Latest news with #locationtechnology
Yahoo
04-08-2025
- Business
- Yahoo
HERE Technologies Becomes First Location Data Company to Achieve ISO/IEC 42001 Certification for Responsible AI
Milestone sets industry benchmark for ethical AI management in location technology. Establishes a structured framework for managing autonomous systems in the age of Agentic AI. Amsterdam – HERE Technologies, the leading location data and technology platform, today announced it has achieved ISO/IEC 42001 certification, becoming the first digital mapping and location technology company to meet the world's most rigorous standard for Artificial Intelligence Management Systems (AIMS).This landmark certification marks a pivotal moment for HERE, reinforcing its commitment to responsible AI governance and setting a new industry standard for transparency, accountability and trust in AI-powered location ISO/IEC 42001 MattersIntroduced in late 2023, ISO/IEC 42001 is the first international standard specifically designed to guide organizations in managing AI systems responsibly. It addresses critical areas such as bias mitigation, algorithmic transparency, human oversight and governance.'We're proud to lead the way in responsible AI for location technology. Our customers rely on us to power critical systems with precision, transparency and integrity,' said Damandeep Kochhar, EVP, Chief Platform & Technology Officer at HERE Technologies. 'Achieving ISO/IEC 42001 reinforces our commitment to building AI that customers can trust. When systems are built on responsible AI, they deliver better outcomes, reduce risk and unlock value.'Customer Value The ISO/IEC 42001 certification provides assurances to HERE customers building AI-powered applications across automotive, logistics, urban mobility and enterprise use cases. This certification validates HERE's structured approach to: 1. Robust governance and risk management across the AI lifecycle;2. Ensuring transparency, explainability, and fairness in AI systems;3. Protecting sensitive location data and upholding privacy and data sovereignty; and4. Supporting compliance with emerging AI regulations globally. With ISO42001, HERE reinforces its commitment to responsible, trustworthy, and well-governed AI, enabling safe and ethical adoption across industries, while fostering collaboration in the global AI Applications For more than a decade, HERE has deployed commercial applications and amassed a significant patent portfolio for AI and machine learning (ML) techniques used at the core of its digital cartography techniques and location-based services. HERE is redefining location intelligence with a portfolio of AI-powered solutions that accelerate mapmaking, enhance mobility experiences and streamline simulation workflows. The HERE AI Assistant delivers natural language, location-aware guidance for software-defined vehicles. HERE SceneXtract automates real-world scene generation for advanced driver assistance and automated driving simulation. These innovations incorporate advanced generative AI and a robust foundation of Model Context Protocol (MCP) and agentic technologies that enable dynamic, context-aware location services to operate reliably and at scale.A Legacy of Trust and Future of Responsible InnovationFor 40 years, HERE has helped move people and goods efficiently throughout the physical world. ISO/IEC 42001 builds on HERE's robust portfolio of certifications in security, privacy, and cloud governance, including ISO 27001, SOC 2, TISAX, HITRUST r2 and CSA STAR, further demonstrating its commitment to quality and accountability across all ContactsDanielle Beer, Sebastian Kurme, Lee, HERE TechnologiesHERE has been a pioneer in mapping and location technology for 40 years. Today, HERE's location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. From autonomous driving and seamless logistics to new mobility experiences, HERE allows its partners and customers to innovate while retaining control over their data and safeguarding privacy. Find out how HERE is moving the world forward at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-08-2025
- Business
- Yahoo
HERE Technologies Becomes First Location Data Company to Achieve ISO/IEC 42001 Certification for Responsible AI
Milestone sets industry benchmark for ethical AI management in location technology. Establishes a structured framework for managing autonomous systems in the age of Agentic AI. Amsterdam – HERE Technologies, the leading location data and technology platform, today announced it has achieved ISO/IEC 42001 certification, becoming the first digital mapping and location technology company to meet the world's most rigorous standard for Artificial Intelligence Management Systems (AIMS).This landmark certification marks a pivotal moment for HERE, reinforcing its commitment to responsible AI governance and setting a new industry standard for transparency, accountability and trust in AI-powered location ISO/IEC 42001 MattersIntroduced in late 2023, ISO/IEC 42001 is the first international standard specifically designed to guide organizations in managing AI systems responsibly. It addresses critical areas such as bias mitigation, algorithmic transparency, human oversight and governance.'We're proud to lead the way in responsible AI for location technology. Our customers rely on us to power critical systems with precision, transparency and integrity,' said Damandeep Kochhar, EVP, Chief Platform & Technology Officer at HERE Technologies. 