Risk probability assessment for cargo shipment operations and methods of use thereof

This invention describes a computer system designed to assess and manage risks in cargo shipping. It gathers various types of data, including real-time, predicted, and future information, and applies specific rules to calculate a risk score for different shipping companies. The system then builds a changing model for each company, adjusts risk limits as needed, and uses machine learning to test different situations to find the best risk level.

Why it matters: Since 2022, the capabilities of AI and machine learning for real-time data aggregation, predictive analytics, and scenario simulation have advanced significantly. This makes the complex data processing and dynamic risk assessment described in the claims more efficient and accessible to implement.

Status: Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build: SpecializedSoftware logic, machine learning, data integration

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