Route Monkey is working on a new generation of transport and mobility algorithms for quantum computers, which should cut fleet costs and emissions.
The company already works with Heriot-Watt University in Edinburgh creating and enhancing algorithms for transport and travel.
Now it is joining forces with the Networked Quantum Information Technologies (NQIT) Hub, led by the University of Oxford. Together, the three organisations will develop, test and commercialise quantum algorithms.
“The leap forward in the capabilities offered by quantum computing opens up a whole new field. We can create algorithms that deliver even faster and more accurate answers, to ever more complex transport and mobility challenges,” said Colin Ferguson, Trakm8 Group’s managing director of fleet and optimisation.
The algorithms are capable of making millions of calculations in a relatively short space of time, vastly improving on manual transport planning. They provide a competitive edge to businesses and also help cities deal with growing urban challenges like congestion.
Ferguson added: “With Heriot-Watt University and the NQIT Hub, we can address the increasingly complex challenges of moving people and goods around our cities, while simultaneously cutting wasted miles and reducing emissions from road transport.”
Route Monkey says its optimisation solutions eliminate unnecessary mileage and improve vehicle utilisation, typically helping to reduce fleet costs by up to 20% and substantially cut carbon emissions.