Outdated routing systems rely on knowing a vehicle's destination and when it arrives. These systems can't dispatch the vehicle closest to a passenger because they only look at the beginning and end of a trip. Most importantly, these systems do not take the complete scope of the fleet into consideration. They don’t collect and apply data that’s available by looking at each individual vehicle in relation to all others.
Technology
ROUTE OPTIMIZATION
ENTER ROUTEMIND
In contrast to the old methods, state-of-the-art routing technology like that offered by For-Hire Vehicle (FHV) software provider RouteMind takes multiple real-time variables into consideration and adapts easily to scheduling changes, all while integrating with other data systems in a company’s operations. The newest systems use more than “nearest car” to determine how to best route for vehicles in their ecosystem. Factors like destination directions, vehicle pre-availability, and impending traffic changes can be as important as proximity.
RouteMind is a disruptive transportation technology company that applies the most advanced route optimization technology to the FHV dispatch function and builds products and services designed to further transform the FHV and NEMT/paratransit transportation sectors. RouteMind’s autonomous dispatch system includes fully featured driver and passenger apps, as well as a proprietary GIS map and traffic server. The dispatch system is cloud-based, designed to allow fleets of all sizes to autonomously dispatch trips using high-level route optimization algorithms. RouteMind finds the most efficient and cost-effective routes, constantly and continually improving them in milliseconds. It features shared-ride routing, rapid will-call decisions, instant dispatching, and live traffic data.
NEW TECHNOLOGY, NEW OPPORTUNITIES
The impact of technological advances on the FHV transportation industry, particularly those coming from developments in dispatch and route optimization software, are poised to make those in this segment of the industry some of the most exciting and attractive opportunities for new business and investment.