PowerFleet (AIOT) Launches AI App to Prevent Driving Risks

PowerFleet, Inc. (NASDAQ:AIOT) is one of the 14 Best Technology Penny Stocks to Buy According to Analysts. On July 10, PowerFleet, Inc. (NASDAQ:AIOT) announced a new automated AI risk intervention application, an innovative AI video module. This application is powered by an expert AI automation engine and it is designed to help companies find and prevent risks in real time.

The app is integrated into the company’s Unity ecosystem and offers a new way to proactively manage safety by replacing the need for people to watch videos manually. Instead of focusing on post-incident review, this enterprise application uses AI to watch and analyze live videos to help organizations make quicker and better decisions to keep their fleets safe.

According to the report by PowerFleet, Inc. (NASDAQ:AIOT), traditional dash cams or legacy telematics systems only review incidents after they occur. However, this new application uses advanced AI processing on both the edge and cloud to spot risky behaviors like fatigue, distraction, and aggressive driving as they happen. It then sends alerts to help prevent accidents.

PowerFleet, Inc. (NASDAQ:AIOT) expects this new automated AI risk intervention module to help lower collision rates, distracted driving, and VOR (Vehicle Off Road) time.

PowerFleet, Inc. (NASDAQ:AIOT) is a leader in AI-powered data solutions that enhance mobile asset performance, safety, efficiency, and workforce productivity. The company’s Unity cloud apps use AI, machine learning, and IoT connectivity to offer mission-critical insights across industrial, logistics, and transportation sectors.

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Disclosure: None. This article is originally published at Insider Monkey.