Traffic. Everyone would like less of it, and there are dozens of apps and services dedicated to helping city planners with everything from rerouting transit services to adjusting tolls during rush hours.
And don’t expect that momentum to fade anytime soon. Market research firm Gartner estimates spending on technology for intelligent transportation management at $151 billion by 2018.
Two startups in particular, Miovision Technologies and Urban Engines, are stepping on the accelerator with plans to put more of this information into the hands of city planners and commuters through broadly available cloud services.The former just scored another $24 million in venture financing to speed development, while the latter is publishing its mapping software so that cities and third-party developers can take advantage of its routing algorithms.
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