Post Catastrophe Imagery and AI-derived property damage and condition data unite to help insurers process customer claims more efficiently.
Nearmap announces product roadmap built on market-leading artificial intelligence platform: automated roof condition assessment, fire risk assessment, flood risk assessment, and artificial intelligence insights for natural disasters
Fifth generation of Nearmap AI also launched at annual customer event, Nearmap NAVIG8 2022
SYDNEY, AUSTRALIA (11 October 2022, 9.00am AEST) — Organisations responding to the challenges of a changing climate–in sectors including insurance, government, financial services, architecture, construction, and engineering – will soon be supported by a range of transformational technologies from leading location intelligence and aerial imagery company, Nearmap. The new products will provide automated insights and enable companies to rapidly evaluate property conditions and risks.
Announcing the new product roadmap at annual customer event Nearmap NAVIG8 2022, Don Weigel, Senior Vice President of Product said: “Nearmap has swiftly transitioned from selling individual products underpinned by world-leading technology, to providing an irreplicable, integrated solution-stack of location intelligence data, insights and tools.”
“In this way, organisations can rely on Nearmap to provide a trusted, end-to-end solution of location intelligence technologies and aerial imagery to help them work smarter, better, and faster. Nearmap is the only company that owns the entire technology stack for location analytics, including the camera technology, image capture, processing, data and content , delivery, and machine learning capability. This enables us to be agile, innovative, and responsive to our customers’ needs.”
Nearmap AI is built on a rich layer of content that uses machine learning to turn Nearmap high resolution aerial imagery into information and insights, creating one of the most accurate and richest artificial intelligence offerings in the market.
The fifth and latest generation of Nearmap AI is enabled by a new deep learning model trained on a much larger data set. The product has grown to an automated map of 78 layers (from 49 layers in the fourth version), and more than 500 facts per address. It includes performance enhancements to existing layers. There are also five new AI packs, which bundle these artificial intelligence layers into products for different use cases (roof objects, debris, surface permeability, and pavement markings [alpha]).
A full list of the Nearmap AI packs and layers is available here.
Dr Tom Celinski, Chief Technology Officer at Nearmap, said: “The fifth and latest generation of Nearmap AI offers more than high-definition vector maps, and additional automated location insights. It also serves as a powerful platform for a suite of new AI-derived products and technologies that will transform how organisations gain data and insights to make better decisions.”
The launch of the latest generation of Nearmap AI will enable a range of advanced analytics products that will transform property risk management. The product roadmap announced at Nearmap NAVIG8 2022 includes:
Dr Michael Bewley, Senior Director, AI Systems said: “As the world and weather changes, Nearmap is supporting organisations by applying our world-leading machine-learning capability to our extensive library of historical and current location data to transform the management of property risk. Our data includes proprietary large-scale, high-resolution maps of urban environments and terrain features which have a strong impact on the way floods and fires move through the landscape. This will help organisations to better predict, prepare, and respond to the evolving challenges of a changing climate.”
Nearmap is offering unmatched productivity and efficiency from its new patented and proprietary aerial camera system, HyperCamera3, which is now in commercial flight in Australia and will soon be available in the U.S.
Nearmap has also announced three big enhancements to its flagship mapping tool, MapBrowser, that complement its market leading city-scale 3D content, artificial intelligence data sets, and geospatial tools:
The Nearmap product roadmap follows a recent announcement by Nearmap that it is boosting its capture program in Australia to include more regional and rural areas. The FY23 capture program will include an additional ~23,000 sq kms of new, additional unique captured footprint1, 82 new locations, and an overall, national coverage footprint of over 500,000 sq kms of annual coverage.2