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Wejo Adopts Microsoft Connected Fleets Reference Architecture
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Wejo Group Limited (NASDAQ: WEJO) has announced an extended collaboration with Microsoft, adopting the Microsoft Connected Fleets reference architecture. This partnership aims to enhance fleet management solutions, projected to be worth $38 billion by 2024, by integrating Wejo’s connected vehicle data into business processes. The collaboration will offer ISVs and fleet managers improved access to data, faster integrations, advanced analytics, and insights to optimize fleet operations without requiring new hardware. Wejo will showcase these innovations at CES 2023.
Positive
Collaboration with Microsoft enhances access to connected vehicle data.
Participation in a rapidly growing market projected to reach $38 billion by 2024.
Improvements in fleet management analytics and integration capabilities.
No need to retrofit hardware for fleet management solutions.
Negative
None.
Fleet customers worldwide, including telematics solution providers and fleet managers, now gain easier access to Wejo’s connected vehicle data for fleet efficiencies
MANCHESTER, England--(BUSINESS WIRE)--
Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ and cloud and software solutions for connected, electric and autonomous vehicle data, today announced an extended collaboration with Microsoft through the adoption of the Microsoft Connected Fleets reference architecture. Wejo will be part of an ecosystem of Microsoft partners addressing the fleet management market - anticipated at $38 billion by 2024 - by helping fleet management independent software providers (ISVs), system integrators (SIs), and fleet managers go beyond limited data sets and basic dashboards to integrate fleet data into core business processes and derive actionable insights for improved business outcomes.
Microsoft Connected Fleets reference architecture enables an ecosystem of partners and partner solutions for fleet management by simplifying specialized analytics, value extraction from vehicle data, and streamlining integration with business systems. The reference architecture enhances and will streamline access to Wejo’s connected vehicle data (CVD). Wejo’s CVD is delivered in near real-time, directly from its OEM partners.
ISVs, SIs, and fleet managers will benefit by:
Accessing Wejo’s CVD more efficiently
Facilitating faster integrations with customer-specific requirements
Enabling integration of fleet management functions with business applications for field services
Simplifying the delivery of advanced analytics
Accelerating time-to-insights
Delivering fleet management capabilities without needing to retrofit hardware
“With Microsoft Connected Fleets, Wejo will expand its footprint in the Connected Fleets space while embracing Microsoft’s scalability, reliability, and agility to drive application development and shape future business strategies,” said Richard Barlow, founder and CEO of Wejo. “We’re excited to be part of the Connected Fleets interconnected ecosystem of partner solutions and work with Microsoft on better delivering the data and insights necessary to fleet customers and partners to keep their drivers safe on the road while driving efficiencies across their fleets.”
“Our goal is to transform the growing connected vehicle, fleet, and mobility market with next-generation solutions that offer faster, better quality vehicle data with lower investment. Wejo brings deep experience and expanded data and fleet management insights to Microsoft Connected Fleets,” said Sanjay Ravi, general manager, automotive, mobility, and transportation industry, Microsoft. “Wejo helps to significantly increase solution velocity and lower data acquisition cost by eliminating the need to fit new hardware to vehicles for fleet management, helping drive efficiencies and more value for customers.”
Visibility at CES 2023
Wejo will demonstrate its Smart Mobility for Good™ products and services as part of the Microsoft CES 2023 stand #6017 in the Las Vegas Convention Center West Hall, where Microsoft Connected Fleets will be showcased. To learn more about the Connected Fleets reference architecture, visit Microsoft’s Automotive Industry Blog.
About Wejo
Wejo Group Limited is a global leader in cloud and software analytics for connected, electric, and autonomous mobility, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. The Company enables smarter mobility by organizing trillions of data points from 20.1 million vehicles, of which 13.7 million were active on the platform transmitting data in near real-time, and over 87.2 billion journeys globally as of November 30, 2022, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information, and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo has offices in Manchester, UK and in regions where Wejo does business around the world. For more information, visit www.wejo.com or connect with us on LinkedIn, Twitter, and Instagram.
Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. For more information, please follow this link: https://www.wejo.com/forward-looking-statements
What is the recent collaboration between Wejo and Microsoft?
Wejo has announced an extended collaboration with Microsoft to adopt the Microsoft Connected Fleets reference architecture, aimed at improving fleet management solutions.
How will the Microsoft Connected Fleets architecture benefit Wejo?
The architecture will streamline access to Wejo's connected vehicle data, facilitating faster integrations and advanced analytics for fleet managers.
What is the projected market size for fleet management by 2024?
The fleet management market is anticipated to reach $38 billion by 2024.
Where will Wejo showcase its products related to the collaboration?
Wejo will showcase its Smart Mobility products at CES 2023, as part of the Microsoft stand.
What unique advantage does Wejo provide in fleet management?
Wejo allows fleet management capabilities without the need to retrofit hardware, simplifying data integration.
