As Posidonia 2024 opens, Norway-based maritime technology business, Shipnet, has announced the launch of Helix, a revolutionary new product designed to transform decision-making in the shipping industry through advanced data analysis.

Helix provides a digital representation of your shipping business, enabling seamless integration and analysis of data from various sources such as safety, pricing, and procurement. By leveraging these diverse data inputs, Helix uncovers actionable insights to enhance business operations.

Uncover the insights hidden in your shipping business’s DNA

Established in 1991 and headquartered in Oslo, Shipnet has a legacy of addressing industry challenges with its integrated vessel management software, trusted by over 150 businesses in 31 countries. Its expertise in integrated vessel management software allows businesses to see the bigger picture combining technical, commercial, financial and analytical operations together.

John Wills, Vice President of Product at Shipnet said: “It’s not uncommon for businesses in the shipping industry to suffer as a result of insufficient data and our simplicity, transparency and ability to connect different business areas gives the most informed decision making. Our analytical capabilities with the launch of Helix will ultimately transform your business by funnelling your data into Helix, giving the opportunity to find out how your business is performing.

“It allows integration from whichever program you are already using such as Excel, Sisense, Microsoft Power BI and learn whatever you choose to from it. Particularly where ESG is increasingly important, Helix enables you to change and improve your business and see what’s currently driving it. It will be the most flexible reporting dashboard on the market.”

The real world applications of Helix are extraordinary, just one example of how Helix can be used is when looking at safety and accidents at sea. The system has weather data from the last five years from National Oceanic and Atmospheric Administration (NOAA) which can be overlaid with a business’s historical data of conditions, incidents, response times, workforce etc. enabling accurate predictions of outcomes. “Many workers may take more care when conditions are not favourable compared to when conditions are good and therefore the likelihood of accidents could be higher during better conditions,” said John.

Helix will propel shipping companies forward by revealing hidden insights hidden within their fleet DNA and empower them to take action accordingly.

Future expansions are already in motion, with AI tools set to be integrated into Helix later in 2024. This integration is set to revolutionise the approach to data analysis, with customers being able to ask the system a question, with an answer pulled from multiple data sources, saving valuable time.