LR has acquired GreenSteam, a marine data intelligence company specializing in improving vessel efficiency through machine learning.
The acquisition will be integrated into the i4 Insight platform.
Most maritime operations were built with tools, systems, processes and
data in departmental silos.
Silos for scheduling, routing and tracking. Silos for buying and managing
fuel. Silos for creating
and tracking contractual agreements. And the list goes on. To gather and
analyze information to
create a holistic view of your business takes too much time, and with the
potential for data quality
issues your results are always being scrutinized.
The silo approach deprives you of the time and money
you need to compete. But the
digital evolution that is underway unlocks new opportunities to achieve
new levels of business
performance by leveraging the systems you have in place - as well as any
future implementations –
when they are deployed on the i4 Insight platform.
The i4 Insight Platform
Quick to implement.
Quick to value.
We’re uniquely positioned to navigate your
… all of your operational data and applications exist on a single
A world where dashboard views are customized so each individual on
your team is able to make
best, timely decisions. i4 harnesses and standardizes data and
incorporates intelligence and
insights so your critical stakeholders are able to deliver better
- proprietary analytics
- recommendation engines
- data alerts
- and a streamed delivery system
improve the quality and speed of your team's decisions and plans.
From the ground up, and using a customer-centered approach, we have built
the i4 Insight platform to
be capable of integrating the data and information from existing
stand-alone applications and
services into a common “data lake”. In this “data lake” you will leverage
the latest in machine
learning and artificial intelligence to generate completely new insights
previously unattainable in
a silo environment. And with our customizable, web-based delivery system
you will enable your teams
to make the best business decisions – now. No more waiting for reports, no
more questions about
whose data to use – we’re talking about effectively connecting your silos
and adding the value of
intelligence and insight.
Your Digital Evolution
You collect data - now unleash its potential
Ship operators and technical managers collect large amounts of data.
Whether it’s noon reports,
reports, and logbooks or vessel sensors - you will be producing gigabytes
of operating data which is
collected by various silos. The issue is that regardless of how or where
your data is generated it
remains unused, unanalyzed and underutilized. Furthermore, no one is
bringing it together so that
can look at your operations holistically - you can’t create a separate
snapshot of your entire
much less uncover the unique interrelationships that hold significant
value when they are uncovered.
When you aggregate your data on the i4 platform our artificial
intelligence, machine learning,
and world class algorithms deliver new found intelligence and insights to
your managers and
stakeholders - you will be able to take control of the power of your data,
Charter Party Management
The contract is in place and the methods for determining performance are
Imagine if you could understand how you are performing on passages in
real time and could
even compare charter vessel performance individually and to other
vessels – with the push of
a button. Or what if you could develop quick scenarios to see how
changes to a charter
contract would have impacted performance, or even prove that a vessel is
“more” efficient –
allowing for higher charter rates. The opportunities are endless – from
claims visibility, to providing third parties controlled visibility, to
to even tracking whether ordered speeds are actually necessary, the
integration of your data on the i4 Insight Platform brings exponential
value to your charter
Determining whether or not a vessel has performed to
the charter party
should be easy.
You need qualified people who have to do more with
less. You don’t have hours
analyze a current voyage to determine if everything is operating
efficiently and per plan.
Day of Operations
The i4 solution allows users to quickly
identify potential issues;
provides users the data drill down required to deliver the intelligent
operational opportunities and problems, that when addressed properly can
outcome. i4’s personalized dashboards, which can be customized for your
users with the KPI’s
metrics they need to see, create focus and visibility to the areas that
will benefit from
Data Validation & Alerts
Your decisions are only as good as the quality of
your data. i4 runs
hundreds of proprietary rules on the data we receive to ensure that the
information you are
analyzing is of the highest quality. i4’s automated processes, automated
validation reports, and data validation analytics dashboards help you to
areas of concern, correlation between errors and vessels, captains,
users, and the list goes on.
Lloyd’s Register, in its “Global Marine Technology
Trends to 2030”, estimates
4,300% increase in the annual data generated by ships by 2020 – this
means the quality of
data you are collecting is critical.
When the silos come down new relationships can be
uncovered and newly found
savings and advantages will be delivered. Shipping operations are
interdependent, changes in one area invariably impact another.
Intelligent & Insight Driven Decisions
Imagine if you could clearly understand the
relationship between your fuel
quality and the impact it has on your maintenance, vessel performance
and your chartering
contracts. Alternately, if you could pinpoint the impact of hull fouling
on your fuel
consumption or the best trim for your vessel based upon machine learning
models that take
account each vessels loading conditions. It’s possible when you remove
the silos, integrate
and clean your data, and add intelligence with insight.
Asset Risk Management
Most companies maintain their vessels based upon
regimes typically dictated by OEM’s and Classification Societies. Your
fleets are comprised
of vessels built in different yards, different sizes all with different
OEM’s. Imagine if you had the right information that could inform you
that you don’t need to
open that case on a piece of machinery to replace the bearing. This
analysis could then be
analyzed by Class who could approve your deferred maintenance plan. Or
if you had a way to
better understand the machinery condition of equipment across your
fleet...what pieces of
equipment were failing more often, what pieces of equipment have
outstanding issues, etc..
Optimized Planned Maintenance and Condition Based
Monitoring are no longer
i4’s leadership has a combined 100+ years in the maritime industry, and as
a leadership team
we have passionately been at the forefront of this digital evolution for
over two decades. We are a
knowledgeable group of professionals who have spent our careers
understanding the demands of
your business and know the value of your time and resources. We have spent
countless hours inside
marine operations understanding what makes them tick and how to create
real financial value.
Digitization is transforming many industries around the world and creating
new market rules.
It is allowing companies to create new business models and interact in
There needs to be a New Approach… a Digital Ecosystem
that collects data from
disparate sources and can connect your niche applications into an
integrated solution that provides
Intelligent Insight into
your business -- providing sustainable benefit to all parties. We believe
when the silos come
down new interrelationships will be uncovered and new savings and
advantages will be delivered.
While our vision is quite large, we can’t do
this alone. Our passion,
professionalism and vision are backed by a giant in the industry – Lloyd’s
LR’s Digital & Software division is deeply committed to this digital
evolution. They cut through the
data noise to enhance asset performance, take an intelligent approach to
risk management and
ultimately give confidence that steers strategic operations. We have come
together to accelerate
this evolution through a shared vision, the deep resources that Lloyd’s
Register can provide, and
the entrepreneurial speed and tenacity that our customers deserve. i4 is a
proud member of the
Lloyd’s Register Group.
We’re also partnering with other best in class industry software providers
so that we can rapidly
deliver business changing digital practices that impact your business.
You’ve heard the hype around “big data”, “AI”, “machine learning”, “IoT”.
Technology is an enabler -
not the answer. It takes a company that understands your business and is
focused on how to leverage
technology to deliver real value to your business.
We have the technology and relationships to take a staged approach and
accelerate our customers on
their digital journey. No two customers' journeys will be the same and we
are here to partner with
customers as they become a digitally enabled marine organization.