Fort Worth, Texas — June 21 2013, Digital Recognition Network (http://www.drndata.com), the leader in vehicle data analytics and asset recovery solutions notes that, like real estate, asset recovery is about three things: location, location and location. Finding the actual location of a vehicle can be particularly difficult, even when the address of the owner is available. That’s because 57% of all vehicle assets being searched for are more than 100 miles from where they are supposed to be.
Digital Recognition Network (DRN) asset recovery solutions uses license plate identification technology to find vehicles regardless of where they're located. With a group of 550 national affiliates using DRN technology to gather license plate data at a rate of 50 million vehicles a month, DRN makes it possible to quickly locate and recover vehicles quickly, efficiently and economically.
“You can do skip tracing and other standard forms of vehicle location and find a little less than half the vehicles you’re looking for,” said Chris Metaxas, CEO of DRN. “More and more companies are using DRN vehicle data analytics to locate and recover the assets that are more difficult to find.” When a vehicle’s license plate identification is recorded by several affiliates in an area, and that vehicle needs to be recovered, the location of the vehicle is communicated to a nearby affiliate who then can recover the vehicle in real time. It’s called the network effect and it greatly reduces the costs of asset recovery over time.
Digital Recognition Network (DRN) is a data company exclusively focused on license plate identification, asset value preservation, fraud mitigation and on automotive data derived from license plate identification. By recovering, storing and grouping data on vehicle location, where vehicles go and who drives them, DRN is able to provide value to clients to help them make better, more profitable decisions while preserving asset value.
An industry pioneer in vehicle asset location technology and asset recovery solutions, DRN fuels a national network of more than 550 affiliates employing mobile license plate recognition technology that gathers the automotive data. Because this license plate identification technology is used in every major metropolitan area in the United States, DRN captures automotive data on up to 50 million vehicles each month. With more than one billion data points gathered to date, DRN has the largest vehicle location data base in existence. We are proud to maintain strict standards for privacy, compliance, and data integrity. For more information visit: http://www.drndata.com