VisionTrack has won a Gold Stevie Award in the Transportation category at the International Business Awards.
The company, a global provider of AI video telematics and connected fleet data, has been recognised for transforming road safety following the launch earlier this year of AI post-analysis software, NARA.
The AI-powered video analysis tool, which also took the Innovation in Risk Management award at Fleet World’s 2023 Great British Fleet Awards, represents a huge step forward for AI video telematics as it uses computer vision models with sensor fusion to assess footage, without the need for human involvement.
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.
According to the Stevie judging panel, NARA provides an innovative approach to leveraging AI and machine learning in the transportation sector.
One of the judges added: “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.”
The launch of NARA is part of VisionTrack’s commitment to developing sophisticated AI solutions that target fleet risk, road safety and insurance improvements.
CEO Simon Marsh 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.”