'Achieving ISO/IEC 42001 reinforces our commitment to building AI that customers can trust. When systems are built on responsible AI, they deliver better outcomes, reduce risk and unlock value.'Customer Value The ISO/IEC 42001 certification provides assurances to HERE customers building AI-powered applications across automotive, logistics, urban mobility and enterprise use cases. This certification validates HERE's structured approach to: 1. Robust governance and risk management across the AI lifecycle;2. Ensuring transparency, explainability, and fairness in AI systems;3. Protecting sensitive location data and upholding privacy and data sovereignty; and4. Supporting compliance with emerging AI regulations globally. With ISO42001, HERE reinforces its commitment to responsible, trustworthy, and well-governed AI, enabling safe and ethical adoption across industries, while fostering collaboration in the global AI Applications For more than a decade, HERE has deployed commercial applications and amassed a significant patent portfolio for AI and machine learning (ML) techniques used at the core of its digital cartography techniques and location-based services. HERE is redefining location intelligence with a portfolio of AI-powered solutions that accelerate mapmaking, enhance mobility experiences and streamline simulation workflows. The HERE AI Assistant delivers natural language, location-aware guidance for software-defined vehicles. HERE SceneXtract automates real-world scene generation for advanced driver assistance and automated driving simulation. These innovations incorporate advanced generative AI and a robust foundation of Model Context Protocol (MCP) and agentic technologies that enable dynamic, context-aware location services to operate reliably and at scale.A Legacy of Trust and Future of Responsible InnovationFor 40 years, HERE has helped move people and goods efficiently throughout the physical world. ISO/IEC 42001 builds on HERE's robust portfolio of certifications in security, privacy, and cloud governance, including ISO 27001, SOC 2, TISAX, HITRUST r2 and CSA STAR, further demonstrating its commitment to quality and accountability across all ContactsDanielle Beer, Sebastian Kurme, Lee, HERE TechnologiesHERE has been a pioneer in mapping and location technology for 40 years. Today, HERE's location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. From autonomous driving and seamless logistics to new mobility experiences, HERE allows its partners and customers to innovate while retaining control over their data and safeguarding privacy. Find out how HERE is moving the world forward at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
15-07-2025
- Automotive
- CNA
TomTom lifts floor of 2025 guidance as automotive sales drive Q2 beat
Dutch digital mapping specialist TomTom lifted the bottom end of its 2025 revenue guidance on Tuesday, after a better than expected performance in its core automotive business helped it beat market estimates in the second quarter. The location data pioneer, which started by providing a navigational tool for turn-by-turn directions, has gone through major restructuring and is now developing high-definition self-driving maps that integrate consumer data and advanced driver assistance systems. The Amsterdam-based company expects its revenue to come between 535 million and 565 million euros ($624.72 million and $659.75 million) this year, compared with the previous forecast of 505-565 million euros. TomTom's revenue fell 4 per cent to 146.2 million euros in the second quarter, but beat the 145 million euros analysts had expected in a company-provided consensus, aided by a smaller than expected drop in the automotive location technology business. CEO Harold Goddijn said in a statement the automotive business continued to battle industry uncertainties in the quarter, while underlying growth in location tech for enterprises was more than offset by unfavourable exchange rate movements. "We remain confident about our market position," he added, however. "In the second quarter, our maps were selected to support complex field service operations, optimize logistics, improve infrastructure investments, and more." The group expects its location technology revenue, which includes the automotive and enterprise businesses, to be in a 465-490 million euro range in 2025, versus an earlier forecast of 440-490 million euros. It sees a free cash flow at around 5 per cent of the group revenue, after previously guiding it at break-even.
Yahoo
30-06-2025
- Business
- Yahoo
TomTom to cut 300 jobs amid AI shift
(Reuters) -Dutch location technology company TomTom said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy. The group said the staff reductions concern its units working on the application layer, as well as sales and support functions.
Reuters
30-06-2025
- Business
- Reuters
TomTom to cut 300 jobs amid AI shift
June 30 (Reuters) - Dutch location technology company TomTom ( opens new tab said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy. The group said the staff reductions concern its units working on the application layer, as well as sales and support functions.
