Glossary Term
Algorithm
An algorithm is a defined set of rules or calculations that a computer follows to process information or solve a problem.
- AI Estimating
- Shop Management
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AI Estimating
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Glossary Term
Object Detection
Object detection is a computer-vision task that identifies objects in an image and indicates where each object is located, commonly with a box or other boundary.
- AI Estimating
- Computer Vision
Glossary Term
Artificial Intelligence
Artificial intelligence is a broad category of computer technology designed to perform tasks that normally require human perception, reasoning, language understanding, prediction, or decision support.
- AI Estimating
- Computer Vision
- Generative AI
Glossary Term
Straight-Through Processing
Straight-through processing is a workflow in which qualifying transactions or claims move through defined steps automatically with little or no manual handling.
- AI Estimating
- Insurance
- Robotics & Automation
Glossary Term
Automated Damage Appraisal
Automated damage appraisal is the use of software to assess vehicle damage and produce or support an initial evaluation of repair needs, severity, or cost.
- AI Estimating
- Computer Vision
- Insurance
Glossary Term
Total Loss Prediction
Total loss prediction uses available claim, vehicle, damage, and market information to estimate whether repairing a vehicle is likely to be economically impractical under applicable rules.
- AI Estimating
- Insurance
Glossary Term
Bias
AI bias is a systematic tendency for a model’s results to favor, disadvantage, or misrepresent certain situations because of its training data, design choices, or how it is used.
- AI Estimating
- Insurance
Glossary Term
Training Data
Training data is the collection of examples used to teach a machine-learning model how to recognize patterns or produce desired outputs.
- AI Estimating
- Computer Vision
- Generative AI
Glossary Term
Claims Triage
Claims triage is the process of sorting new claims by factors such as severity, complexity, repairability, urgency, and the type of review they require.
- AI Estimating
- Insurance
Glossary Term
Computer Vision
Computer vision is a field of artificial intelligence that enables software to analyze and interpret photographs, video, and other visual information.
- AI Estimating
- Computer Vision