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Supply Chain Management March 25, 2019

Navis Launches 'Navis Smart' to Deliver Smart Application Technology

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world's leading organizations across the shipping supply chain, today unveiled at Navis World 2019 its new offering, 'Navis Smart,' providing new ways for container terminals and carriers alike to capture and process the abundance of available industry data to optimize planning, visibility and asset utilization. Navis Smart is a layer of technology that will enable and connect Navis solutions, applications and data from the ocean carrier and terminal side of the portfolio. Capturing and standardizing data for its customers will provide a foundation to apply machine learning to Navis applications, making the software smarter over time.

The Navis portfolio of terminal and carrier software solutions have collected and aggregated vast amounts of key ecosystem data for many years and there is a mounting desire amongst customers to access that untapped data to unlock additional value within their operations. The introduction of Navis Smart provides the shipping industry with the step change necessary to unleash the next wave of application intelligence - enabling insights from connected solutions and leveraging learning or cognitive computing, while simultaneously bringing down the total cost of ownership of assets.

"The industry has had many waves of innovation driven by standardization of the container up to the most recent automation and electrification of container handling machinery," said Younus Aftab, Chief Product Officer at Navis. "In today's digital economy, where data is more valuable than ever, we see smart applications leveraging data across multiple existing systems. The emergence of these smart applications will revolutionize the way terminals and carriers manage their operations. Smart applications that utilize this untapped data will drive the next wave of innovation and new opportunities for progressive improvements in asset utilization and operational performance. We're excited to bring Navis Smart to market as we continue to provide our clients with solutions that continuously learn and improve to meet their daily needs."

The Navis Smart solution enables applications to be developed and deployed without the need for upgrades so operational teams can get the benefits of new functionality faster. These benefits include faster and more nimble deployment of applications to multiple sites, greater real time visibility from various segments of the operation and an opportunity to lay the foundation for the next wave of machine learning innovation in the ocean supply chain.

At Navis World 2019, the company will present two of the first applications built with Navis Smart technology, including:

Compass - the first step to consolidate many different planning phases into a more concise and intelligent planning process. "Compass provides an end-to-end view of the vessel planning process, standardizing the execution for vessel visits and matching performance against KPIs," said Patrick Brehmer, Senior Product Manager, NavisLabs. "It will help terminal teams, EDI clerks, vessel planners, planning managers and operations managers be on the same page and avoid costly errors." Compass is one of the first in a series of applications deployable on-premise or in the cloud and represents one of the first Navis Smart services bringing improved visibility and workflow to a traditionally siloed set of processes.
N4 Ops Monitoring - provides real-time business intelligence for operations monitoring. "To make critical decisions in real-time, operations managers need visibility into operational events as they happen to make decisions and take action on the spot, to handle exceptions and to improve productivity while saving time and cost," said Manoj Bhardwaj, Director of BI Solutions, Navis.
To learn more, visit www.navis.com.

About Navis, LLC

Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world's leading terminal operators and ocean carriers. Navis combines industry best practices with innovative technology and world-class services to enable our customers to maximize performance and reduce risk. Whether tracking cargo through a port, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis provides a holistic approach to operational optimization, providing customers with improved visibility, velocity and measurable business results. www.navis.com

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load handling solutions with the goal of becoming the leader in intelligent cargo handling. Cargotec's sales in 2016 totaled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com

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