iot shipping lanes v010 - internet of business...ibm watson wowed the tech industry and a corner of...

11

Watson-enabledsolutions

RanaGhosh-Roy15th November2016

©2016IBMCorporation

2

Dr Rana Ghosh-Roy is a pragmatic strategist, with agreat industry track record of converting strategiesto operations. He has won various industry awardsbut privately still proudest of his achievements atHMLR and SLC.

Rana always understood the power of unstructureddata, in combination with structured data. He hasbeen the architect of numerous innovative datadriven solutions.

Rana is currently leading the Cognitive andAnalytics team, across Europe in IBM’s GlobalBusiness Services division for the Financial Services(FS) sector. He is on the advisory board of a fewinnovative companies, as well as an AdjunktProfessor at IIT Kanpur, the top technical institutionin India.


3

IBMis105+yearsold,operatinginover170countriesand

hascirca400,000+++employeesglobally.

Itisbestknownforitstechnologyproductsandgroundbreakingadvances.

…notsurprisingly,wehavetillnowfocussedonthe‘T’inIT.....


4

Becausetheworldhaschanged– ourclientshaveaskedustofocusonthe‘I’inIT.

Thisrequireshavingdomain knowledgeandWatsonhasproventobeamajordifferentiatorforus……wenowembedWatsonintosolutionstohelpourclientsleapfrog theircompetitors.

IBMishowevertransformingitselfintoaleadingCognitiveCloudComputing company.


5

SolutionsforAnAgingPopulation

AtransformingIBMisalreadytransforminglives,usingitstechnologyprowessanddomainknowledgeworkingwithourclients.

Let’sseeanevidenceofthis….

(Warning! Somemayneedaboxtissues!!)


6

77

So, have you met Watson yet?


8

WhatitdidIBMWatsonwowedthetechindustryandacornerofU.S.popculturewithits2011winagainsttwoofJeopardy'sgreatestchampions.

Stored200millionpagesofinformation

ObjectiveGetananswerandfindthequestionToplayaquizgame

PerformanceSinglecluegiven,replywithinseconds


9

WhereelsearewetakingitImagineifWATSONcouldprovideKYCofanindividualoracompany

Acompanywantsto

WatsongetsKYCinfoinrealtime

dealwithvendors/partner

hireaperson

andprovidesInsights


10

WhatwillCognitiveKYCdo

RealTimeDataRealtimeaccesstointernetbaseddata

ObjectiveTobeabletogetKYCinformationofanindividualorcompanytoreduceRisk&Fraudoccurrences

MinutesinsteadofdaysReducetimewastedinresearchandanalysis The KYC Champion


11

WhatwillCognitivedo

Watsonwillanalyse yourstructuredandun-structureddatatogiveKYCrecommendations

Beobjective

StructuredData

• USSec• UKCompaniesHouse• SecretaryofState• BvD• InternalDatabase

Decipherthesubjective

Un-StructuredData

• BBC/CNN• Google/Bing• LexisNexis/Factiva• Blogs/SocialMedia• DowJones


12

HowCognitiverevealsrelevantdata

Collectsdatafrommultiplefederatedsources

PresentsoneKYCformfortheindividual/company

Gender

Mobile

Email

Phone

Address

Name

Passport

Prioritizesthefieldsbasedonthesources


13

HowCognitiverevealsinsights

Analysesstructuredandun-structureddata

SubjectTimeline

illegal

Government

UnderstandsComplexStatements

In July 2011, Rupert Murdochfaced allegations that hiscompanies had been regularlyhacking the phones ofcelebrities, royalty, and publiccitizens. Murdoch faces policeand government investigationsinto bribery and corruption bythe British government and FBIinvestigations in the U.S.

ProvideanEntity

AdverseMedia

PresentstheConclusion


14

Let’stakeauserjourney,withWatson,intheFinancialworld.

WhyaWatson-enabledKYCissoimportanttoday?

United Nations 2015

According to UN

3.7 trillion USDis laundered globallyout of $75 trillion USDGlobal Economy


15

Withtherecentterroristatrocities …

§ KYC/CDDisattheheartofthe4th EUAnti-Money-Laundering/TerrorismFinancingDirective. ItisobligatoryforallFinancialInstitutions(Banks,FinancialIntermediaries,etc.)withoperationsintheEU.

§ Implementationcut-off wasoriginallyJune26,2017.Duetotherecentterroristeventsin

WesternEurope,theEUParliamentbroughtthisforwardtoDecember31,2016.§ Mostexposedto1st implementationreviewarethe173Institutions recently

identifiedasSystemicallyImportantbytheEuropeanBankingAuthority.(https://www.eba.europa.eu/risk-analysis-and-data/other-systemically-important-institutions-o-siis-/2015)

§ Weareabletooffera3-phasedsolutionwithaMVP(1st implementation)inPhase2,readyforthemandatoryreview.

Ourclientsandregulatorsexpectcomprehensivesolutions…


16

CognitiveKYC

IBM’sCognitiveKYCisspeedingupCOB/KYCprocessesandreducingAMLfalsepositives.

Let’sseeanevidenceofthis….


17

1818

Let’suseIoT,CognitiveandAnalyticstogether:AnInformedApproachtoUnderwriting


19

Mostaccidentshappeninbusyshippinglanes…

Didyouknowthatonly4% ofroadaccidentshappenonUKMotorways?Itisnotthatdifferent intheshippingworld!

