Autonomous vehicle software company Renovo unveiled last week a data management and orchestration platform for developing autonomous vehicle (AV) and ADAS (Advanced Driver-Assistance Systems) products.
Called Insight, the edge-first data platform uses AI-powered automation to enable automotive companies to quickly index and tag unstructured data from their development fleets, query the most important insights, and automatically deliver them to distributed engineering teams ten times faster than any other approach.
Launched during the Rise Conference in Hong Kong last week, Insight is designed to empower companies that are addressing the massive current economic opportunities of a global ADAS market, which is expected to hit US$70.4 billion in 2024, and a wider AV industry projected to reach a massive US$800 billion in 2035.
“With Insight, we’ve been able to create a solution that addresses the challenges of vehicle and AI data management at scale for the automotive industry,” said Chris Heiser, Renovo CEO. “Insight will enable AV/ADAS development teams to quickly leverage key data points, enabling their companies to compete with the market faster and with the most advanced features.”
Currently, managing the enormous amounts of data generated by these vehicles is a struggle. Individual vehicles can generate terabytes of data every day. It can take days or even weeks for critical information needed by developers and data scientists to be identified and made available. Insight speeds up this cycle by sorting, tagging and delivering a company’s most critical data to whomever needs it most—in just minutes.
According to Renovo, Insight represents a data revolution for AV/ADAS development, one that is estimated to ultimately save more than 580,000 lives between 2035 and 2045.