Cap HPI has acted on its predictions that automotive will be transformed by data usage over the next five years by driving new innovations from its newly-launched Innovation Hub.
Connected cars and increasing volumes of data will transform the industry over the next five years, according to the automotive data specialist and it plans to speed up its pace of innovation with the creation of the new facility in Leeds.
The Innovation Hub will bring together data scientists, analysts, developers and motoring experts to develop tools that help all sectors of the motor industry, Cap HPI said.
Joel Albyn, Cap HPI’s product and innovation director, said: “The development team has done a fantastic job in creating a consumer vehicle appraisal tool that will provide a seamless experience from sofa to forecourt for the customer while helping dealers close the sale and drive efficiency.
“The new Innovation Hub will play a key role in delivering our vision for the industry.
“We are developing tools for manufacturers, dealers, fleets, finance companies and consumers.
“Our Global Code will drive new products that provide a brilliant user experience.
“We are working toward a single portal that will help customers create their own range of data and tools, which is flexible around their need.”
Cap HPI said in a statement that it was working in new agile ways to speed up the process of innovation and build. The process has helped to halve the time of development.
The data and technology business recently announced a significant investment to double the size of its data and product development teams to enable it to handle more data and create applications for customers to access it.
It has also invested in new industry experts for its UK and European valuation services following the roll-out of the business into Germany and France.
The move had seen staff numbers leap to 350 from 160 eighteen months ago and a multi-million-pound investment in the technology and systems that support them.