TheGPScoordinatesofcontainershipsarerepresentedhere.


20

Thereisevenamapforworldwideshippinglanerisks…


21

Theprobabilityofsuchaccidentsincreasesdramaticallyinastormyweather…

OurstrategicacquisitionofTWC(TheWeatherCompany)isprovingtobeextremelyuseful.


22

Theextentofdamageisquantified,costedand[temporary]repairsordered…

Couldthisbeavoided?


23

Vessel ID (IMO) Date of Incident Claim description

8977948 30/12/2015 Salvage9017393 31/12/2015 Fire damage8769418 01/01/2016 Hull damage and 1 crew member dead9454242 09/01/2016 Engine failure9241774 11/01/2016 Allision damage and passenger claims9231688 26/01/2016 Multiple claims9362736 29/01/2016 Fire damage whilst at port8500898 01/02/2016 Fire damage9319870 02/02/2016 Allision damage7326908 17/03/2016 Fire damage and injury claims9747948 23/03/2016 Salvage operations due to running aground9208526 24/03/2016 Salvage operations9510462 29/03/2016 Collision damage9176670 29/03/2016 Collision damage at San Lorenzo, Argentina8400050 09/04/2016 Hull damage and salvage9386471 11/04/2016 Kidnap and ransom9498456 24/04/2016 Allision damage9359571 11/05/2016 Collision damage9458913 23/05/2016 Possible General Average declaration9277773 25/05/2016 Collision damage9498896 25/05/2016 Hull damage9347188 30/05/2016 Salvage

ANorwegianinsurer,insuressome15,000vesselsandispayingoutforatleastoneclaimperweek!


24

Thisisavesselinsuredbytheinsurer:


25

Thisisalsoinsuredbythesameinsurer:


26

Theaccidentsarelargelyduetohumanbehavioursandtheirdecisionmakingprocessesbasedoftenontheirpasttrackrecordandexperience.

Notsurprisingly,mostunderwritersstillusethepastclaimshistoryasakeyfactor,i.e.,WHAT happenedinthepast iskey!


27

Thetechnologyhasevolvedtogobeyondthetraditionalclaimshistorybasedunderwriting.

Itisnowpossibletoevenchangethebehaviours ofkeystakeholders.

That’satruegamechanger!Trulydisruptive!!

Ademoofthepossible…http://ibm-shipping-insights.mybluemix.net/


28

UsingCognitive technologies,itshouldbepossibletounderstandtheWHYandtherebypossiblyaddressandevenchangethebehaviours of:

1. TheCaptain;2. TheCrew;3. TheOwners;4. ThePortAuthorities;5. Theassociatedentities,suchasShipBuilders,Repairers,etal;6. TheClaimsHistory;7. Theinterconnectionsbetweenclaims,historiesandevenowners,crews,

captains;8. Andmore!


29

What’sonoffer:

Analyticsisstillneeded:

Wecouldmapall15,000insuredvesselsontotheworldmapandweneedthefollowing:

Insured fleet

Name

IMOMMSI


30

CognitiveandAnalytics:Gobeyondthestandardunderwritingprinciples…gettoknowtheowners,crew,theportauthoritiesandeventheclients ofeachvessel.

Vessel details

••Claims history••Background

BehavioursMonitoringReal-time guidance

Premium

Cognitive data


31

Inthecognitiveworld,theshipownerand/orthecaptainorcrewwouldbeextracautious!


32

Wealsoneedthefollowingthatareusedforstandardunderwriting…

Claims data

Known risks

Vessel data

Forhistoricclaimsdata,itwouldbeidealtohavethevessel’sroutedataalongwiththeexactGPSlocationoftheaccidentand/orhulldamage.

IBMwillhelpGARDcreateamarketdisrupter:anewPremiumchargingconcept–

PayAsYouSail[PAYS]

3333

Asuccessfulsolutionrelieson…


34

Summaries of data collected from all sources. Sortable by key features such as cognitively identified fraud or lack thereof.

Stay on task and aligned with your colleagues with social channel integration

Recommendations and alerts

User can ask Watson for answers from the data or ask it to filter the view below or perform simple tasks.

Understand where in the world the claims happened.

We will work with you to design the application to identify exposures

Identify and explore the relationships between various types of entities

Analytics in context

Views for customers, claims, risk models and policies all in one place.

Engage our Design Thinking


35

Bring Watson’s APIs cognitive technology to your organisation

Services are licensed separately. Some services may be in beta.

Message Resonance Concept Expansion Face Detection Natural Language Classifier Speech to Text Text to Speech Language Translation Language Detection Sentiment Analysis Dialog Retrieve and Rank Image Link Extraction Tradeoff Analytics Entity Extraction

Tone Analyzer Personality Insights Taxonomy Author Extraction Concept Tagging Concept InsightsRelationship Extraction Question & Answer Feed Detection Keyword Extraction Visual Recognition Image Tagging Text Extraction

Watson’s APIs are cognitive building blocks that can harness data in Watson Explorer

Retrieve and Rank

Natural Language Classifier

Tone Analyzer

3636

Questions?

iot shipping lanes v010 - internet of business...ibm watson wowed the tech industry and a corner of...

Documents