All parts of the transportation industry are being affected by next-gen technology with the AI market in transportation estimated to grow by nearly 20 percent annually to $10.3 billion by 2030. To support a strategy to enhance its products with more data-driven and artificial intelligence/machine learning-based solutions, Dallas-based Omnitracs LLC--a leading provider of fleet management solutions to transportation and logistics companies.--has In this role, Bose--who has a Ph.D. in artificial intelligence--will oversee Omnitracs' data and AI offerings and operations, helping its customers with actionable insights that support their broader business goals, according to a statement. "Omnitracs has a deep history of providing progressive technologies to the transportation and logistics industry," Bose said in a statement. "Digital transformation is reshaping the industry rapidly, and I look forward to leveraging Omnitracs' rich data securely and applying data science and AI techniques to bring new value to Omnitracs customers."

JERSEY CITY, N.J., June 5, 2018 - Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced a strategic alliance with Omnitracs, LLC, a global pioneer of fleet management solutions to transportation and logistics companies. As the first large-fleet commercial telematics service provider to align with Verisk, Omnitracs will now offer its subscribers the ability to contribute data to the Verisk Data Exchange(TM) and apply analytics to the operational safety of their connected fleets. Through the alliance, fleet owners have the option to transfer driving data collected by their Omnitracs telematics platform, the company's Software-as-a-Service (SaaS) fleet management solution, into the Verisk Data Exchange. By contributing their driving data, Omnitracs subscribers will be able to take advantage of fleet insurance services from participating insurance providers and receive operational safety feedback through focused analytics while keeping fleet managers in complete control of their data. "We're excited to expand our telematics-based insurance services to Omnitracs customers and help the insurance industry address the challenging commercial auto risk segment through innovative tools and solutions," said Saurabh Khemka, senior vice president and general manager, Verisk IoT/Telematics.