General Motors has a wealth of technology-driven businesses and growth opportunities on the horizon. Among these is a new data platform project dubbed Future Roads, which promises to deliver critical insights to government agencies.
In a presentation given at the recent GM Investor Day event, General Motors’ vice president of Global Innovation, Pam Fletcher, discussed Future Roads and what it had to offer. Essentially, Future Roads is a software platform that will gather anonymized vehicle data to provide government agencies with “actionable insights” to create safer and better-maintained roads.
General Motors is currently conducting a paid pilot of the Future Roads platform, analyzing things like risk scoring, crash hotspots, and seatbelt usage insights. Following the initial paid pilot, General Motors plans to officially launch and scale the Future Roads platform. Additionally, Fletcher says the platform will likely be given a new name as well.
Additional Future Roads products will be released next year, including things like road weather reporting, pothole locations, road roughness, and more.
“Just to give you an idea of cost savings for customers, their failure to spend $1 in road repair today creates a $7 cost later,” Fletcher said during her recent presentation.
The new Future Roads project is just one of many new General Motors technology-driven products set to launch soon. As GM Authority covered previously, GM is also set to launch OnStar Insurance across all 50 U.S. states by early 2022, providing customers with a use-based insurance service that is based on a wealth of vehicle data, including vehicle usage and driving habits, allowing OnStar Insurance to more accurately assess potential risk factors, as well as provide incentives for safe driving to those customers who deserve them.
“The Global Innovation team’s aim is to provide a constant pipeline of potential new revenue streams drawing on GM core competencies to deliver growth much faster than traditional venture capitalists, or incubator startups,” Fletcher said. “And we’re doing just that.”