What3words said that traditional street addressing is failing to meet the demands of today’s on-the-go services such as food delivery, taxi-hailing and e-commerce. This also hinders access to healthcare and financial services. It said globally, 70 per cent of addresses will not take a person to the front door. Also, inaccurate addressing is very costly to businesses.
What3words has been backed by investors such as tech giant Intel, Japanese electronics firm Sony and German luxury carmaker Daimler. Sheldrick said the company is now betting big on the opportunity it is seeing in India and strengthening its presence in the country. It has 8 Indian languages active--Hindi, Bengali, Tamil, Telugu, Marathi, Urdu, Kannada and Malayalam. Hindi was the first South Asian language the firm worked on, and it learned a huge amount about India and its languages when coordinating that project. It is now looking forward to finalising Punjabi, Gujarati and Nepali and Odia (Oriya) products in the coming months and years. Now 8 out of 40 (20 per cent) of its available languages are South Asian.
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