Reducing traffic congestion through real-time route optimization
Traffic congestion is a major frustration for people in urban areas. This startup idea aims to provide a real-time route optimization platform that analyzes traffic patterns and offers alternative routes to drivers, reducing traffic congestion and saving time. By leveraging emerging technologies like AI and IoT, this solution would provide personalized and efficient navigation solutions. Market size: According to a report by Research and Markets, the global traffic congestion cost is estimated to reach $293.3 billion by 2023.