What to Know
Wejo Group Limited announced its new Neural Edge Processing platform. The company said the new platform will help “enable intelligent handling of data from vehicles at scale.” The platform will also provide insights into automotive innovation and help protect privacy.Microsoft Corp., which is an investor in Wejo Group, is partnering with Wejo on the new platform.
“Neural Edge uses machine learning to address data overload and deliver faster, more cost-effective, and sustainable vehicle communication insights,” Wejo said in a press release. The platform sends only useful and valuable connected vehicle data to the cloud.
Why It’s Important
Wejo highlighted latency and data storage costs as obstacles in real-time vehicle communications. Neural Edge optimizes how connected vehicle data is managed and communicated to the cloud.The new process reduces data overload and maximizes data insights while also improving costs for automotive manufacturers.
Neural Edge enables vehicle to vehicle and vehicle to infrastructure, which could provide a “key building block for communication in near real time.” The technology could help with vehicles communicated with traffic lights, road signs, and parking lots.
“With today’s vehicles producing approximately 25 gigabytes of data per hour and as vehicle technology advances adding more sensors, data filtering, and neural edge processing technology is essential to reduce this overload and drive the industry forward,” Wejo CEO and Founder Richard Barlow said.
Wejo said the new platform could help make vehicles safer, advance electric and autonomous vehicle technology and reduce congestion and emissions.
Wejo offers its common data model and Neural Edge to customers that include automotive manufacturers. Palantir Technologies is an investor and partner with Wejo on the connected vehicle technology.
Wejo has data points from 11.9 million vehicles globally from multiple vehicle brands.
