The Algorithm People (TAP) is bringing a Fleet as a Service (FaaS) platform to market, which aims to help companies manage mixed fleets as they decarbonise and transition to alternative fuell vehicles.
TAP is working with several partners to integrate a number of services into a single platform. The new FaaS service will use an API (application programming interface) layer to plug the elements together.
Colin Ferguson, CEO of TAP, said: “Our new FaaS platform, will include our optimisation algorithms, a geocoding service, telematics, predictive maintenance and where appropriate, vehicle charging technology with billing, enabling users to have a complete view of the status, location and availability of their vehicles in real-time time.
“In isolation these individual systems are focused on solving a particular business need, by bringing the power of those systems into one FaaS solution, we can amplify the value to the users, driving additional efficiencies and improving business performance.”
The Algorithm People was formed in 2018 and specialise in route optimisation, fleet scheduling and electric vehicle optimisation solutions.
“This is a very exciting development and we’re pleased to be part of the project,” said Ashley Tate, CEO at Mina.
“The customers we’ve spoken to about this development can see the obvious benefits of having all their fleet information in one place, and also unlocking the benefits of other services, which become available through the platform.”
Ferguson says that the commercial vehicle industry, across all vehicle types and sizes, will be going through a major transition in the coming years as it seeks to decarbonise.
“Managing a mixed fleet of different fuel types whether you’re the end user or the vehicle provider will be a major headache,” he said. “The advent of our FaaS platform will remove a significant chunk of that operational burden.”
The Algorithm People expect to launch the of the new FaaS service in the second half of 2022.