Largest Ride-Hailing Service in Southeast Asia Uses iguazio’s Platform to Ingest, Enrich and Analyze Data for Continuous Analytics and Event-Driven Applications
STRATA DATA CONFERENCE, New York, September 27, 2017 – iguazio announced today that Grab, the leading on-demand transportation and mobile payments service in Southeast Asia, has selected iguazio’s Unified Data Platform to accelerate innovation and boost its competitive edge in a market that serves more than 600 million consumers. The iguazio Unified Data Platform deployed at Grab – which facilitates more than 3 million rides per day — is being used for a variety of data monetization and operational efficiency objectives.
“Ride hailing is more than just an app – there’s a lot going on in the background that leads to great experiences for both the passenger and driver,” said Ditesh Gathani, Director of Engineering at Grab. “Grab’s business thrives because of our ability to manage a continuous stream of data that facilitates real-time matching, booking, payment and location services. iguazio will enable us to continue offering new innovative services at a faster time to market.”
By selecting iguazio’s Unified Data Platform, Grab is innovating a variety of applications, such as:
- Driver incentives to determine driver bonuses in real-time, by analyzing and increasing driver effectiveness, the number of runs during peak driving times and rider satisfaction.
- Maximize driver profits while reducing passenger wait times by optimizing driver the decision-making process using advanced real-time supply and demand heatmaps.
- Surge pricing optimization which correlates passenger demand data with external data sources, such as news, weather and social media.
“Grab is a great example of a client that benefits from the iguazio Unified Data Platform to the fullest,” said Asaf Somekh, CEO of iguazio. “iguazio provides Grab with unique value by enabling continuous analytics and event-driven applications while eliminating the complexity of Grab’s data pipeline.”
Grab uses iguazio’s platform in conjunction with Amazon Web Services (AWS). While Grab continues to send and analyze some data in the AWS cloud, it will now rely on iguazio for real-time processing and analysis of its most time-sensitive requirements.
iguazio recently announce its Series B funding round of $33 million from key venture capital investors and strategic investors such as Verizon Ventures [NYSE:VZ], Robert Bosch Venture Capital GmbH, CME Ventures [NASDAQ:CME] and Dell Technologies Capital [NYSE:DVMT]. Other iguazio early deployment customers include large-scale automotive and media companies, financial institutions and manufacturing IoT manufacturers.
In a separate press release, iguazio today also announced the general availability of its platform. See related press release here.
iguazio is pioneering a fresh approach to the data management challenges faced by today’s enterprises. The iguazio Unified Data Platform provides a new turnkey data stack to support continuous analytics and event-driven applications at scale. Visit www.iguazio.com or follow @iguazio to learn more about iguazio.
Grab is Southeast Asia’s leading on-demand transportation and mobile payments platform. Grab solves critical transportation challenges to make transport freedom a reality for 620 million people in Southeast Asia. Grab’s core product platform includes transport solutions for drivers and passengers with an emphasis on convenience, safety and reliability, as well as its proprietary mobile payments platform, GrabPay, which is increasing access to mobile payment solutions for millions of Grab riders and drivers across Southeast Asia and deepening financial inclusion in the region. In Indonesia, Grab’s network of 500,000 agents is helping the unbanked and underbanked utilize GrabPay’s platform to participate in the digital revolution. Grab currently offers services in Singapore, Indonesia, Philippines, Malaysia, Thailand, Vietnam and Myanmar. For more information, please visit: http://www.grab.com.
Alan Ryan/Jenna Beaucage