BUSINESS MODEL
The Problem We're Solving
At the heart of traffic chaos and congestion are inefficient systems that struggle to adapt in real-time. These systems can be unresponsive, slow, and fallible, especially in harsh weather conditions. Our solution? AITOS - a superior, data-driven traffic management approach.
How AITOS Works
AITOS functions by collecting traffic data through cameras and GPS to analyze real-time traffic states. We utilize this analysis to appropriately control traffic lights, facilitating effective traffic flow and navigation. Our commitment to data and traffic management situates AITOS in the nexus of the IoT and Transport industry.
Our Competitors
Companies like Valerann, Miovision, Google Maps, and Waze already hold a presence in the Transport and IoT industry.
Valerann and Miovision improve traffic flow by accumulating traffic data, providing insights on better traffic management. Their system is built on data collected from cameras and sensors, which is then uploaded to the cloud. Through AI and Machine Learning, they predict car accidents and traffic congestions, and offer detailed plans for traffic system renovations.
Google Maps and Waze alleviate traffic congestion by redirecting users away from congested areas. They collect GPS data to model traffic states, helping users reach their destinations faster and efficiently.
What sets us apart
Innovation and Improvement
While Valerann and Miovision's concepts are a solid foundation, we plan to refine and innovate. For data collection, we'll employ LiDAR cameras, known for their reliability in diverse weather conditions, instead of conventional cameras and sensors. We'll also collect digital data as a backup, ensuring reliability under virtually all circumstances.
Target Audience
Surveys show widespread discontentment with current traffic systems. This discontent provides an opportunity for AITOS to gain traction, as society craves comfort, ergonomics, and efficiency. As such, we expect rapid company growth and an expanding user base.
In contrast to Miovision and Valerann, who cater to businesses and road operators, we'll offer AI-based Intelligent Navigation System (AINS) to the public. This approach will allow us to gain public attention, stimulating significant and swift business growth.
Embracing the Future
Automated vehicles (AVs) represent a seismic shift in the transport industry. By 2025, over 90% of vehicles will have partially automated features. By embracing AVs and offering features such as intelligent navigation and automated halting at traffic lights, we're not just meeting the future - we're driving it. This focus on AVs will garner interest from a broader demographic, leading to faster company growth and increased opportunities for partnerships and licensing.