AI tool to assess value of second-hand motorcycles developed in Philippines

RahulNagaraj · 23rd July 2024, 16:48

According to media reports, the Department of Science & Technology of the Philippines has partnered with the Asian Institute of Management (AIM) to develop an AI tool which can assess the value of second-hand motorcycles.

The new AI tool is called the Automated Repossessed Motorcycle Assessment System (ARMAS). It requires users to enter key information about the motorcycle, including make, model, model year and date of sale.

AI tool to assess value of second-hand motorcycles developed in Philippines-aitech.jpg

Once the information is provided, the tool will require you to upload images of the motorcycle from various angles. The AI algorithm analyses if there are any damages or aftermarket accessories and if the bike is still in its original colour. In addition to this, the AI tool will also ask the motorcycle to be fired up to "listen" to its sound and detect any irregularities.

The AI system is currently not available to the general public though. The tool is limited to use internally by some banks and credit companies specialising in the procurement of repossessed vehicles.

Source: RideApart

Link to Team-BHP news

bijims · 25th July 2024, 18:32

A similar version being made available in India to the public would be great! Anyways nice initiative

23rd July 2024, 16:48	#1
RahulNagaraj Senior - BHPian Join Date: Mar 2021 Location: Bangalore Posts: 2,526 Thanked: 24,020 Times	AI tool to assess value of second-hand motorcycles developed in Philippines According to media reports, the Department of Science & Technology of the Philippines has partnered with the Asian Institute of Management (AIM) to develop an AI tool which can assess the value of second-hand motorcycles. The new AI tool is called the Automated Repossessed Motorcycle Assessment System (ARMAS). It requires users to enter key information about the motorcycle, including make, model, model year and date of sale. Once the information is provided, the tool will require you to upload images of the motorcycle from various angles. The AI algorithm analyses if there are any damages or aftermarket accessories and if the bike is still in its original colour. In addition to this, the AI tool will also ask the motorcycle to be fired up to "listen" to its sound and detect any irregularities. The AI system is currently not available to the general public though. The tool is limited to use internally by some banks and credit companies specialising in the procurement of repossessed vehicles. Source: RideApart Link to Team-BHP news Last edited by RahulNagaraj : 23rd July 2024 at 16:54.
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25th July 2024, 18:32	#2
bijims BANNED Join Date: Aug 2022 Location: Muscat Posts: 1,001 Thanked: 3,078 Times	Re: AI tool to assess value of second-hand motorcycles developed in Philippines A similar version being made available in India to the public would be great! Anyways nice initiative
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