US patent for routing forecast tool
Athens & London-based Signal Group's forecasting algorithm "Carrier path prediction based on dynamic input data", has been awarded a US patent.
The software tool is based on artificial-intelligence (AI). The algorithm, which has drawn inspiration from the field of self-driving cars, uses graph theory and allows Signal to achieve reliable predictions in a space of high uncertainty.
Ioannis Martinos, CEO at the Signal Group, expressed his pride that "the Greek tech ecosystem" developed solutions for the maritime industry on a global scale.
Signal offers AI software for maritime transport and its services have been adopted by a growing number of international oil majors and traders, as well as shipping operators and brokers over the last three years. (cd)