Microsoft Research Asia MSRA is in collaborator with Orient Overseas Container Line Limited OOCL to make use of artificial intelligence AI inside the shipping business.
OOCL aspire to optimize its shipping set of connections operations, with the help of deep learning research. The joint venture will see both corporations jointly carry out, delve in and development in the next 18 months, for referring to deep learning and reinforcement knowledge to its operations. Through a 15 month prior engagement with MSRA, OOCL estimates savings around US10 million dollars in operating costs annually.
They look onward to strengthening their trade with MSRA to influence AI research and innovations to take digital conversion in the shipping industry and to exchange information among our top developers so that we can better concentrate on customer needs with highly developed technologies and prognostic analytics.
The joint venture will also contribute to training over 200 AI developers in Hong Kong. MSRA will be conducting machine learning and deep learning sessions over the next 12 months at the Hong Kong Science Park.
Recently, OOCL has been at focal point on its digital revolution. Having adopted a cross cloud communications, OOCL relies on auto switching and auto scaling crossways its businesses for the last few years. It will continue building and developing its AI and machine learning capabilities to increase efficiency in the shipping industry.
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, explained Dr. Hsiao When Hon, Corporate Vice President of Microsoft, Chairman of Microsoft s Asia Pacific R&D Group, and Managing Director of Microsoft Research Asia.
Shipping network operation engage manifold parties and variables that can alter at any moment. Embracing AI is a complex business confront in digital transformation. MSRA s AI research experts have joined forces with OOCL to optimize its existing shipping operations using deep and reinforcement learning.
OOCL is one of the major container shipping firms in the world.
It operates in 70 countries, with a fleet of 59 ships. The firm processes over 30 million vessel data monthly, using predictive analytics to regulate vessel schedules and analyze berth activities. The firm hires more than 1,000 developers situated in San Jose, Hong Kong, Zhuhai, Shanghai, and Manila.