MADRID, Nov. 8, 2023 /PRNewswire/ -- Geotab ®, a global leader in connected transportation solutions, has surpassed 4 million subscriptions worldwide. This milestone underscores the significant and growing demand for high-quality data intelligence, a key catalyst in advanced decision-making that is driving the continued transformation of the transportation sector. Geotab data has been instrumental in improving the performance, safety and sustainability of small and large fleets, including some of the Fortune 500 companies, as well as the public sector.
Already 23 years old, Geotab reached 3 million subscriptions in 2022. In just over a year, the company has added 1 million more subscriptions, reflecting the growing demand for data intelligence to support fleet modernization and management. Geotab's ecosystem of more than 700 partners, continuous innovation and collaboration with customers in emerging areas such as AI development, have led to continued growth opportunities.
"23 years ago we were a company made up of two people working in the basement of my house. Now, as I reflect on our incredible journey and remarkable growth over the last 15 months, it is clear that the potential we saw in this industry many years ago is more than palpable," said Neil Cawse, CEO of Geotab. "Fleets are under increasing pressure to improve their results, reduce emissions, prioritize road safety and find cost-effective solutions. We know that you can't effectively manage what you don't measure, which is why data and technology have become so vital to organizations as well as the vehicles they operate."
Since reaching 3 million subscriptions in August 2022, Geotab-connected vehicles have traveled more than 89 billion kilometers, which is equivalent to about 594 trips to the sun. Thanks to the large amount of data obtained, the company can offer its customers more useful information: when an engine can fail before it fails or the probability of a collision. In addition, Geotab is incorporating generative AI to reduce the time to obtain information. These innovations enable them to make better business decisions and achieve more meaningful results.
As the number of vehicles connected to Geotab across different makes, models, and industry sectors increases, so does the amount of rich data that Geotab analyzes. This expansion allows the company to perform more accurate benchmarking and create improved machine learning models, which in turn provides better insights to all customers. Using these AI and ML technologies, customers can move from reactive data analysis to predictive analysis and industry benchmarking, enabling them to realize greater value from their connected transportation investments.
About GeotabGeotab is a global leader in connected transportation solutions. We provide telematics solutions - vehicle and asset tracking - to more than 50,000 clients in 160 countries. We have been investing in pioneering data research and innovation for more than 20 years so our partners and customers, including Fortune 500 and public sector companies, can transform their fleets and operations. With more than 4 million subscriptions and processing more than 75 billion data points a day, we help customers make better decisions, increase productivity, have safer fleets and achieve their sustainability goals. For more information, visit our website, follow us on LinkedIn and subscribe to our blog.
For more information:APPLE TREELucía Lópezgeotab@homeatc.com913 190 515
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