February marked San Diego-based fleet management technology manufacturer Lytx’s 20th anniversary. To date, the company says it has analyzed more than 80 billion miles of driving data on behalf of more than 3,000 commercial and government fleet clients globally with its DriveCam program. In addition, Lytx has sold 500,000 subscriptions used with 850,000 drivers worldwide. Lytx says it has helped its clients cut collision rates in half and the associated claims costs by up to 80 percent. In 2017, the company says it helped its clients save an estimated $494.4 million in total claims.
Lytx also offers its Lytx Video Services, which features on-demand continual video and a live stream of the road view, and ActiveVision service, which uses in-vehicle alerts and video coaching to mitigate drowsy and distracted driving.
“Artificial intelligence models will give our clients faster, deeper and more thorough visibility into their operations,” Brandon Nixon, chairman and CEO of Lytx, says. “We’re committed to innovating on behalf of our clients to help them be more efficient, find ways to better serve their customers and keep their workers safe.”
Lytx says it has captured and analyzed more than 80 billion miles of driving data, while continuing to add approximately 1 billion miles every two weeks. These 80 billion miles have helped inform Lytx of human driving behaviors, road and weather conditions across urban, rural, highway and residential environments, vehicle stability, fuel efficiency and more, the company says.
The company has also sold half a million subscriptions.
“Artificial intelligence algorithms are only as smart as the data that go into them,” Nixon says. “Luckily, Lytx has more driving data of this kind than any other company on the planet. This milestone of reaching 80 billion miles shows just how far our platform has grown and how much better it gets every day.”