Verisk Unit Unveils Mobile App For Ground & Aerial Imaging

Geomni, an operating business unit of Verisk Analytics, Inc. (NASDAQ:VRSK) , has launched a new mobile application enabling users to take ground, aerial images and data. The idea is to assist individuals to collect ground, unmanned aerial vehicle exterior images and other useful data directly with their mobile devices, taking the usage of smartphones to the next level previously unheard of.

Geomni mobile application has been built keeping in mind additional security provision for inspectors. Through drone inspection, inspectors in the field can collate useful images, measurement and other data related to their jobs from safe locations with iOS smartphones and tablets. When connected to DJI drones, the application provides unparalleled image quality and operational efficiency.

Presently, Geomni mobile application is available for iOS devices. Its android version will be out soon. It enables iOS smartphone and tablets to act as a remote sensing device that can capture images and other data. This ground-based imagery gives unique views and angles, complementing imagery and data captured from aircraft and satellite. An improved remote sensing feature allows automatic detection of structure, property related items, roof, exterior, etc.

The new mobile application is likely to augment the revenues of its parent firm Verisk. Using advanced technologies to collect and analyze troves of data, Verisk draws on unique data assets and deep domain expertise to provide predictive analytics and decision support solutions that are integrated into customer workflows. These facilitate its customers to take informed decisions with greater precision, efficiency and discipline about various risks involved in the businesses.

Verisk’s shares jumped 1.7% following the news to close at $98.73 yesterday and are expected to gain further. The stock has, however, underperformed the industry in the last three months, with an average return of 6.9% compared with growth of 8.1% for the latter.

Verisk has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include S&P Global Inc. (NYSE:SPGI) , sporting a Zacks Rank #1 (Strong Buy) and Dun & Bradstreet Corporation (The) (NYSE:DNB) and INTERTEK GP PLC (OTC:IKTSY) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

S&P Global has an expected long-term earnings growth rate of 14.5%. It exceeded estimates in each of the trailing four quarters with an average beat of 12.8%.

Dun & Bradstreet has an expected long-term earnings growth rate of 6%. It exceeded estimates in each of the trailing four quarters with an average beat of 11.7%.

INTERTEK GP has an expected long-term earnings growth rate of 12%.

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