NEA 0.24% $2.08 nearmap ltd

After reading the article, I’ll say their key flaw is more than...

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    After reading the article, I’ll say their key flaw is more than just using outdated aerial imagery, it is the fact that with their described product offering to the insurance industry, I believe Nearmap will already be doing it !

    If you read the description of what they do:

    “TensorFlight is all about great technology that delivers major value for the insurance and reinsurance industry. By drawing on the most recent innovations in the fields of computer vision, AI, and machine learning, we have developed a product that is without parallel in the market, also offering enormous business potential. Our software is a global innovation that completely changes how auditors inspect real estate. It automates time-consuming and expensive inspections otherwise carried out in person, simultaneously minimizing costs.“

    Now correct me if I’m wrong doesn’t the above description sound very familiar to where Nearmap is already heading ? But of course Nearmap will already have their own set of AI to yield advance business insights + hi-res updated aerial imagery + 3D models that will challenge any future product offerings from TensorFlight.
 
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