Automotive technology company PAVE has won an award for its innovative use of artificial intelligence in vehicle inspections. It came out on top in the 2023 BIG Innovation Awards, presented by the Business Intelligence Group.
Toronto-based PAVE’s platform provides vehicle retailers, wholesalers and fleet managers with detailed condition reports, including images highlighting damage and anticipated cost of repair, all in just a few minutes.
“These awards validate our innovative technology and also reinforce the value PAVE is bringing to those that sell, resell, and manage vehicles and fleets,” said Brian Steinhauser, co-founder and co-CEO of PAVE.
The annual BIG Innovation Awards program recognizes organizations, products, and people that are bringing new ideas to life in innovative ways. Organizations from across the globe submitted their recent innovations for consideration in the awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.
“Innovation is ‘business critical’ in today’s society,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “We are thrilled to be honoring PAVE as they are leading by example and enhancing the automotive industry.”