Now that VAKT can bring unstructured data into its platform using AI, it is looking to expand the use of the platform, especially in Asia, VAKT’s Sandip Kanago told me recently. “We think it’s a great value proposition,” he told me. “Using AI, we can bring in unstructured data to the platform where it can be securely digitally distributed to multiple other systems and counterparts.” It’s vActuals offering covers global actuals for both quantity, quality, timelog, and documents, and covers the quantity related data in a structured format received at source and distributed over blockchain. The platform gives operators a real-time view of these data attributes across inspectors, terminals and internal logs automatically highlighting any discrepancies, cutting the need for manual input and boosting auditability. Furthermore, it automates the process of entering refinery, surveyor and terminal data by automating the process end-to-end. “The platform allows you to receive structured actuals via API or AI scanning and feed it directly into your ETRM/ERP or reconciliation tools,” he said. “This eliminates delays, errors and workflow from handling external emails.” By using vActuals to automate the reconciliation cycle, users can gain many benefits but also provides the ability to make smarter decisions, he… continue reading