Ocean monitoring company OCN.ai and AI consulting and data engineering company RTS Labs have partnered to quantify the ocean’s value to the blue economy and the world through interpreting marine data, identifying nature-based assets and monitoring ocean health to protect critical economies and ecosystems. The companies aim to help nations and enterprises develop sustainable ocean-based economies and technology while providing researchers with crucial information about ocean environments.
Using artificial intelligence (AI) and the science from peer-reviewed publications, OCN.ai monitors billions of data points, visualizing and translating it into a cohesive picture of ocean health and the financial value of these ocean assets. The company said these interactive data sets enable users to understand the true value and economic potential of preserving natural resources, encouraging the creation of marine sanctuaries and unique industries within them.
“Our philosophy is to put nature on the balance sheet,” said Jeremy McKane, CEO of OCN.ai. “We want to understand what the ocean does for us and the benefits we reap from the ecosystems we rely on. Using AI and these data points, we can see patterns on a macro scale. We can also determine the best places for new marine projects, ranging from artificial reefs to offshore wind developments to carbon sequestration.”
OCN.ai has worked closely with RTS Labs to develop strategies and solutions to pain points, as well as to hone BlueSense, OCN.ai’s data analysis tool. RTS Labs experts have helped design a number of programs, shaping the deployment of AI, developing sophisticated data analysis and promoting growth.
“At RTS Labs, we’ve worked with a variety of enterprises on implementing AI and developing transformative applications of these technologies. OCN.ai sees the big picture and has embraced technology to realize their vision,” said Jyot Singh, CEO of RTS Labs. “We leapt at the chance to work on a project with such profound implications for the future of the ocean. What Jeremy and the team are doing will have a ripple effect, transforming the way we approach the ocean and our coastlines, not to mention economic development in coastal communities.”
By gathering data and presenting trends, OCN.ai enables users to build models to assess climate risk and identify economic opportunities that lead to sustainable growth. The company is working with countries to show how Marine Protected Areas can create economic benefit. Thus, the company hopes, inspiring the creation of more marine protected sanctuaries.
“Our vision is to create a data-rich, transparent, and connected ocean that aids global marine conservation and drives a transformative blue economy,” said McKane. “RTS Labs helps us pull the signal from the noise, in this case an immense amount of data from NASA satellites, ocean buoys and other sources. They’re part of the team, and they can scale up or down with our needs. With RTS Labs, you don’t need to hire a mercenary because you get a whole army.”
