Q3 2023 Results
Alain De Taeye - Board Member
Taco Titulaer - CFO
13 October 2023
A new approach
to mapmaking
Insatiable market demand
A vast and growing number of applications is empowered by location technology
Location technology use cases
are becoming more and more advanced
The demand and requirements for location data are continuously increasing
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Bringing location data together
There is a large volume of location data produced in every instance, by phones, cars, and mapping communities such as
OpenStreetMap
Bringing all this data together is hard, as it is mostly non-standardized, and available maps are proprietary
Standardization presents a profound opportunity
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A new approach to mapmaking
Standardization
We are promoting a standard specification for the map that brings uniformity and consistency
Standardization is organized through the Overture Maps
Foundation
Flexibility
Our mapmaking platform is inherently compatible with the emerging standard, and
can ingest all relevant data
This includes a combination of open data and proprietary data sources
Interoperability
We aim to provide a canvas for customers and partners to build on and add content to
This is facilitated by standardization and our platform, which is able to integrate all different datasets
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TomTom NV published this content on 13 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2023 11:16:28 UTC.