Vehicle Assessment By Artificial Intelligence

As part of its AI for visual assessment and disaster recovery initiatives, Trackable has launched AI Inspection, a solution that can determine a vehicle’s external condition in minutes.

Through a mobile-friendly web-based app, anyone with a smartphone can easily and quickly assess the condition of a vehicle by simply walking around it once, regardless of its condition. Over 20 of the world’s leading insurers and auto manufacturers trust Tractable’s accident recovery app to accelerate claims processing, which is powered by the artificial intelligence platform trained on hundreds of millions of images.

In addition to inspecting vehicles when they are purchased or sold, returning rented or leased units, recycling parts at end-of-life, and underwriting new insurance policies, the solution also makes underwriting a vehicle easier. From dealerships to wholesale automotive marketplaces, AI inspection is beneficial to a wide range of companies.

Additionally, the solution allows end-users to perform processes typically performed by on-site inspectors, such as checking the condition of a vehicle, remotely and accurately: resulting in improved customer service, reduced transportation costs, and shorter turnaround times.

AI Inspection will unlock efficiencies for the broader vehicle ecosystem, which can benefit greatly from using cutting-edge technology to perform manual tasks faster.” “We already work with US insurers to improve auto claims.

A computer vision algorithm based on deep learning allows AI Inspection to function. The tool recognizes which parts of the car, if any, are damaged once a video of the vehicle is uploaded. The AI can also request additional information on the spot from the person taking a video, ensuring that the vehicle’s state is accurately captured, and the assessment made by the AI is accurate and backed up by the correct evidence.

A combination of automated live-guided video capture with comprehensive AI fraud checks is used by Tractable’s AI Inspection to capture an accurate picture of a vehicle’s state. An app accomplishes this by using a user’s mobile phone’s processing power.

Tractable’s AI inspection technology is now available in North America – where millions of vehicles have been scanned to increase salvage and parts recycling – as well as in Japan. As a global supplier of alternative vehicle parts, LKQ North America works with Tractable to optimize the recycling of the salvage vehicles it procures for its customers in North America.