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Nearmap launches AI analysis tool for construction

Aerial imagery company Nearmap has launched Nearmap AI, a series of datasets constructed from machine learning models deployed across its high-definition aerial images.

Aerial imagery company Nearmap has launched Nearmap AI, a series of datasets constructed from machine learning models deployed across its high-definition aerial images.

Nearmap AI datasets allows users to automatically identify ground features, from tree overhang to residential footprints, track changes and verify insights against current aerial imagery at massive scale.

The program is available to businesses and governments in Australia and the United States.

It aims to make it easier it easier for organisations, regardless of size, to access and use AI-driven location intelligence to plan, manage and run their operations.

Local governments will be able to use Nearmap AI to remotely appraise property developments and detect changes in public construction projects, while insurers can integrate the AI datasets as part of their underwriting and claims management processes.

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Nearmap Chief Executive Officer and Managing Director Rob Newman sit the company’s customers are the key drivers of its innovation.

“…they have been telling us about their increasing need to quickly gather location insights that can enhance their productivity and give them a competitive edge,”he said.

“Nearmap AI is a product innovation breakthrough which has been in the making for some time now. What’s unique about it is that it combines the best of both worlds – data analytics and high-definition, frequently-updated aerial imagery.

“And when you add Nearmap tools for measurement, search and location identification, businesses get a solution that will exponentially help scale up their insight gathering efforts, with richer and more accurate data.”

Insurance, utilities and local government users will be able to explore a variety of use cases, as reflected in the strong demand among early industry adopters during the beta period. These include:

  • Automated property analytics, to facilitate risk underwriting and claims management
  • Digital underwriting and claims processing
  • Supplementary datasets to enrich risk modelling
  • Property appraisals, including detecting changes in developments
  • Assessments of development applications and permits
  • Change detection for property valuations
  • Public safety and planning

“We believe Nearmap AI will profoundly change the way we plan, build and maintain our cities and infrastructure today,” Newman said.

“With this combination of data analytics and high-definition aerial imagery, local governments, for instance, will benefit from a birds-eye view and automatic analysis of their cities’ evolution, to inform their planning and construction efforts.”

To access Nearmap AI, subscribers can purchase online or offline export credits, valid for an annual contract period, which will allow them to export AI-derived location intelligence content.

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