Budget Group will gain insights to streamline
operations, reduce costs and improve customer satisfaction. The
Otonomo Platform also provides Avis Budget Group with new
opportunities for collaboration with cities and other partners that
benefit its customers and the general public.
“By partnering with Otonomo, we can better utilize the data
captured by our connected vehicles,” said Arthur Orduna, Chief
Innovation Officer at Avis Budget Group. “The Otonomo Platform also
allows us to safely and securely engage with new public and
commercial partners, and together, make an impact on what the
future of mobility looks like for consumers, communities and
companies alike.”
J.D. Power is among the first companies to use Avis Budget Group
data. One key application is using data captured directly from
vehicles to complement its consumer research on different makes and
models. “Working with Otonomo and Avis Budget Group will add
another dimension of rich data to J.D. Power's Voice of the Vehicle
analyses,” said Dave Sargent, Vice President, Global Automotive at
J.D. Power. “The fleet is large, yielding high quality data with
excellent national coverage—and it is also very diverse, with over
200 makes and models, spanning multiple years in the data set we've
evaluated. We're particularly interested in the signals we
get from a fleet that is constantly refreshed with a wide selection
of new vehicles.”
With the help of Otonomo, Avis Budget Group can explore
additional “data for good” opportunities that can make smart cities
smarter, roads safer, traffic flow and parking more efficient, and
driving more enjoyable. Data from the Avis Budget Group fleet could
significantly improve smart city applications such as planning,
road hazard identification, or advanced traffic management. In
time, this could translate to reduced emissions, accident
prediction and prevention, and an overall better experience for all
travelers.
“Otonomo is a pioneer in transforming car data into valuable
insights, and we’re excited at the opportunity to realize our
vision in partnership with Avis Budget Group,” said Ben Volkow,
Chief Executive Office and Founder of Otonomo. “The global scale of
Avis Budget Group, along with its fleet management expertise,
offers many new possibilities to realize value from connected car
data from fleet-wide predictive maintenance and streamline rental
car returns, to smart city and beyond.”
“Data aggregation and analysis is a force multiplier for the
automotive industry,” said Roger Lanctot, Director, Automotive
Connected Mobility at Strategy Analytics. “Data enables fleet
operators to optimize their service offerings, refine their
logistics, increase uptime, and improve the user experience. This
is nothing less than a breakthrough in an otherwise mature
industry.”
To learn more about what data is available visit
otonomo.io/avis-budget-group-car-data.
About Avis Budget GroupAvis Budget Group, Inc. is
a leading global provider of mobility solutions, both through its
Avis and Budget brands, which have more than 11,000 rental
locations in approximately 180 countries around the world, and
through its Zipcar brand, which is the world's leading car sharing
network, with more than one million members. Avis Budget Group
operates most of its car rental offices in North America, Europe
and Australasia directly, and operates primarily through licensees
in other parts of the world. Avis Budget Group has approximately
30,000 employees and is headquartered in Parsippany, N.J. More
information is available at www.avisbudgetgroup.com.
About Otonomo The Otonomo Automotive Data
Services Platform fuels a network of 15 OEMs and more than 100
service providers. Our neutral platform securely ingests more than
2 billion data points per day from over 18 million global connected
vehicles, then reshapes and enriches it, to accelerate time to
market for new services that delight drivers. Privacy by design is
at the core of our platform, which enables GDPR and other
privacy-regulation-compliant solutions using both personal and
aggregate data. Use cases include emergency services, mapping, EV
management, subscription-based fueling, parking, predictive
maintenance, usage-based insurance, media measurement, in-vehicle
package delivery, and dozens of smart city services. With an
R&D center in, Israel, and a presence in the United States,
Europe, and Japan, Otonomo’s investors include Bessemer Venture
Partners, Aptiv, Dell Capital, Hearst Ventures, StageOne Ventures,
and Maniv Mobility. More information is available at
www.otonomo.io.
Contact
Katie McCall
PR@avisbudget.com
Katy Poniatowski
Antenna Group for Otonomo
otonomo@antennagroup.com
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