Stage Intelligence Data Reveals the Power of Artificial Intelligence to Increase Efficiency and Profitability in Micro-Mobility SchemesPosted Jun 18, 2019
The BICO AI Optimization platform moved 40,000 bikes per day in 2018 and delivered an average of 98% usability while reducing distribution hours by 20%
London, 18th June 2019 – Stage Intelligence, the leading Artificial Intelligence (AI) platform provider for Mobility and Logistics, has launched its BICO Performance Report 2019, showing the direct impact of AI on Micro-Mobility schemes across the globe. The report reveals that AI can be a driver for both enhanced user experience as well as increased operational efficiency. AI can solve operators challenges around revenue growth while also reducing costs.
The report uses captured from Stage’s BICO AI Optimization platform, which enables operators to visualise, automate and optimise their Micro-Mobility schemes.
BICO is live across three continents, seven countries and 12 cities handling 40,000 bikes a day of which 15,000 are electric.
In 2018, BICO platform has reduced distribution hours and miles covered by distribution trucks by 20% leading to a 20-tonne reduction in carbon dioxide emissions. Schemes were able to deliver a 98% availability and increase rides per bike per day by two enabling them to maximise the potential of their scheme.
Schemes that have deployed BICO on average have seen:
30% reduction of bikes moved
20% reduction of redistribution trucks required
25% reduction of rebalancing jobs
“Micro-Mobility schemes can be complex to manage, costly to operate and difficult to grow. That puts limits on the impact Micro-Mobility can have for citizens and cities. When an operator deploys an AI-based solution, they transform their operations and increase the health and sustainability of their schemes,” said Tom Nutley, CEO at Stage Intelligence. “Our data shows the impact that AI is having in the real world. It is solving the most pressing challenges operators face while making it easier for users to make micro-mobility part of their daily routine.”
BICO enables micro-mobility scheme operators to remove complexity from their operations and reduce costs and in the past 12 months the platform has improved KPI performance for operators by 8%. With historic visibility into scheme performance, BICO enables operators to increase ridership, reduce costs and automate operations allowing them to grow and add new capabilities.
“Operators need an intelligent foundation for delivering the next-generation of Micro-Mobility and offering new users experiences. The ones that will be successful will be armed with new intelligence, data visualisation, real-time decision-making, optimized resources and have the freedom to grow and innovate,” added Nutley.
About Stage Intelligence
Stage Intelligence specialises in developing Artificial Intelligence solutions for the transport and logistics industry. Its flagship solution, the BICO AI optimization platform, delivers real-time intelligence for the management of Bike Share Schemes.
BICO enables precise and optimal decision making and has been purpose-built to remove the complexity from managing resources within a Bike Share Scheme. Partners choose Stage Intelligence because its solutions increase their agility, adaptability and enable them to move beyond traditional manual processes.
Since its inception in 2011, Stage has collaborated with leading Bike Share operators from around the world to solve complex problems and deliver solutions that have a lasting impact on their operations.