WNWD Windward Ltd

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 (LSE: WNWD), a 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.

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:

About Windward

Windward (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/.

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