Technology news and briefs for the week of Aug. 13, 2023:
Ryder launches new tech lab
Ryder System Inc. has launched a Silicon Valley-based technology lab to develop new customer-facing technologies. The lab, called Baton, aims to use these technologies to digitize and optimize networks as well as prepare Ryder for the coming artificial intelligence (AI) wave.
The lab was originally a San Francisco-based startup founded by Andrew Berberick and Nate Robert, now co-chief product and technology officers for Ryder, that developed proprietary logistics technology focused on optimizing transportation networks. Ryder initially invested in Baton’s Series A funding round and then acquired the startup last year.
Baton’s first challenge is to create an AI-powered digital platform and optimization engine that facilitates a new, integrated approach to managing transportation networks for customers where seasonality and fluctuating demand inhibit the continuous use of resources.
New dashcam hits market
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Teletrac Navman has added a new camera to its video telematics offerings. The AI-powered, dual-camera dash cam IQ Camera, which integrates with Teletrac Navman’s TN360 fleet management software, offers fleets of commercial vehicles an easy entry point into telematics.
The fully connected camera uses sensors and video AI to review every minute of drive time and understand behavior. With TN360, the camera pulls driver performance data into a single location, giving fleet managers a full view of performance so they can identify areas for improvement, improve driver safety through informed coaching and implement reward programs.
The camera allows fleets to be managed in real time and takes coaching into the cab with driver assistance and status monitoring. Its built-in Advanced Driver Assistance (ADAS) and Driver Status Monitoring (DSM) features that include forward collision, tailgating, distracted driving and drowsy driving provide real-time feedback to drivers so they can make instant improvements.
Video data from before, after and during the event is automatically uploaded to the TN360 connected platform for immediate viewing so teams can identify high risk actions and provide transparent feedback to drivers.
Trucking insurer invests in AI tech
Commercial truck insurers have been increasingly partnering with telematics providers of their clients to use their data to help them assess their risk profile and calculate premiums. Now insurers are hopping on the artificial intelligence train.
American Trucking and Transportation Insurance Company, a Risk Retention Group (ATTIC), which provides liability insurance with high-premium limits and large deductible options to small and midsize trucking companies, recently invested in software provider Gradient AI’s claims management solution to predict claim risk, triage claims and close commercial transportation claims quicker and more cost-effectively.
Prior to adopting Gradient AI, ATTIC’s claims predictions were based primarily on an adjuster’s previous claims experience and professional intuition. However, limited access to third-party datasets and machine-learning capabilities hindered their ability to assess how they were performing against similar insurers in comparable auto incident scenarios. Gradient AI’s commercial auto industry data lake contains millions of claims.