Inrix and Intel Corporation have announced a strategic collaboration focused on developing next generation smart cities analytics platforms and applications. As part of their collaboration, Intel’s global investment organisation, Intel Capital, is investing US$10 million in Inrix.
The two companies recently demonstrated a smart cities application at the White House in Washington, DC. Powered by Inrix real-time traffic information, the application is designed to help the city of San Jose more cost-effect
The two companies recently demonstrated a smart cities application at the White House in Washington, DC. Powered by Inrix real-time traffic information, the application is designed to help the city of San Jose more cost-effectively monitor air quality levels citywide and better manage massive population growth as well as reduce traffic congestion during major events. Intel and Inrix see an enormous growth opportunity ahead with cities around the world expected to spend an estimated US$41 trillion in the next 20 years upgrading their infrastructures towards the collaborative smart cities initiative.
“Real-time data and analytics are as foundational to our future transportation networks as concrete and steel are today,” said Bryan Mistele, president and CEO of Inrix. “Managing the massive population growth in our cities is one of the most important development challenges of the 21st century. We look forward to collaborating with Intel to enable a whole new generation of smart cities applications globally.”
“Technology is changing the way individuals and businesses give life to ideas,” said Hank Skorny, vice president and general manager of Intel Services Division. “Big data and the Internet of Things are impacting numerous industries, including transportation, retail and consumable goods. Inrix sits at the intersection and holds a unique opportunity to deliver value across the entire network.”
