RCS - Windward Ltd. - Generative AI Launch - MAI Expert™

WindwardAnnouncement

27/06/2024 07:00

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RNS Number : 0460U  Windward Ltd.  27 June 2024

27 June 2024 - RNS Reach

Windward Ltd.

("Windward", "the Company")

Generative AI Launch - MAI Expert™

Windward unveils MAI Expert™, a highly innovative Maritime AI Virtual Agent
powered by Generative AI to benefit Global Trade and Risk Management

Windward
(https://windward.ai/blog/high-sea-russian-oil-transfers-are-far-from-the-only-smuggling-method/)
(LSE: WNWD), a leading Maritime AI™ company, announced today the launch of a
Generative AI-powered Maritime AI Expert aptly called MAI Expert™
(https://windward.ai/solutions/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.

 

Ami Daniel, CEO and Co-Founder of Windward said:

 

"Generative AI is not just a technology for Windward; it's a key step in our
journey as we seek to optimise global trade with AI and with our
differentiator - our own data. By integrating Generative AI into our platform,
we are not only leveraging our 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™ analyses 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 analyses 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, standardising and streamlining the entire risk management process
and we believe that it will cut down screening and investigation times by
approximately 20 minutes per screening. Overall, we believe MAI Expert™ will
provide a tangible return on investment per user which could start from 5x for
small organisations and up to 88x for large ones which have a significant
screening volume.

 

 

 

For more information, please contact:

 Windward                                            Via Alma
 Irit Singer, CMO

 Canaccord Genuity (Nominated Adviser & Broker)      +44(0)20 7523 8000
 Simon Bridges / Andrew Potts

 Alma Strategic Communications                       +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny / Will Merison

 

About Windward

Windward (https://windward.ai/) (LSE:WNWD), is a 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/ (https://windward.ai/) .

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