Droom Launches Its AI Lab To Develop New Innovation For Used Automobiles

Adding yet another facility to its infrastructure and ecosystem, Droom, has launched its AI Lab. At AI Lab, Droom will be leveraging technological interventions like Artificial Intelligence, Machine Learning, and Big Data to evolve and offer newer tools and solutions to enable the commerce for used automobiles. Droom is allocating INR 50 crores of its investment budget to facilitate innovations is widely being appreciated as a remarkable step amidst the industry.  

Droom’s integrated Platform with its ecosystem tools such as OBV (Orange Book Value), Eco, Credit, and History is based on AI and advanced machine learning tools. Also, Droom has recently added Dashboard, a feature, which gives customers a 360-degree report of a vehicle simply by scanning or uploading a picture of its registered number plate or taking pictures of a vehicle.  At the Droom AI Lab team is also working on several projects like Advance Alert System, which can alert customers when the car needs maintenance, based on the OBD data. 

Speaking on this occasion, Mr. Sandeep Aggarwal, Founder, and CEO, Droom remarked, “We planned to continue operating in our investment and expansion and setting up our AI Lab is an integral part of the innovation. Technological advancements like AI, ML, and Big Data, etc. are redefining next to every domain across the globe, and with Droom being one of the most innovative online automobile and e-commerce platforms. With the ease in management of large data within a less time that AI and data analytics bring about, we at Droom are leveraging these to create new products and revamp the existing ones, thereby catering to our customer-base better.”