Widespread social and business benefits expected from new Qrious technology
1 September 2016
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Callaghan Innovation provides $500,000 grant to support development
Qrious has today announced it is developing new technology that will provide in-depth social and business insights for New Zealand.
The announcement of the new technology – known as the Nationwide Population Movement Matrix – follows a $500,000 grant from Callaghan Innovation, alongside other significant investment.
Using anonymised information, the matrix will provide insight into everything from how infectious diseases are spread in the community, to domestic and international tourist movements with New Zealand.
Historical data already gathered by Qrious will also allow organisations to understand the real impact an event, such as a major storm in Wellington, has had on public transport, in order to allow better planning and management in the future.
Qrious CEO, Ed Hyde, says that the platform will be the most sophisticated of its kind in New Zealand and will be highly adaptable, fast and cost-effective.
The technology that sits behind this platform is at the cutting edge of what’s being developed globally, and – combined with our expert data analysis – will help a range of not-for-profit, government and commercial organisations shed fresh light on some of the most pressing social and business challenges faced by themselves and by New Zealanders.
“Significant research and development is required to create a platform this robust and we are grateful to Callaghan Innovation for its support and for recognising the potential of this project,” says Mr Hyde.
Ian Skelton from Callaghan Innovation says that the R&D Project Grant co-funds Qrious’ own R&D and helps de-risk the project. "The purpose of the Callaghan Innovation Project Grant is to increase investment in research and development in New Zealand to support long term economic growth. Data analytics has massive potential as a high value sector in New Zealand’s economy, and Qrious has been able to demonstrate the exciting variety of applications for data-based products.", says Mr Skelton.
On top of the core matrix, Qrious is also looking to support the application of this technology to specific sectors, with an initial focus on its use in driving better outcomes for tourism and transport.
“Already there are plans to develop a web-based portal for the tourism sector that will enable businesses, industry bodies and relevant government agencies to better understand their visitors – where they come from, how long they stay and what they do while travelling,” says Mr Hyde.
“Qrious is also working on a product that can be used to help ease traffic interruptions and congestion issues while road maintenance activity is taking place.
“We’re pleased with how the capabilities of Qrious are being embraced by New Zealand businesses and organisations. Qrious has already delivered a number of high-value projects and to date has partnered with over 40 large and small public and private sector entities, creating a significant amount of social and economic benefit.” adds Mr Hyde.
Development of the National People Movement Matrix is expected to be complete by early 2017.