Optibus releases impact analysis tool, named ‘Technology Pioneer’ by World Economic Forum

Optibus is releasing an impact analysis tool to help cities visualize the impact of transit changes on the surrounding community.

The tool, which is fully integrated with Optibus’ transit planning and scheduling capabilities, enables cities and transit operators to visualize and understand how route changes will affect selected demographic groups living along those routes. They will also be able to seamlessly plan routes, schedules, and rosters using the impact analysis, all on a single platform.

"Public transit isn’t just about vehicles, but about the cities and towns where transit provides an essential service for residents,” said Optibus CEO and Co-Founder Amos Haggiag. “By helping cities analyze the impact of their existing transit service and the service changes they need to make, especially as we begin easing out of lockdown, Optibus makes it easier for transit agencies and operators to incorporate impact analysis into their everyday planning and scheduling.”

Examining the effect of service changes on the city’s population can help transit providers answer critical questions like: If service was reduced on certain routes, who lives along those routes? Do those residents still have regular access to the places they need to go?

U.S. transit providers can use Optibus’ impact analysis tool to help them meet the federal Title VI requirements to conduct service equity analyses for major service changes. The tool uses up-to-date nationwide data about demographic groups in the U.S., which transit providers can customize based on their needs.

Since the tool is a built-in component of the planning and scheduling process, transit providers will find it easy to use on a regular basis, in line with the broader spirit of equality and not just the narrow requirements of federal regulations. They can also use the impact data to seamlessly compare multiple scheduling scenarios and view business metrics like peak vehicle requirement and total cost, including vehicle and driver costs, giving them the information needed to make good decisions fast.

Optibus officials also announced its cutting-edge software platform for public transportation was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers.”

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development, and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. The Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.

Following its selection as Technology Pioneer, Optibus’ Haggiag will be invited to participate at World Economic Forum activities, events, and discussions throughout the year. Optibus will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.

“Being acknowledged by the World Economic Forum as a technology pioneer is not just a great honor for Optibus. It also signals the crucial importance of public transportation in the global discourse about mobility, cities, and the environment — and the role that technology plays in making them better,” said Haggiag.