Grab, South East Asia’s #1 Ride-Hailing Service, Selects iguazio’s Unified Data Platform – Press Release

NEW YORK–(Business Wire)–STRATA DATA CONFERENCE — iguazio
announced today that Grab,
the leading on-demand transportation and mobile payments service in
Southeast Asia, has selected iguazio’s Unified Data Platform to
accelerate innovation and boost its competitive edge in a market that
serves more than 600 million consumers. The iguazio Unified Data
Platform deployed at Grab – which facilitates more than 3 million rides
per day — is being used for a variety of data monetization and
operational efficiency objectives.

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170927005307/en/

Grab, South East Asia’s #1 Ride-Hailing Service selects iguazio’s Unified Data Platform to accelerate innovation and boost its competitive edge. (Photo: Business Wire)

“Ride hailing is more than just an app – there’s a lot going on in the
background that leads to great experiences for both the passenger and
driver,” said Ditesh Gathani, Director of Engineering at Grab. “Grab’s
business thrives because of our ability to manage a continuous stream of
data that facilitates real-time matching, booking, payment and location
services. iguazio will enable us to continue offering new innovative
services at a faster time to market.”

By selecting iguazio’s Unified Data Platform, Grab is innovating a
variety of applications, such as:

  • Driver incentives to determine driver bonuses in real-time, by
    analyzing and increasing driver effectiveness, the number of runs
    during peak driving times and rider satisfaction.
  • Maximize driver profits while reducing passenger wait times by
    optimizing driver the decision-making process using advanced real-time
    supply and demand heatmaps.
  • Surge pricing optimization which correlates passenger demand data with
    external data sources, such as news, weather and social media.

“Grab is a great example of a client that benefits from the iguazio
Unified Data Platform to the fullest,” said Asaf Somekh, CEO of iguazio.
“iguazio provides Grab with unique value by enabling continuous
analytics and event-driven applications while eliminating the complexity
of Grab’s data pipeline.”

Grab uses iguazio’s platform in conjunction with Amazon Web Services
(AWS). While Grab continues to send and analyze some data in the AWS
cloud, it will now rely on iguazio for real-time processing and analysis
of its most time-sensitive requirements.

iguazio
recently announce its Series B funding round
of $33 million from key
venture capital investors and strategic investors such as Verizon
Ventures [NYSE:VZ]
, Robert
Bosch Venture Capital GmbH
, CME
Ventures [NASDAQ:CME]
and Dell
Technologies Capital [NYSE:DVMT]
. Other iguazio early deployment
customers include large-scale automotive and media companies, financial
institutions and manufacturing IoT manufacturers.

In a separate press release, iguazio today also announced the general
availability of its platform. See related press release at https://www.iguazio.com/press-release/iguazio-announces-general-availability-of-its-unified-data-platform/.

About iguazio
iguazio is pioneering a fresh approach to the
data management challenges faced by today’s enterprises. The iguazio
Unified Data Platform provides a new turnkey data stack to support
continuous analytics and event-driven applications at scale. Visit www.iguazio.com
or follow @iguazio
to learn more about iguazio.

About Grab
Grab is Southeast Asia’s leading on-demand
transportation and mobile payments platform. Grab solves critical
transportation challenges to make transport freedom a reality for 620
million people in Southeast Asia. Grab’s core product platform includes
transport solutions for drivers and passengers with an emphasis on
convenience, safety and reliability, as well as its proprietary mobile
payments platform, GrabPay, which is increasing access to mobile payment
solutions for millions of Grab riders and drivers across Southeast Asia
and deepening financial inclusion in the region. In Indonesia, Grab’s
network of 500,000 agents is helping the unbanked and underbanked
utilize GrabPay’s platform to participate in the digital revolution.
Grab currently offers services in Singapore, Indonesia, Philippines,
Malaysia, Thailand, Vietnam and Myanmar. For more information, please
visit: http://www.grab.com.

iguazio
Alan Ryan, 508-475-0025, ext. 116
or
Jenna
Beaucage, 508-475-0025, ext. 124
iguazio@rainierco.com

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