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AI Used to Appraise Used Motorcycles Raises Questions About Effectiveness

2024-07-17 11:20:09.917000

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The AI Car Damage Assessment System industry is witnessing the emergence of key players such as Altamira, Altoros, and CIITC. These companies are actively involved in developing AI technologies for assessing car damage. The article emphasizes the importance of a supportive regulatory environment in propelling the expansion of the market. Initiatives such as subsidies for renewable energy projects and the enforcement of energy efficiency standards are mentioned as factors contributing to the market's growth [1b19fb4b].


The article also highlights the segmentation of the market by type and application. This comprehensive analysis provides valuable insights to stakeholders, allowing them to tailor their strategies accordingly. The report aims to equip stakeholders with a thorough understanding of the market landscape and the necessary insights for decision-making [1b19fb4b].


The AI Car Damage Assessment System industry is a rapidly evolving sector with significant growth potential. The article by Hector Costello on Weekly Post Gazette provides valuable information on key players and market insights, offering stakeholders a comprehensive understanding of the market landscape and equipping them with the necessary insights for decision-making [1b19fb4b].


The AI BMS market analysis provides detailed projections and evaluations of the market, including outputs/shipments measured in K Units and revenue expressed in USD millions. The analysis covers the period from 2019 to 2030, with the base year being 2023. The report segments the global AI BMS market by type, application, and market players, offering regional market sizes. It is valuable for AI BMS manufacturers, newcomers, and companies in the industry chain. The report also highlights the competitive environment, niche and high-potential markets, key players in the market, and comprehensive market valuation and forecasting. It provides strategic geographic market insights and aims to equip stakeholders with actionable insights for informed decision-making [00dbcb97].


The Philippine Department of Science and Technology (DOST), in partnership with the Asian Institute of Management (AIM), has developed a tool called the Automated Repossessed Motorcycle Assessment System (ARMAS) that uses AI to assess the value of second-hand and repossessed motorcycles. The system asks for key information about the motorcycle and analyzes uploaded pictures to determine if there is any damage or aftermarket accessories. It also listens to the engine sound to detect any odd noises. The system aims to cut assessment time from one hour to just five minutes. However, there are doubts about the effectiveness of AI in evaluating the condition of motorcycles, as AI systems have been known to give bad advice and may struggle with the nuances of motorcycle evaluation. Currently, ARMAS is being used internally by banks and credit companies specializing in repossessed vehicles [986cc4d1].

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.