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Business EconomyPosted at: Feb 23 2018 5:13PM


Octo Telematics analyses 186 bn miles of IoT generated driving data

New Delhi, Feb 23 (UNI) Insurance telematics major Octo Telematics on Friday announced to introduce innovations for insurance by aggregating 186 billion miles of driving data from connected cars and using Cloudera Enterprise to predict and model driver risk.
Utilising machine learning and analytics on Cloudera Enterprise, the Octo Telematics platform can now deliver actionable insights and risk modeling to over 100 insurance companies worldwide that enables them to transform insurance including pricing, First Notice of Loss (FNOL), and claims insights.
Octo Telematics’ platform, built on Cloudera Enterprise, aggregates over 11 billion new data points from 5.4 million connected cars and sensors daily, creating one of the largest connected-car subscribed installed bases across the globe.
Every relevant type of data—contextual data, driving data, behavioral data, and crash data—is utilized to forecast individual driving habits, improve crash notifications and response, evaluate crash dynamics, and detect fraud.
Octo Telematics Chief Operating Officer Gianfranco Giannella said the company uses IoT and machine learning to drive intelligence and predict outcomes from billions of miles of driving data, and over 438,000 severe crashes from over five million cars – the largest connected-car subscribed installed base in the world.
“With our new Platform-as-a-Solution service offering, cloud is essential to us, but due to regulatory requirements, we also need services on-premises. Cloudera Enterprise natively supports a hybrid environment, so we have the flexibility to run our data where we need to at the lowest total cost. We have a platform for the future,” he said.
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