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SVIS 2.0

Ship vetting company RightShip has chosen IBM’s predictive analytics to upgrade its online risk management system SVIS (Ship Vetting Information System). SVIS 2.0 will be launched in the first quarter of 2014.

It will be powered by IBM’s Cognos Business Intelligence and SPSS Predictive Analytics software. And it will be designed and optimised for smartphones and tablets.

RightShip’s CEO Warwick Norman said: “Risk management in the maritime industry is paramount. In today’s business environment, marine industry operators must be able to efficiently and cost effectively assess the suitability of a nominated vessel. RightShip is the first vetting company to harness the power of Big Data and predictive analytics will bring a new dimension to our risk management system, including deeper and exciting customer insights."

“The system will allow RightShip to better target substandard performance and forecast risk dynamically in response to changing factors and with much greater accuracy.”

Mr Norman added: “Charterers will be better able to predict a vessel’s performance, while seamlessly considering emerging risk factors. A terminal will benefit from a more bespoke service and ensure physical vessel fit. A ship owner can benchmark its fleet in real time with tremendous accuracy and access more insightful measurement techniques. Banks and insurers can integrate our data with in-house systems to more precisely quantify risk.”

Alan Morgan, Business Analytics Software sales manager at IBM Australia, said: "In order to continue to be an industry leader in maritime risk and safety, RightShip was looking to transform their systems to deliver greater information access to its customers, enhancing their level of service. IBM's expertise in business analytics is a key component of that vision. The integrated IBM solution offers RightShip an agile, scalable and flexible means through which a smarter analytics approach can assist them in their on-going growth as a leader in the maritime industry.”

The project will be led by Bryan Guenther, who joined RightShip in February 2013 and was responsible for the design, development and implementation of BP Shipping’s vetting system called iMAS. 

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