Successes

Put the power of your data and expert insights to work

Hudson Analytix – HACyberLogix

Summary

Hudson Analytix is an international marine consultancy guiding the world’s leading maritime companies. Their comprehensive services, global knowledge and depth of expertise enable them to help their clients meet their regulatory, commercial and operational needs efficiently, effectively and profitably.

Hudson’s HACyberLogix is an interactive self-assessment system that uses iDMX software to improve cyber-security performance in the global maritime transportation sector. Capturing the deep expertise of Hudson Analytix consulting staff in an intuitive application securely accessible around the globe, iDMX technology allows Hudson to overcome obstacles such as travel, time zone differences, and distributed responsibilities among client staff; and helps them deliver better service at lower cost to their clients and to maintain more continuous engagement with client managers on a topic of critical importance.

Issue

The global maritime transportation industry faces cyber-security risks and threats with potentially catastrophic consequence. As best practices emerge, Hudson Analytix has set out to drive awareness and improve cyber-security capacity at all levels of the industry. Given the far-flung nature of the industry, obstacles like time and distance and constrained client budgets, Hudson explored its options for digitizing the consulting process. A custom software development effort would have been prohibitively expensive and other approaches like spreadsheets or surveys fell short of the mark in terms of engagement and interactivity.

Solution

Hudson Analytix staff recognized the potential for iDMX to transform their consulting process. By collecting information through a sophisticated, interactive questionnaire and providing users detailed guidance on interpreting industry-specific language, iDMX dramatically speeds up the discovery process while standardizing and improving the quality of the data. The software reacts to this data by delivering guidance to users using its visualization and reporting capabilities to identify gaps and recommend mitigation actions.

Results

Digitizing the cyber-security capability maturity assessment with iDMX enables Hudson Analytix to change the way the global maritime transportation industry becomes aware of and addresses cyber-security risks and threats:

  • Dramatically cuts the staff time required to perform assessments, freeing up resources to actually address (not just identify) performance gaps
  • Allows recurring assessments to track progress over time
  • Enables collaboration among geographically distributed users
  • Performs assessments more efficiently and accurately by compiling standardized, complete data

HACyberLogix won Lloyd’s List Americas 2017 Digital Innovation Award

Distributed Sun LLC – be Edison

Summary

Distributed Sun (D-Sun) is a leading developer of Commercial & Industrial (C&I) solar projects and partners with other project developers, investors, and EPC (Engineering, Procurement, and Construction) contractors to assess and finance solar projects that are construction-ready, co-develop early-stage projects, or acquire qualified projects. In addition, it is driving the formation of truSolar® (www.trusolar.org), an industry-standard methodology for categorizing and quantifying performance and risk measures for C&I solar projects.

D-Sun used NTELX’s iDMX software to build beEdison®, a platform for enabling truSolar. Offering an easily adopted system for analyzing and mitigating risk factors across the C&I solar project lifecycle, beEdison transforms the process of taking solar projects through development and diligence, and accelerates the rate at which PV solar is adopted in the US.

Issue

The market to develop C&I solar power is fragmented, characterized by a lack of standards for data and documentation and poorly defined business processes. Inconsistent understanding of regulatory, technological, operational, and financial risks drives up transactional costs and impedes the ability to bring projects into operation. Working with the truSolar consortium, D-Sun has advanced a patent-pending standardized risk-scoring methodology for C&I solar projects and has conceptualized an approach to facilitate the project development process. Distributed Sun turned to NTELX and iDMX to transform operationalize truSolar with beEdison, an easy-to-use, market-ready solution for its clients, partners, and the industry at large.

Solution

beEdison’s risk analysis and mitigation guidance enables C&I solar project developers and investors to quickly and systematically assess, and in many cases address, project risks. Distributed Sun and other developers can collect and present project information, including standardized documentation, in a shared platform and allows other developers and investors to access project information to accelerate the diligence process.

Incorporating a range of decision support and process management capabilities, the beEdison platform showcases a range capabilities, including survey and questionnaire-based data capture, business rules, expert guidance, analytics, reporting, and dashboards.

Results

By standardizing the process, streamlining due diligence, increasing transparency, reducing transaction costs, and moderating risks, beEdison will dramatically increase the number of C&I solar projects coming on line. These improvements could reduce “soft-costs” of C&I solar projects from an estimated $1.76 per watt to the $1.25 per watt level seen in more efficient segments of the industry. With the lower cost burden, not only will many more projects become viable, but as they do, scale improvements will drive down other costs. beEdison has the potential to be an energy sector game-changer.

In 2015, beEdision won a Finance for Resilience (FiRe) award at Bloomberg New Energy Finance’s summit.

US Food and Drug Administration – PREDICT

Summary

The U.S. Food & Drug Administration (FDA) is responsible for protecting the public health by assuring that foods are safe, wholesome, sanitary and properly labeled, and that human and veterinary drugs and vaccines are safe and effective. The FDA used NTELX’s DMX software to develop PREDICT, a system that enables the FDA to perform data-driven assessment of risk factors in foods, medicines and other FDA-regulated products imported to the United States. PREDICT automates analysis and scoring of these shipments for likelihood of compliance violations and public health risk. Leveraging sophisticated predictive analytics and business rules based on staff expertise and regulations, PREDICT screens entry information received electronically from US Customs and Border Protection (CBP) and returns near real-time guidance to CBP systems.

Issue

The US Food and Drug Administration regulates most food and medical products imported into the US. FDA Compliance Officers who review and inspect these products are on the front lines of the agency’s efforts to ensure that products are safe and comply with regulations before entering our markets. With the increasing volume– the number of imported items has more than doubled in the last decade– and complexity of international supply chains, focusing limited staff resources on likely risks and enabling them with actionable information has become imperative.

Solution

PREDICT depends on DMX to aggregate and analyze an enormous amount of data in identifying risk factors in every imported item, including scientists’ understanding of intrinsic risks, empirical experience with the products and businesses involved, and the potential impacts of natural disasters and disease outbreaks.

The majority of import transactions are processed automatically. Those requiring additional review are presented to FDA Compliance Officers along with DMX’s detailed risk assessment. FDA staff make faster, more accurate risk-based determinations to clear, inspect, sample, or reject products. Not only do products likely to comply with FDA regulations and be used safely make it to the market with less delay, but FDA is also able to to focus resources better achieve better public safety outcomes.

Results

By improving the targeting of risky imports and increasing the rate of automated, straight-through processing, with PREDICT, DMX has enabled FDA to keep up with the enormous growth in the volume and complexity of imports, as well as to improve the effectiveness of its surveillance and enforcement efforts.

Built around DMX, PREDICT has allowed FDA to achieve the following:

  • Scale import screening from 16 million imports in 2008 to well over 40 million imports a year today with no material change in staffing
  • Increase the detection of risky imports by 33%
  • Reduce the number of shipments requiring manual review by two-thirds
  • Conduct exams more efficiently and accurately by compiling and presenting extensive background data on each item
  • Increase the confidence of entry reviewers in the thoroughness and accuracy of their work

The PREDICT project team, including NTELX, won the FDA Honors Award in 2010 for its work in implementing PREDICT.