How Carscan Aims To Secure South African’s Vehicles. Carscan is an Augmented Reality app with an embedded visual recognition Artificial Intelligence to track the visual condition of every motor vehicle. The company hand holds customers to guide them through the process. The company was founded in 2020 by Obins Choudhary and Chander Prakash.
Carscan is a team of world class Artificial Intelligence experts that are eager to solve real world business problems through the best utilisation of data and machine learning. The team has proven themselves in building disruptive and innovative AI products for banking, insurance and automotive that were adopted by millions of customers. The company records the visible condition of a car, when it matters. The company’s vision or mission is to track the visible condition of every car on earth, throughout their life cycle by 2030.
The Carscan Augmented Reality app hand holds customers to record car condition while giving them the best user experience. Carscan algorithm has been trained on millions of car images in various conditions to bring high accuracy in identifying anomalies in the visible condition of a car.
The Augmented reality engine coordinates Car Parts Annotation, Broadcasts assessments to assessors & repairers. Computer vision model coordinates car parts, classification plus damage and dent detection. Machine learning assigns job to relevant staff and generates assessment report.
The will reduce fraud through mapping past claims, pattern analysis and geo fencing. Carscan’s Software Development Kit (SDK) seamlessly works with clients’ applications, increases security and minimises time to deployment and facilitates the use of Carscan’s REST Application Programming Interface. “Our innovative technology replaces traditional methods of the claims process, especially when one damages their vehicle. This leads to the reduction of fraud as well as savings for the insurer.” said Choudhary in an interview with Ventureburn.
The company managed to win the Best Data Science team award from Gartner in 2016. The company has also managed to secure clients such as The Unlimited, MOTUS and M.Sure. “Carscan is already working with a number of clients solving problems in insurance, audit, buy, sell, hire, etc. The technology has been developed in conjunction with one of the largest players in the automotive sector in South Africa.” Choudhary explained in an interview with Ventureburn.
