Software AG used presentations staged in the Italian capital Rome this week to describe some of its more life-changing data analytics work with Octo Telematics.
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US, UK and continental Europe headquartered Octo works to attempt to transform auto insurance through behavioral, contextual human driving analytics.
Data saves lives
Octo works with Software AG technology to build analytics functions that recreate crash scenarios with the aim of saving lives.
“We work to be able to analyse, within 30 seconds, whether our black box technologies are looking at a crash or a bump,” said Octo Telematics chief operating officer Gianfranco Giannella , speaking to a press audience in Rome this week.
The goal of the system (which was actually devised and developed in Italy) is ultimately to provide the maximum amount of information in case of accidents, which ultimately it hopes will help decrease insurance costs.
Octo has worked with Software AG technology using its own proprietary analytics algorithms to provide individualised risk assessment and crash analytics for every driver.
4 million users
Giannella has echoed Software AG’s sentiments expressed in other media sources that no single player will dominate the Internet of Things (IoT) data market.
As such, the firm has worked carefully with Software AG and now operates a base of data with billions of granular raw data records — and interplays that data with billions of georeferenced patterns.
“The analytics we execute need to be intelligent analytics and because of this I stress that we can not have ‘stupid’ sensors,” said Giannella, referring to the fact that some of the intelligence here needs to move outwards towards the so-called ‘edge‘ (as in edge computing).
A political map of mobility
Although the initial rationale for Octo to develop its technology came from accident analytics, Giannella has explained that his firm has also worked with the Italian government to discuss the use of its analytics technologies i.e. the implications for a public body that suddenly becomes capable of analysing how and where all the members of the population travel and at what time of day suddenly becomes a potentially very valuable asset.
Yes, of course there will be privacy questions here, but one imagines with that over 50 governments since World World II the Italian government may handle this in the way that it prefers.