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    Artificial Intelligence

    MapIzy awarded BRII grant

    Ezra PROBy Ezra PROFebruary 18, 2021No Comments2 Mins Read
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    The federal government launched the Business Research and Innovation Initiative (BRII) in July 2016 under the National Innovation and Science Agenda. In 2014, Mapizy, a local startup with the slogan “Helping millions to make better decisions,” began using AI to transform manual geospatial data generation. The company’s new property analytics platform is designed for the insurance, finance, and real estate markets, combining building attributes with change analytics and risk factors to better assess properties, underwrite more accurately, and achieve customer base growth.

    Insurance businesses can use Mapizy’s analytics platform to access the latest property information and make better decisions in various insurance processes from underwriting to renewal and claim assessment. The platform quantifies property value and risks using geospatial analytics.

    Mapizy was recently one of four companies chosen from 250 applicants to receive a $100,000 BRII grant to count fish using advanced technologies. Mapizy is working with leading marine biologists from the Australian Institute of Marine Science (AIMS) to develop an AI tech solution to monitor changes in marine species’ number, appearance, and movements, which is currently done manually. The two most compelling feasibility studies will receive a further $1 million to develop a functional prototype with AIMS. Industry Minister Karen Andrews believes this initiative provides Australian businesses with the opportunity to develop clever ideas and create products that will benefit the community and the economy. Government agencies will have the option to purchase any developed products tailored to meet national challenges.

    BRII Dr Mehdi Ravanbakhsh MapIzy Minister Karen Andrews The Business Research and Innovation Initiative
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    Ezra PRO

    Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.

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