Microlise and University of Nottingham Awarded Technology Strategy Board Funding for Big Data Project
Transport Management Systems provider Microlise, along with partner the University of Nottingham, has been awarded funding of £359,000 from the UK’s innovation agency, the Technology Strategy Board. The objective of the “Value Enhancement for Data from Assets & Transactions” (VEDAT) project is to achieve customer and market value from the high volumes of complex data (Big Data) generated in real-time through telematics technology. Innovative tools and solutions that result in significant cost savings and create new value propositions within the transport and logistics sector will be created as a result of the project.
The backdrop to VEDAT is the millions of miles worth of event data generated through Microlise telematics solutions each day. This data is used at a local level by customers to understand driver behaviour, vehicle usage and customer service levels. However, taken as a whole, the data captured around driving style, risk areas and vehicle flow rates represents a whole additional dimension for Microlise to provide further innovative solutions.
The VEDAT project will take advantage of Microlise technology and market experience, as well as the expertise in hardware products of the company’s research & development team, and will utilise the OEM relationship between Microlise and a global vehicle manufacturer also involved in the project. The University of Nottingham will provide the extensive skills available through its’ Automated Scheduling, Optimisation and Planning (ASAP), Advanced Data Analysis Centre (ADAC) and Nottingham Transportation Engineering Centre (NTEC) teams.
The project will be led at the University of Nottingham by Professor Robert John, Head of the ASAP research group at the school of computer science and will use innovative data mining and advanced data analytics techniques.
“The VEDAT project should yield some exciting applications for industry that have a lasting impact of the way that Big Data can be used”, said Professor John. “Through Microlise telematics technology, a huge amount of data is collected each day that has the capability to offer great insight to those in industry. Our aim is allow organisations to unlock the power of this data”.
The project is expected to last two years and run at a total cost of £500,000. The approaches planned for Data Exploration during this period will culminate in novel tools and approaches, with additional applications across other sectors that suffer “Data Silo” black-holes, such as finance, engineering, biotech/informatics, and other complex disparate data environments.
“As a solutions led company, we are delighted to be partnering with the University of Nottingham on this project which has secured the backing of the UK’s innovation agency, the Technology Strategy Board”, said Matt Hague, Product Strategy Director at Microlise. “The opportunities that Big Data offers transport and logistics operators are significant and we are confident that the VEDAT project will offer exciting benefits to the industry”.
Microlise is a leading Transport Management Systems provider. Our systems, underpinned by market leading telematics technology, enable customers to reduce operating costs and environmental impact by maximising the efficiency of their transportation. Key drivers for implementing a Microlise system are to increase utilisation & productivity, reduce fleet & operational costs, improve customer service, improve driver safety & fuel economy and ultimately lower CO2 emissions. For more information, please visit www.microlise.com.
About the University of Nottingham
The University of Nottingham has 43,000 students and is ‘the nearest Britain has to a truly global university, with campuses in China and Malaysia modelled on a headquarters that is among the most attractive in Britain’ (Times Good University Guide 2014). It is also the most popular university among graduate employers, the world’s greenest university, and winner of the Times Higher Education Award for ‘Outstanding Contribution to Sustainable Development’. It is ranked in the World’s Top 75 universities by the QS World University Rankings. For more information, please visit www.nottingham.ac.uk.
About Technology Strategy Board
The Technology Strategy Board is the UK’s innovation agency. Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit www.innovateuk.org.