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Otonomo to Integrate Smart Mobility Data Platform with SAP Digital Vehicle Hub

Stock Markets Oct 18, 2022 11:02
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By Michael Elkins

The vehicle data platform Otonomo Technologies Ltd (NASDAQ:OTMO) announced today the integration of its Otonomo Smart Mobility Data Platform with software management company, SAP (NYSE:SAP) and its Digital Vehicle Hub.

The SAP Digital Vehicle Hub is a central cloud-based repository for vehicle-related master, transactional and usage data. It helps enable the creation of digital twins of vehicles, or vehicle components, and provides a 360-degree view of the vehicle lifecycle data. The solution also helps companies share vehicle data between relevant stakeholders and enables collaborative business models and value streams along the automotive and mobility value chain.

According to the announcement the integration will help enable businesses to derive new insights for fleet management and maintenance based on connected vehicle data, drive future mobility business models, and generate new value and revenue streams.

"Our partnership with SAP helps Otonomo to expand into more enterprise accounts while creating new possibilities for how fleet customers can ingest data into SAP Digital Vehicle Hub to streamline vehicle management and fleet operations," said Ben Volkow, CEO and co-founder of Otonomo. "The synergies between our two platforms will translate into opportunities for better business outcomes for customers, allowing them to more easily turn mobility insights into business value."

Shares of OTMO are up 29.63% in mid-day trading on Tuesday.

Otonomo to Integrate Smart Mobility Data Platform with SAP Digital Vehicle Hub
 

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