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Development of an Automated Vessel Market Analytics Platform
  1. case
  2. Development of an Automated Vessel Market Analytics Platform

Development of an Automated Vessel Market Analytics Platform

effectivesoft.com
Logistics
Transportation

Challenges Faced by Logistics Companies in Vessel Market Analysis

The client currently relies on manual analysis of the ship market using mathematical models and Excel files. This process is time-consuming, prone to errors, and inefficient, hindering timely decision-making and strategic planning in a competitive maritime logistics environment.

About the Client

A global logistics organization specializing in container shipping with a large international workforce, seeking to automate market analysis processes.

Goals for Developing an Automated Vessel Market Analysis System

  • Automate the analysis of vessel market data to reduce manual effort and errors.
  • Provide comprehensive, real-time insights into market conditions, vessel valuations, and market risks.
  • Enable users to build and compare multiple analysis projects with visual representations such as charts and tables.
  • Create a user-friendly web interface for accessible and intuitive analysis workflows.
  • Integrate mathematical modeling to enhance analytical accuracy and predictive capabilities.
  • Improve the speed of market analysis, leading to quicker decision-making processes.

Core Functional Capabilities for the Vessel Market Analytics Platform

  • Market measures module analyzing market with assessments, indicators, and benchmarks.
  • Vessel valuation module calculating vessel worth over user-defined periods and parameters.
  • Risk & opportunity module evaluating current market conditions and assisting strategic planning.
  • Core data module providing updated information on vessels, transactions, and fixtures.
  • Depreciation tracking with charting tools to analyze vessel depreciation over time.
  • Investment analysis component calculating actual and implied ROI.
  • Project-building subsystem allowing users to create, visualize, and compare multiple analysis projects with customizable charts and dashboards.

Technological Foundations and Architecture Preferences

Backend: .NET framework, Python for mathematical modeling
Frontend: React.js
Data Storage: SQL Server
Containerization and Hosting: Docker, Azure
Mathematical Models Integration: MATLAB

Essential External System Integrations

  • Matlab for complex mathematical models
  • Database systems for core data management
  • Visualization tools for dynamic charts and dashboards

Key Non-Functional System Attributes

  • System should support concurrent multi-user access with high scalability.
  • Ensure data security and compliance for sensitive market and vessel information.
  • Achieve system availability and responsiveness with minimal latency for real-time analysis.
  • Ensure robustness and accuracy of calculations and data representations.

Projected Business Benefits of the Vessel Market Analytics Platform

The implementation of this automated vessel market analysis platform is expected to significantly decrease the time required for market assessments, reduce errors common in manual processes, and enhance decision-making accuracy in vessel investment and trading strategies. These improvements aim to increase market responsiveness, support strategic planning, and potentially elevate the client’s market position in the logistics industry.

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