RMS Automotive has launched Optimization, an A.I.-powered product suite designed to provide vehicle-specific insights that help clients make data-driven decisions and improve their overall portfolio performance.
The approach enables these solutions to leverage large amounts of data to make scientific, prescriptive recommendations that are fast, automated, integrated with client systems, and dynamically updated as market conditions change, said Ben Flusberg, associate vice president of decision support.
"Clients are experiencing increased pressure on performance," Flusberg said. "To help them succeed, we blend artificial intelligence, technology and unmatched industry perspective and take their portfolio performance to the next level. While some players are talking about AI and machine learning, we are actually using it today to improve our clients business performance."
The RMS Optimization product suite includes Pricing, Location, and Reconditioning modules that provides clients with VIN-specific recommendations, including how to price vehicles most accurately, where to best distribute inventory across physical wholesale auctions, and how to optimally recondition vehicles prior to sale. Pricing and Location Optimization are available today and live with several clients, while Reconditioning Optimization is set to launch soon, according to the announcement.