According to studies, traffic congestion costs the U.S. economy over $120 billion annually due to delays, pollution, and increased fuel consumption. The need for new infrastructure and maintenance programs is clear, but traditional concrete and steel infrastructure companies struggle to meet this demand effectively. However, Rekor Systems, an A.I. roadway intelligence company, could be up to the task.
Rekor OneTM, their proprietary roadway intelligence engine, uses data from multiple sources to provide insights that can be used to improve transportation systems. The company retrieves third-party data from GPS, crowd-sourced information, Bluetooth, proprietary data capture, and existing infrastructure information, and leverages proprietary AI, machine learning, and deep learning algorithms to transform the data into insight. This information is delivered to customers within tailored software platforms that meet their missions, allowing customers to make better decisions through digital infrastructure investment.
Rekor’s advanced artificial intelligence and machine learning technologies, and IoT Edge devices are well positioned to provide city, state, and federal agencies with necessary data to improve transportation systems. These insights can be used to respond to incidents on the roadway, reduce traffic, increase safety, study greenhouse, and smog conditions, and track electric vehicle adoption and distribution. As a result, agencies can make informed decisions on infrastructure budgets, safety measures, and transportation management in real-time.
Rekor has seen strong demand for its services, with gross revenue increasing 108% in Q1 2023 compared to the previous year. The company’s cutting-edge technology and instrumental role in infrastructure progress make it a leader in the space, offering highly accurate, always-operational count, class, and speed capabilities that can be implemented without any safety and operational drawbacks plaguing existing systems. By deploying its A.I. solution, Rekor provides unparalleled accuracy in data collection and becomes the crucial Internet of Things (IoT) nodes that support a robust roadway operating system.
As U.S. infrastructure continues to need effective solutions, the demand for improved AI technology and digital infrastructure is rising. Accurate and detailed data is critical in traffic studies – making advanced AI technology essential to the future of our roads. Rekor seems poised to be the leader in the space and help decrease the economic burden of congestion across our roads.
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