AR Intelligent Asset Catalog
Developed a concept design for a mobile AR feature that uses image recognition to manage physical assets as part of an in-house incubator team.
Goals
Innovate a simple solution for tracking physical assets and drive firm-wide adoption.
My Role
Owner of the project. Defined the product vision, conducted market research, created mockups
Team
1 advisor, 2 designs, 1 Product
Interesting Facts💡
Farmers Insurance® Seasonal Smarts Digest
“Nearly half of U.S. residents (44%) have never made a home inventory list although 70 percent of Americans have experienced a natural disaster.”
Caring.com’s 2023 Wills and Estate Planning Study
“64% of Americans think it’s very or somewhat important to have an estate plan, only 34% of Americans actually have an estate plan in place.”
Most people start thinking about inventorying valuables when they are already busy with life changing events...💍☠️🔥
Problem Statement
The current process of tracking physical assets is cumbersome, causing people to miss opportunities to see their full financial picture or adequately prepare for urgent needs, such as death, insurance, and more.
Solution
AR intelligent asset catalog automate the process of inventorying physical assets and make it accessible for family to collaborate on
Help your grandma inventory her valuables before distribution during her estate planning process.
Using AI image recognition, users can easily identify objects and quickly inventory the list.
Understand the financial value of their belongings and compare it with their comprehensive financial picture.
For family members, view the objects in your home surroundings before voting.
Users can look at the details of the 3D object and place it in their surroundings to understand the scale.
After being satisfied with the item review, they can vote for the distributors to review.
The Impact
The project gained strong interest from senior leadership and led to discussions with the estate planning team.
Although the firm paused innovation projects due to special circumstances, this project brought new perspectives on AR and AI and is now in the company’s backlog for future consideration.