The launch of MAI Expert™ is a natural evolution of
Windward's AI-centric platform, using unique data, maritime
expertise, and Generative AI to provide users higher productivity
and a deeper level of domain expertise.
LONDON, June 27,
2024 /PRNewswire/ -- Windward (LSE: WNWD), the
leading Maritime AI™ company, announced today the launch of a
Generative AI-powered Maritime AI Expert aptly called MAI Expert™.
The virtual agent is a maritime subject matter expert that
understands the business and its customers. It is powered by
Generative AI and trained on Windward's proprietary insights and
maritime risk expertise, delivering rapid and demonstrable return
on investment through increased productivity.
The maritime and logistics industries face significant
challenges, including a shortage of human expertise and decreased
productivity due to complex risk management requirements.
Repetitive tasks are also a large contributor to decreased
productivity often bogging down workers with monotonous tasks that
could be streamlined or automated.
To address these challenges, Windward's MAI Expert™ leverages
the broad selection of high-performing foundation models (FMs)
available in Amazon Bedrock, and equips those FMs with proprietary
maritime logistics data to deliver more relevant and accurate
responses. This enhances efficiency, reduces vessel screening and
investigation times, and offers automation capabilities. This
virtual expert is trained with deep knowledge in general maritime
operations, sanctions regulations, and Windward's unique data
repository, enabling it to perform comprehensive vessel risk
assessments rapidly.
"Generative AI is not just a technology for Windward; it's a key
step in our journey in revolutionizing global trade with AI and
with our differentiator — our own data," said Ami Daniel, Co-founder & CEO of Windward.
"By integrating Generative AI into our platform, we are not only
leveraging our industry-leading AI models but also enhancing our
technological foundations to provide unmatched productivity and
seamless automation for our customers. The introduction of MAI
Expert™ within vessel profiles is just the first step in our
extensive Generative AI roadmap, and we are looking forward to
implementing more tools to provide value for our customers."
The initial implementation of MAI Expert™ is in the Windward
vessel profile, where MAI Expert™ analyzes various risk parameters,
including global regulatory risk indicators, P&I insurance, and
specific customer-defined settings (Organization Defined Risk), to
generate detailed vessel profile risk assessments. The agent also
scans and analyzes news outlets for any adverse media regarding
that vessel. MAI Expert™ generates risk assessments that
highlight potential red flags and provide actionable
recommendations. The agent also has the ability to draft external
communications for further inquiries, standardizing and
streamlining the entire risk management process and cutting down
screening and investigation times by approximately 20 minutes per
screening. Overall, MAI Expert™ provides a tangible ROI per user
which starts from 5x for small organizations and up to 88x for
large ones which have a significant screening volume.
About Windward
Windward (LSE:WNWD), is the leading Maritime AI™ company,
providing an all-in-one platform to accelerate global trade.
Windward's AI-powered decision support and exception management
platform offers a 360° view of the maritime ecosystem and enables
stakeholders to make real time, predictive intelligence-driven
decisions to achieve business and operational readiness.
Windward's Maritime AI supports companies across industries. The
company's clients range from energy supermajors, shipowners, mining
companies, freight forwarders, and port authorities, to banks,
insurers, and governmental organizations.
For more information visit: https://windward.ai/.
Media Contact
David
Hoffman
Headline Media
david@headline.media
+972-52-842-1955
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SOURCE Windward
