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Maritime Risk Rating

Unlocking digital transformation strategy for a leading risk rating company in the maritime industry.

Challenges

Our client is a leading risk rating company for shipping vessels based out of Melbourne, Australia. They provide value to customers by attributing accurate risk ratings to available cargo transports. Founded in 2001, the business aims to offer logistics organizations a means of understanding and measuring the risk involved in sea transportation. They have a particular focus on raising safety standards within the industry.

Quality assurance Using cloud services Real-time data warehouse Real-time reporting
  • Faster assessment of accurate risk ratings for ships and barges.
  • Developing and improving the business’s existing vetting application.
  • Integrating third-party services and revolutionizing its approach to data warehousing.
  • Effective data management solution with accurate and reliable data.

Our Solution

Our partnership with the company started in 2015. They engaged ValueLabs based on our ability to elevate their data architecture. The digital infrastructure would allow accurate risk ratings to be attributed to ships and barges as quickly as possible. This involved developing and improving the business’s existing vetting application, integrating third-party services, and revolutionizing its approach to data warehousing.

  • Built and implemented a real-time rating system that predicts shipping risk in seconds rather than hours
  • Automated end-to-end Web API and web applications testing
  • Auto-scalability and 95% reduction in batch processing time, ensuring all vessel data is accurate and up-to-date

Results & Impact

Real-time rating system

Built and implemented a system that predicts shipping risk in seconds rather than hours

80% Reduction in the system load

By implementing API-based custom rules

95% Reduction in the duration of

Batch processing by drastically improving the accuracy of the information available

Key Details

Geo Location

Australia

Technologies
Snowflake Data Warehouse, Tableau, AWS Cloud
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