Leeds-based data and technology business cap hpi has invested a seven-figure sum to establish a data science team that will enable the launch of a range of real-time data tools.
The investment will see the new team of experts working across a range of industry sectors with the aim of revolutionising the way that data is used in the automotive supply chain.
Led by Mark Barrett, head of international data science and analytics at cap hpi, the team comprises eight data scientists who have international backgrounds and language skills.
The team will use a mix of machine learning, forecasting, automation, analysis, science and data visualisation to help customers benefit from big data and the latest technological advances.
Mark said: “As an international team composed of different nationalities we have a variety of different perspectives and approaches when we bounce ideas around and create solutions.
“This is imperative as cap hpi now has teams in France, Slovakia and Germany operating across Europe as part of its global expansion plans.
“Our focus is on creating internal and external online solutions that can scale to anywhere in the world, whilst being adaptable to local markets.
“We’re constantly making improvements to our models to help us remain accurate for every vehicle, in every market, every day.”
A recent analysis by the team led to the production of tools capable of identifying future classic cars and understanding international market opportunities for electric vehicles.
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The platform aims to highlight the giant strides being made by a sector that boasts around 3,000 organisations in Leeds.