VisionTrack, the global provider of AI video telematics and connected fleet data, has scooped a Gold Stevie® Award in the Transportation category at the International Business Awards®. The company has been recognised for transforming road safety following the launch earlier this year of AI post-analysis software, NARA.
NARA represents a huge step forward for AI video telematics as it uses ground-breaking computer vision models with sensor fusion to assess footage. The AI-powered post-analysis tool is changing how collisions, near misses and driving events are reviewed and monitored by automatically analysing vehicle camera footage, without the need for human involvement. It is part of VisionTrack’s commitment to developing sophisticated AI solutions that target fleet risk, road safety and insurance improvements.
Using NARA, fleets can make best use of video telematics insight to better protect road users and help prevent collisions. Advanced object recognition takes advantage of deep learning algorithms to identify vehicles, cyclists, pedestrians and road signs/traffic lights, taking seconds to distinguish between collisions, near misses, and false positives. The software also includes Occupant Safety Rating that uses a range of parameters to calculate the probability of injury and immediately identify if a driver needs assistance.
Discussing the VisionTrack entry, one judge commented: “NARA is an innovative approach to leveraging AI and machine learning in the transportation sector. The software addresses critical challenges in fleet safety and operational efficiency, demonstrating transformative potential in road safety, driver protection, risk mitigation, and claim management. The solution provides tangible value to its users and has significant potential for wide-scale adoption in the transportation industry, making it an impactful contribution to road safety and fleet management.”
Simon Marsh, CEO of VisionTrack said: “Our cloud-based NARA software is a true game changer in the world of video telematics as it is helping fleets to save time, costs and most importantly lives, by providing proactive risk intervention and accurate incident validation. This latest international award recognises our success in developing AI innovation and underlines our position at the forefront of the video telematics sector.”
The International Business Awards (IBA) are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2023 IBAs received entries from organisations in 61 nations and territories. Winners will be celebrated during a gala banquet at the Cavalieri Waldorf Astoria Hotel, in Rome, Italy on Friday, 13 October.