Tele Atlas CEO Alain De Taeye spoke at the Reuters Technology, Media and Telecoms Summit in Paris on Wednesday noting that once the TomTom Tele Atlas deal closes the company will jump into new offerings, including some powered by data gathered by users.
The idea is to tap into data collected by TomTom users and push it into Tele Atlas mapping products and TomTom services. How soon? Six months suggested De Taeye. In particular:
TomTom has gathered extensive data on maps and driving conditions -- its users submit about 10,000 corrections to maps every day, and a large number of drivers have also allowed the company to gather anonymous statistical data from their devices.
...
[It] would also make new products possible in areas such as real estate and urban planning.
TomTom has amassed 1 trillion data points, the equivalent of driving every road in Europe and the United States a thousand times.
This data can make routing more accurate and also opens new opportunities for Tele Atlas' geographical information services business. A buyer may for instance use it to learn what traffic around a property is like throughout the week.
Not a big surprise here; the trick will be integrating the two companies' technologies.
-
Reuters
Comments
July 3
Pretty cool application -- going to [...]
Will Turner about Starbucks Closing Stores; Some too close together
July 3
I think the issue of store [...]
Milos Sugovic about Starbucks Closing Stores; Some too close together
July 3
The decision by Starbucks to scale back [...]
Dave Smith about Update: State Licensing Board "Censors" GIS Article
July 3
Roger, just as a point of correction - [...]
xavierv about The New Gas Conscious, Distance Conscious Marketing
July 3
Hey, I liked the title of your article [...]
Dave Smith about Update: State Licensing Board "Censors" GIS Article
July 3
Having not seen the article, it's [...]
Bill Cole about Ask.com Moves to Virtual Earth
July 3
Hey! Isn't Marc Prioleau the VP of [...]