Chemical tanker shipbroker SPI Marine announced partnership with tech giant Microsoft, aiming to bridge the gap between data and decision making in shipping.
Under the innovative venture, ship brokers and users will use the latest AI-powered data processing technology to ask questions via a Q&A style search experience and gain real-time answers to granular questions. This will enable them to make better informed and faster business decisions.
With the traditional role of a ship broker evolving rapidly, in order to grow and prosper, a leading modern shipbroker needs to be a powerful data processing and analytics company. Getting accurate, data-driven, and real-time answers to today’s myriad of commercial and operational questions is key,
…said Mark Roberts COO at SPI Marine.
Along with Microsoft Power BI (Business Intelligence) services, SPI is further developing The Vault – a data analytics platform, which contains the Q&A service and provides prescriptive analysis for client negotiations, thus empowering ship brokers and users to draw conclusions that will affect the cost and time of their client’s voyage before it has been executed.
“What are the average waiting times at the Houston LBC3 tanker terminal by month? What is the load pump rate for vegetable oils in New Orleans and St Rose?” These will be some of the questions the Q&A system will tackle.
The team provided actionable feedback about the Power BI Q&A feature which we were able to incorporate into the product to continue evolving our natural language capabilities. SPI Marine’s Power BI solution is going to help a lot of non-technical users easily interact with data through language and I am excited to see where they will go next,
…said Microsoft Senior Project Manager Justyna Lucznik.