OOCL And Microsoft Embrace AI In Digital Transformation
Microsoft Research Asia (MSRA), Microsoft’s world-class research arm, and Orient Overseas Container Line Limited (OOCL) announced their partnership in applying Artificial Intelligence (AI) research to improve network operations and achieve efficiencies within the shipping industry. The collaboration is expected to nurture over 200 AI developers over the next 12 months.
“Microsoft has been committed in providing cutting-edge AI solutions for companies across different industries to help drive digital transformation. With our Intelligent Cloud and Intelligent Edge vision, we are partnering with selected top customers worldwide to accelerate the adoption of AI innovations into products and solutions that can be applied in real business contexts. The partnership between MSRA and OOCL demonstrates our strong progress in revolutionizing the shipping industry.” said Cally Chan, General Manager of Microsoft Hong Kong.
Driving Business Performance and Nurturing AI Talent through Partnership
OOCL has always been a pioneer in leveraging technology to make a real business impact and accelerate customer value, in which AI is the key in their digital transformation vision. The company has a talent base of over 1,000 developers located in San Jose, Hong Kong, Zhuhai, Shanghai and Manila. It has fully embraced a hybrid cloud infrastructure with auto-switching and auto-scaling throughout its businesses and machine learning for several years. For example, OOCL processes and analyzes over 30 million vessel data every month. By leveraging AI technology and machine learning, the company develops predictive analytics on vessel schedules and berth activities.
“With MSRA’s efforts and expertise, we expect to save around USD10 million in operation costs annually by applying the AI research and techniques for optimizing shipping network operations from our most recent 15-week engagement. Moving forward, we will embark on an 18-month joint-partnership in research and development to apply deep learning and reinforcement learning in shipping network operations. Moreover, MSRA will assist us in training over 200 AI engineers by conducting machine learning and deep learning sessions at the Hong Kong Science Park over the next 12 months. We look forward to strengthening our partnership with MSRA to leverage AI research and innovations to drive digital transformation in the shipping industry and to exchange knowledge among our top developers so that we can better address customer needs with advanced technologies and predictive analytics.” said Steve Siu, Chief Information Officer of OOCL.
Engaging with Industries through AI Research and Domain Expertise
MSRA is Microsoft’s fundamental and applied research arm in the Asia Pacific region and the leading research community for core AI technologies including machine learning. It has access to cutting-edge technologies and the best researchers in the world who continue to invent new algorithms and solutions to push the start of the art and to fulfill different customer needs.
“MSRA is devoted to seeking broad and deep engagement opportunities with academic communities and vertical industries, in order to promote collaboration, cultivate innovation, advance education, and turn ideas into reality,” added Dr. Hsiao-Wuen Hon, Corporate Vice President of Microsoft, Chairman of Microsoft’s Asia-Pacific R&D Group, and Managing Director of Microsoft Research Asia. “Microsoft’s AI offering is a combination of technology, business model and user experience. Shipping network operations involve multiple parties and variables that can change at any moment. Embracing AI is a complex business challenge in digital transformation. MSRA’s AI research experts have joined forces with OOCL to optimize its existing shipping operations using deep and reinforcement learning, an R&D area that needs top AI researchers and domain experts for business impact validation.”
Press Release: oocl.com
Shipping News You Would Like:
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Do you have info to share with us ? Suggest a correction
Latest Shipping News You Would Like:
U.S Navy To Decommission Littoral Combat Ships USS Little Rock & USS Detroit After Less Than 10 Years in Service
Firefighter Robot Built For Indian Navy Warships Undergoes Trials On INS Vikrant
U.S Navy To Integrate 3D Printing On Virginia-Class Submarine To Speed Up Construction Process
Cocaine Worth €157 Million Seized From Ship In Ireland’s Biggest Drugs Haul Ever
After India, U.S Raises Concerns Over Chinese Spy Ship’s Visit To Sri Lanka
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.