Providing real-time profit optimization for taxis and taxi operators

Combining geospatial data mining and self learning technologies, OptiTaxi predicts the demand for taxi services according to locations, time and a variety of additional parameters. This is achieved by two parallel efforts:

Continuous Self-learning: the system constantly fine-tunes its prediction models to changing realities.

Real-Time Multi-Hypothesis detection: tactical changes in conditions (traffic, rain, etc) demand tactical adjustments. The system constantly reassesses the the situation.

Combining these abilities with real-time data about the location and status of all taxis in a fleet ultimately results in a mechanism to maximize profits for the entire taxi fleet, which directs all taxis to their optimal locations for quickly finding customers (taking into account the location of all other taxis).

Technology