For AI Inspection, Tractable uses a combination of live-guided video capture and comprehensive AI fraud checks to ensure that the entire state of the right car is captured. This is achieved in the app itself, using the processing power of a user's mobile phone.
FREMONT, CA: Tractable, the company developing AI for visual assessment and disaster recovery, has launched AI Inspection, a new solution that accurately assesses the external condition of a vehicle's body within minutes. AI Inspection allows anyone with a smartphone to quickly and efficiently evaluate a car through a mobile-friendly web-based app in the time it takes to walk once around the car, regardless of condition. In addition, the app gives instant access to Tractable's artificial intelligence platform, which has been trained on hundreds of millions of images to understand auto damage like a human assessor and is trusted by over 20 of the world's leading insurers and automotive companies to accelerate accident recovery.
The solution accelerates any process when inspecting a vehicle's condition is required, including purchasing or selling a car, returning a rental or leased unit, or recycling parts at end-of-life, as well as underwriting a new insurance policy. AI inspection benefits a wide range of companies, from dealerships to wholesale automotive marketplaces.
In addition, the solution converts processes usually conducted by an on-site inspector, such as checking a vehicle's condition, into ones that can be carried out remotely and accurately by an end-user: resulting in far faster results, reduced transportation costs and time, and an improved customer experience.
Jimmy Spears, Head of Automotive at Tractable, said: "With AI Inspection, we have created a powerful AI tool that is not only capable of accurately assessing the exterior condition of a vehicle's body, but can be carried around in your smartphone. This is an immense technical achievement, putting expert-level assessment in the hands of anyone - meaning understanding a vehicle's condition is not only more efficient but also more transparent.
"We already work with US insurers to improve auto claims. AI Inspection will unlock efficiencies for the broader vehicle ecosystem, where there are huge gains to be made with faster ways of performing manual tasks, with cutting-edge technology."
AI Inspection works through using deep learning for computer vision. Once a car video is uploaded, the tool can recognize what parts are damaged, if any. The AI can also interact with the person taking a video to request specific additional information on the spot, ensuring that the state of the car is captured effectively and that the AI assessment is reliable and backed up by the proper photographic evidence.