Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, July 05 2021 - 19:00
AsiaNet
Lloyd's List Intelligence, the trusted expert providing actionable insight into the global maritime industry for 300 years, introduces a new industry standard for maritime intelligence through its partnership with artificial intelligence industry leader SAS
LONDON, July 5, 2021, /PRNewswire-AsiaNet/--

Lloyd's List Intelligence, provider of transparent data, analysis, and 
actionable insight for professionals connected to maritime trade, has teamed up 
with analytics powerhouse SAS, a leader in artificial intelligence (AI), data 
mining, modelling and forecasting. Together, they have developed a new level of 
data-driven maritime insight for analysing vessels, movements and fleets using 
managed analytics. This pioneering new application of artificial intelligence 
allows Lloyd's List Intelligence customers to interpret and understand complex 
vessel movements and behaviours in ways that were not possible before.

"Our collaboration with SAS has pushed our analytical capabilities into another 
realm," says Michael Dell, President of Lloyd's List Intelligence. "We are now 
providing our customers with a new level of risk detection and assessment that 
resets the bar for maritime intelligence and drives transparency in the 
industry."
Lloyd's List Intelligence 'Seasearcher Advanced Risk and Compliance' is the 
first service to benefit from this partnership, to be introduced to the market 
from late June.

Increasingly, organisations need to upgrade their ability to identify deceptive 
shipping practices, understand greater context around the level and type of 
risk, and take swift action to avoid fines, sanctions and reputational damage.
"As illicit activities climb and compliance requirements increase, there is a 
need for more immediate, accurate decisioning to detect and mitigate potential 
risks," says Matt Bidwell, Head of Product Management at Lloyd's List 
Intelligence. "By leveraging powerful 'big data' and machine learning 
capabilities from SAS, we've augmented the wealth of Lloyd's List 
Intelligence's historical and detailed data – tens of billions of data points 
–- with AI, to create an enhanced level of insight. During its development, we 
consulted with practicing risk and compliance professionals to ensure that our 
new service addresses their needs for greater support in solving some of the 
most difficult and complex problems associated with risk assessment."

The new solution, Seasearcher Advanced Risk and Compliance, highlights risk 
around probable illicit activities in one complete view that is not available 
elsewhere, generating the most accurate and detailed analytics and risk 
ratings. By factoring in many different layers of live and historical vessel 
behaviour, the use of AI creates greater context around normal, abnormal, and 
dark vessel movements. This brings a new level of insight and support for the 
decisions that risk and compliance professionals need to make. Seasearcher 
Advanced Risk and Compliance detects probable deceptive shipping practices such 
as:

 - Dark port calls 
 - Dark STS transfers (one- and two-way) 
 - Abnormal movements such as loitering

Additionally, there is enhanced context around AIS gaps, ruling out more false 
positives. 

Based on data models approved by experts in the shipping, commodities, finance, 
insurance, and legal professions, and using one common language and 
methodology, Seasearcher Advanced Risk and Compliance introduces a new and 
efficient means for cross-industry evaluation and onward communication of 
maritime compliance risk. 

"The new solution we have developed with Lloyd's List Intelligence applies some 
of our most advanced predictive analytics to create a level of insight around 
vessel behaviours not previously possible," said Bert Boers, Regional Vice 
President of Southwest Europe Sales at SAS. "The critical and fast-changing 
nature of shipping demands that we employ the best analytical modelling with 
the best maritime data to produce a new depth of insight that allows 
professionals to make swift, accurate and confident decisions around risk and 
compliance."

For more information about Seasearcher Advanced Risk and Compliance:  
https://www.lloydslistintelligence.com/services/data-and-analytics/advanced-risk-and-compliance


About Lloyd's List Intelligence

As the trusted expert partner for 300 years, Lloyd's List Intelligence enables 
60,000 professionals connected to maritime trade to act on the truth with 
transparent data and analytics, validated analysis and actionable insight, 
delivered through their data and analytics services, news and commentary, 
reports and publications, and expert advice. Lloyd's List Intelligence is a 
part of Informa PLC, a leading international intelligence, events and scholarly 
research group with a FTSE 100 listing and a presence in over 30 countries.

About SAS [http://www.sas.com/about ]

SAS is the leader in analytics. Through innovative software and services, SAS 
empowers and inspires customers around the world to transform data into 
intelligence. SAS gives you THE POWER TO KNOW®.

www.lloydslistintelligence.com 

SOURCE: Lloyd's List Intelligence