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Zendrive Applauded by Frost & Sullivan for its End-point-agnostic Software Platform for the Mobility IndustrySANTA CLARA, Calif., May 28, 2019 /CNW/ -- Based on its recent analysis of the North American mobility platform enabler market, Frost & Sullivan recognizes Zendrive, Inc. with the 2019 North American Technology Innovation Award. Zendrive's solution is an end-point-agnostic mobility software platform that requires no hardware, dongle, or any linked peripherals for operation, other than the consumer's smartphone. It lowers collision risk by up to 49 percent among drivers by powering a 59 percent reduction in distracted phone use and a 21 percent reduction in speeding. Its powerful algorithms and IP, along with investments in disruptive technologies and strategic partnerships, make it a key player. Click here for the full multimedia experience of this release: https://best-practices.frost-multimedia-wire.com/zendrive "Zendrive's hardware-agnostic, go-to-market software platform offers valuable support to sectors related to the automotive industry such as insurance and financing, aggregators, and onboard diagnostics (OBD)-II suppliers," said Benson Augustine, Sr. Research Analyst. "It has collected ten times more driving data than the largest insurers in the world, allowing it to power a predictive risk model that is six times more accurate than the industry average. Insurers using Zendrive for full-stack digital transformation have experienced rapid improvements in loss ratio, and so far the company's patented crash detection algorithms have been deployed on 10's of millions of devices worldwide." Zendrive has four main industry affiliations: insurance providers (banking and financial institutions), fleet and fleet maintenance (auto servicing), smartphone applications (mobility and family safety), an wireless carriers (telecom). It analyzes real-time auto data points for speeding, hard braking, aggressive acceleration, and distracted driving. Its algorithms effectively detect and distinguish a driver's smartphone from a passenger's smartphone, without the need for any secondary device. Furthermore, in the event of a collision, the software platform can notify roadside assistance (RSA), the driver's and passengers' families, 911, and insurance companies. Its highly tested and tuned actuarial risk models help insurance companies assess risk profiles, package services, and create products based on driving behavior analysis. These features are pivotal in helping fleets gamify and improve driver behavior. Moreover, Zendrive has robust scalability potential because it scales its existing business through partnerships with network carriers. "The platform's algorithms currently run atop 180 billion miles of data to provide user-specific insights based on strong data science pattern analysis algorithms. This dataset increases by an additional 11 billion miles monthly," noted Augustine. "Overall, its growing native-app-based installations, direct-to-enterprise (D2E) business model, and vision to enable companies in the autonomous mobility space through its algorithms position Zendrive for robust growth." Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables. Frost & Sullivan Best Practice About Zendrive, Inc. About Frost & Sullivan Contact: Bianca Torres
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