The Veson Platform: The AI Foundation for Maritime Trade
At our recent Singapore Summit, our Chief Commercial Officer, Russ Hubbard, opened with two numbers: 88% of organizations now use AI somewhere in their business1, meanwhile 89% of organizations say it hasn’t produced a measurable return2. This sounds like a significant disparity, but in my experience, it is not actually that surprising. The question is, ...
At the recent Singapore Summit, Russ Hubbard, Veson's Chief Commercial Officer, highlighted a striking contrast: while 88% of organizations employ AI in their business operations, only 89% believe it has generated a measurable return. This apparent discrepancy, he explained, is due to the crucial role of a stable, accurate system of record—much like the ecosystem of a healthy coral reef, where various elements like light, water, and nutrients work in conjunction, with the foundation being the key to creating something greater than the individual components.
AI's efficacy hinges on this underlying system, which is readily available and inexpensive, yet its true value depends on the quality of the system it's grounded in. Veson has been crafting this foundation over the past 23 years, encompassing standardized and structured data, real-time operational data, configurable business logic, access control, and security.
This robust system, dubbed the Veson Platform, unifies various maritime trade tools—IMOS, Q88, VesselsValue, Shipfix, and Milbros—under one login. By integrating workflows, data, and collaboration with contextual AI, the Platform offers features like embedded context, domain intelligence, and native governance, ensuring accurate and efficient decision-making.
For instance, IMOS equips commercial teams with foundational workflows, while Shipfix supports chartering with structured data. Q88 supplies standardized vessel information, VesselsValue provides valuations, and Insights deliver validated data. Additionally, Connect and Mail facilitate seamless communication between internal and external teams regarding operational contexts, such as voyage and cargo records.
CoCaptain AI enhances productivity by leveraging context-specific data and improving accuracy across the Platform. The Veson Platform's design encourages continuous growth, allowing the inclusion of new data products and capabilities without the need for data migration or a steep learning curve. Looking forward, Veson is poised to transform this system of record into a system of action, promising even more transformative capabilities for maritime trade teams.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
