 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
|
 | |
| Company type | Private |
|---|---|
| Industry | Connected Insurance, Fleet Telematics, Smart Mobility, Smart Cities |
| Founded | 2002 |
| Founders | Fabio Sbianchi Giuseppe Zuco |
| Headquarters | , |
Number of locations | Rome, London, Boston, Madrid, Sao Paulo |
Area served | Global |
Key people | Corrado Sciolla (CEO) |
| Products | Telematics, IoT, Data Analytics, Cloud Computing |
Octo Group S.p.A., operating as Octo Telematics and corporately styled as OCTO, is an Italian multinational technology company. Founded in Italy in 2002, OCTO is most known for providing telematics and Internet of things (IoT) analytics to the auto insurance industry. This is commonly known as Usage-based insurance (UBI) or pay-as-you-drive insurance.[1] Today, the company is one of the largest telematics and data analytics service provider for the car insurance industry.[2] With their advanced analytical services, OCTO also serves the fleet management industry and provides IoT solutions to a number of other markets.
The company is headquartered in Rome, with offices in Boston, London, Madrid, Stuttgart, Sao Paulo and Shanghai.[3] OCTO's big data set is enriched by data collected by connected users around the world. Drivers automatically provide data relating to the car,[4] their driving behavior, localization, context, possible accidents,[5] along with other complex data. This is stored and analyzed based on a combination of thousands of parameters.
Products and services are developed for insurance companies, fleet managers, car manufacturers and shared mobility operators. Governments and cities are also part of the growing customer base.[2]
Globally, OCTO has more than 6 million connected users[6][2][7] that is said to generate 267 billion miles[7] of driving data and 473,000 crashes and insurance related events.[7] Within the shared mobility market, OCTO serves more than 10 car sharing services[8] with more than 400,000 rentals per month.[7]
- ^ Picker, Leslie (26 January 2016). "Deal Book: Octo Telematics, Whose Technology Monitors Driving, Prepares I.P.O." The New York Times. Retrieved 2016-12-08.
- ^ a b c "Nicola Veratelli, Octo: "We need to enable a better life for connected people"". Global Fleet. 18 May 2020. Retrieved 2020-06-04.
- ^ "Home | OctoTelematics". octotelematics.com. Retrieved 2016-12-08.
- ^ "Insurers test the limits of telematics' big data". Financial Times. ft.com. 28 June 2016. Retrieved 2016-12-08.
- ^ "Crash test: The tech driving down car insurance fraud - BBC News". BBC News. 22 March 2016. Retrieved 2016-12-08.
- ^ "Octo Telematics partners with SAS to enhance analytical capabilities across its insurance IoT platform". SAS. 31 May 2019.
- ^ a b c d "OCTO per la "Nuova Normalità"". ANSA.
- ^ "OCTO Acquires Nebula Systems, Reinforces Its Leadership in Intelligent Vehicle Diagnostics". Business Financial Post. 4 December 2019.