Athens, 24 September, 2024

Athens-based Alassia NewShips Management Inc have joined industry leaders Hafnia, Marfin, C Transport Maritime, Trans Sea Transport and BW Epic Kosan in working with Foundational AI company Complexio.

Foundational AI is creating a transformational leap in how humans interact with their data and tools, from siloed applications to a centralised system that is connected to all areas of a company’s infrastructure.

Complexio has created this AI-driven system after three years of intensive research and development inside market leading enterprises, with unrestricted access to their real-time and historical company data.

In the last two years almost 90 percent of the world’s data has been generated, which has become especially problematic in larger, data-heavy industries who are reliant on many different tools, systems, processes and departments to carry out their business activities, resulting in lost efficiency and productivity.

At the same time, research shows that 90 percent of all employees are routinely completing manual, recurring tasks and spending about 60 percent of their workday doing “work about work”.

Fulfilling these repetitive tasks costs businesses as much as 19 working days per year per employee. “Our people and our reputation are our two most important assets,” says Alassia Newships CEO Basil Sakellis. “We work in a very data and process heavy industry that has historically been slower to take up technologies. Consequently, we are investing a lot of human resources on actioning and sharing vessel data with external partners.”

“We already have an ERP and have a very detailed filing system, as well as satellite communications onboard for real-time communication between the ships and headquarters, but it is not enough. Our employees are still spending too much time on repetitive, data-intense tasks. We had been thinking for some time that there had to be a better way to manage and automate these processes and to make a positive impact on the productivity of our team. We think we have found that with Complexio,” he says.

“Businesses are under incredible amounts of pressure to be efficient, while dealing with the exponential amounts of data and systems,” Complexio CEO Matthew Talbot says. “At the same time, their workers are still stuck spending most of their time on recurring tasks using multiple systems and tools to move this data around. We can alleviate this burden by automating these tasks.”

Alassia NewShips has already begun ingesting and mapping their data into Complexio.

“The data ingestion and initial mapping process takes a couple of months to be completed, depending on the number of systems, volume of data and data sources we need to connect with,” Matthew says. “Once this is completed, we move onto mapping the relationships in the data, highlighting patterns that we can use to understand and automate repetitive tasks. It is an iterative system that continues to learn from new inputs and user interactions, progressively unlocking more and more business value.

“The development of Foundational AI comes at a very opportune time for us in shipping,” Basil says. “A lot of changes are taking place because of environmental concerns and new environmental regulations. As a result, we are managing even more data and repetitive tasks for compliance and reporting. Streamlining and automating our handling of these tasks will allow more time for the team to think productively and creatively in terms of our path towards being a net zero organisation. Complexio will help us free our time to focus on more constructive activities, as opposed to managing those repetitive tasks again and again and again and again.”

For further information please contact:

Basil Sakellis, CEO AlassiaNewShips Management Inc
directors@alassia.eu

Collette Swindells, Complexio Head of Marketing & Communcations
cs@complexio.com

About Alassia NewShips

Alassia NewShips Management Inc is a ship management company founded in 2009. The company offers the full spectrum of ship management services to vessels that transport dry bulk commodities on a worldwide basis.

About Complexio

Complexio is a joint venture between Hafnia, in partnership with Marfin Management, C Transport Maritime, Trans Sea Transport and BW Epic Kosan and Símbolo.

Complexio is defining how principles of Foundational AI are understood and realised in real world business applications. They work with real, live data from their partners’ existing systems to continually inform R&D that’s tailored to each business. By ingesting and mapping this whole company data they enable automation and improved decision-making across the entire organisation.