Successes

Putting best practices into practice with automation

Hudson Analytix – HACyberLogix

Summary

Hudson Analytix wanted to expand their profitable maritime consulting business by helping clients with cybersecurity issues. They used iDMX to create a cloud-based assessment platform called HACyberLogix, which captured the deep expertise of Hudson Analytix consulting staff in an intuitive application securely accessible around the world.

Issue

The global maritime transportation industry faces cybersecurity risks and threats with potentially catastrophic consequences. Hudson Analytix wanted to expand its successful professional services business by helping these companies understand and measure cybersecurity needs. But to be effective, they needed affordable process automation that could handle complicated decision processes. Spreadsheets and surveys weren’t enough, and custom software development didn’t make sense.

Solution

When they saw iDMX, Hudson knew they’d found the answer. In a matter of weeks, they developed and deployed HACyberLogix to help executives evaluate where their business stands on cybersecurity. The interaction automation in iDMX walks users through a complex web of standards and best practices, adjusting automatically to their input. Data collection is faster, better, and more effective, and users receive detailed guidance and recommendations based on Hudson’s expert insights and up-to-date best practices. Easily repeated assessments allow users to track progress, and allow Hudson’s expert analysts to engage clients around long-term continuous improvement efforts.

Results

With iDMX, Hudson Analytix turned decades of experience into an affordable solution for a complex global market. HACyberLogix has quickly become a leading tool for cybersecurity assessments in the maritime shipping industry. Thanks to iDMX, Hudson’s analysts can concentrate on value-added client work, and maintain long-term client engagement on a topic of critical global importance.

HACyberLogix won Lloyd’s List Americas 2017 Digital Innovation Award.

Distributed Sun LLC – be Edison

Summary

Distributed Sun (D-Sun) and its partners in the solar industry had developed an innovative risk assessment methodology for small- to mid-sized commercial and industrial (C&I) solar projects, but they needed to make this complex methodology easy to understand, use, and adopt. Working with NTELX, they developed an award-winning SaaS application called beEdison: an AI risk assessor for a specialized market.

Issue

D-Sun set out to close a strategic gap in the C&I solar market by working with industry partners to develop standardized risk screening. The resulting methodology, truSolar, assesses project risks in three categories using context-dependent factors to create a reliable, standardized risk profile. But to drive truSolar adoption, D-Sun needed to show clients an economical path to implementation, without expensive, repetitive analyst interviews.

Solution

Working with NTELX, D-Sun developed beEdison using the powerful technology behind iDMX. This AI diligence system provides immediate feedback on project benchmarks, risk profiles, and deal viability. Plus, the system can coach developers on ways to improve a project’s risk profile, and enables easily understood data visualizations, role-based access, and simple custom reports. Diligence is dramatically faster, less expensive, and more accurate.

Results

D-Sun’s analysis suggests a 40 percent reduction in transaction costs, and a substantial increase in the number and quality of D-Sun’s solar investments. Plus, beEdison is flexible enough for D-Sun and its partners to expand their services to new markets as opportunities arise. Working with NTELX, D-Sun created a diligence and assessment system that could 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

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. Products that are likely to be FDA-compliant and safe to use make it to the market faster, and the FDA is able to focus resources better and 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 the 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.