RCS - Windward Ltd. - Windward launches Early Detection

WindwardAnnouncement

29/10/2024 07:00

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RNS Number : 9449J  Windward Ltd.  29 October 2024

REACH

29 October 2024

Windward Ltd.

("Windward", "the Company")

Windward launches Early Detection

 

Groundbreaking AI-based solution uncovers critical events, including
geopolitical shifts and supply chain disruptions before they surface

 

Windward (https://windward.ai/)  (LON: WNWD), a leading Maritime AI company,
is pleased to announce the launch of Early Detection, a groundbreaking
AI-based solution that identifies anomalies at sea using Windward's
proprietary data and advanced algorithms.

Early Detection, coupled with MAI Expert™, Windward's Generative AI-powered
virtual analyst, equips commercial and governmental stakeholders with a
competitive advantage via early identification of critical events, and
delivers both the context and recommendations necessary for swift and informed
action.

Representing the next major step in Windward's comprehensive AI roadmap, Early
Detection has been developed in conjunction with key customers and is now
fully available to all customers as an additional SaaS based licence fee,
providing a potential uplift to ACV per customer.

 

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

 

"Intelligence is power, and those with the earliest data and insights
inevitably lead the market.  Early Detection is powered by our proprietary
data and selected third party data and acts like a crystal ball, eliminating
the surprise and chaos around evolving trends or events, providing our
customers with a significant advantage."

 

"Not only does this innovative tool highlight unexpected activities at sea,
but coupled with MAI Expert™, it also provides the possible context behind
these anomalies and provides actions that should be taken. This empowers our
public sector clients with new potential intelligence leads and our commercial
clients with actionable business intelligence, allowing them to potentially be
ahead of the competition, make informed decisions acting swiftly and
efficiently.

 

Applicable across our entire customer base, Early Detection marks another
major landmark in the expansion of our offering, providing further support for
our growth aspirations. We're excited to bring this differentiated tool to the
industry, furthering our mission to revolutionise global trade with AI."

 

Overview and market need

 

The maritime and logistics industries face significant challenges, including a
lack of expert manpower, an enormous surface area to monitor, unpredictable
weather, geopolitical changes, and a shortage of timely intelligence. These
are examples of situations with potentially no prior data or indicators,
making it hard to identify emerging risks or anomalies until they have already
occurred.

 

To seek to address these challenges, Early Detection analyses significant
amounts of maritime data to spot irregular activities, enabling organisations
to passively uncover anomalies or new trends automatically with no required
user input. The capability alerts stakeholders to these global events that
would otherwise potentially remain hidden, such as an increase in vessels
loitering in specific locations, or a surge in ships changing their flags even
before the cause is apparent.

 

Early Detection utilises Windward's proprietary data enhanced with multiple
open-source data streams, including news, social media, and in the future,
extreme weather and refinery outages (and other data sources of relevance and
importance). This enables linking anomalies with relevant external data,
providing real-time insights and context as events unfold.

 

Coupled with MAI Expert™, Windward's Generative AI-powered virtual analyst
launched in June 2024
(https://www.londonstockexchange.com/news-article/WNWD/generative-ai-launch-mai-expert-tm/16539510)
, Windward believes Early Detection equips Commercial and Governmental
stakeholders with a competitive advantage with early identification of these
critical events and delivers both the context and recommendations necessary
for swift and informed action.

When Early Detection identifies an anomaly, MAI Expert™ provides possible
relevant, contextualised causes, such as illegal trafficking, weather changes,
or economic shifts, and recommended actions. As a result, this solution
enables users to understand potential underlying factors driving the unusual
activities and be able to promptly respond to them, whether that be marking it
as an area of interest, launching an investigation, or taking immediate
action.

 

Designed for both Commercial and Government customers

 

For governments, intelligence agencies, and law enforcement, Early Detection
revolutionises maritime surveillance by providing leads to analysts about
activities that warrant investigation. The most complex challenge of all is
finding the "unknown unknowns" - detecting and understanding threats or events
that are entirely unanticipated. Early Detection highlights unusual vessel
movements, new congregations of vessels, sudden changes in ship registrations,
and other anomalies that could indicate security threats or illegal
activities. MAI Expert™ then provides the context, such as sanctions
evasion, illegal trafficking or fishing.

 

By providing timely, actionable intelligence, Windward believes Early
Detection and MAI Expert™ will enable Government customers to focus their
resources more effectively, enhancing national security and maritime law
enforcement efforts.

 

Windward believes Commercial customers-including shippers, insurers, traders,
freight forwarders, and bunkering companies-can leverage Early Detection and
MAI Expert™ to proactively identify business opportunities and mitigate
risks. The capability alerts users to events including sudden increases in
port congestion or shifts in shipping routes, allowing users to leverage Early
Detection for financial advantage. For example, if vessels begin rerouting to
avoid specific areas and opt for longer, safer routes as seen during the Red
Sea Crisis earlier this year, bunkering companies can strategically position
services along these new paths to meet emerging demand.

 

By understanding these trends and anomalies, businesses can seek to optimise
efficiency, reduce costs, and enhance profitability.

 

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 oil supermajors, freight forwarders, and port authorities,
to banks, shippers, insurers, and governmental organizations.

For more information visit: https://windward.ai/ (https://windward.ai/) .

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