Innovative Software Solution for Navigating Geopolitical Risks
In today’s business landscape, companies are increasingly confronted with geopolitical uncertainties, particularly in light of tariffs and trade policies. The unpredictable nature of such factors, especially under the leadership of former President Donald Trump, has placed immense pressure on organizations to stay informed and agile.
The Challenge of Keeping Pace with Rapid Changes
Organizations—ranging from multinational corporations to small nonprofits—are bombarded with a constant stream of trade updates. “We are drowning in trade updates every hour of every day,” noted Matthew Oresman, managing partner of Pillsbury Winthrop Shaw Pittman, a global law firm.
To address these challenges, Hence AI, a London-based startup, has introduced Hence Global, a sophisticated software tool designed specifically to monitor geopolitical and business risks.
Understanding Hence Global
Hence Global serves a dual purpose for its users:
- Risk Tracking: It allows organizations of various sizes to identify and monitor risks effectively.
- Actionable Insights: It provides guidance on actions that can mitigate these risks, enhancing strategic decision-making.
This AI-powered tool is particularly beneficial for service providers, such as law firms and consultancies, enabling them to generate insightful analyses tailored to their client needs.
Accessible Advisory for All
Sean West, CEO and co-founder of Hence AI, emphasized the affordability of Hence Global, priced at $1,500 per year for its basic package. This cost is significantly lower than traditional consulting fees, making critical insights accessible to startups and nonprofits alike. “We want to democratize access to this information,” West stated.
He further elaborated that while large organizations can afford expensive expert advice, the majority of businesses can benefit from technological solutions that provide essential information at a lower price point.
Technology Behind Hence Global
Built on Palantir’s Foundry and Artificial Intelligence Platform, Hence Global utilizes various AI models to process and analyze data relevant to the user’s industry. The system aggregates information from multiple sources, including news headlines, SEC filings, Wikipedia, and public databases.
Real-Time Insights for Decision-Makers
To demonstrate how Hence Global functions, West conducted a demo by creating a persona for a fictional cryptocurrency company. The system continuously analyzes geopolitical factors and generates daily updates tailored to specific interests. For example, it highlighted how trade tensions under Trump influenced market volatility and cryptocurrency performance.
As West explained, “Basically, it does the work that a mid-level analyst would have done in my organization,” generating insights in a fraction of the time.
Adoption and Client Impact
Since its launch, Hence Global has attracted various clients including TravelPerk and Diversifi Capital. Rohitesh Dhawan, CEO of the International Council on Metals and Mining, shared his experience, stating that using Hence Global allows his company to remain well-informed about market sentiment and policy shifts, vital for responsible mining practices.
Dhawan compared Hence Global to Uber Eats, an unexpected yet transformative tool that simplifies complex tasks. He noted that industries heavily influenced by public perception, like agriculture or technology, could particularly benefit from this innovative solution.
Future Directions for Hence AI
Hence AI is expanding its offerings beyond Hence Global, having previously launched Hence Legal, a platform for managing outside counsel and litigation. The company has raised approximately $5.2 million and seeks further investments aligned with its vision of making critical advisory services more accessible.
When asked about acquisition possibilities, West affirmed the company’s aim to maintain independence and continue serving a global audience that often lacks access to expert advice.
Conclusion
As businesses navigate an increasingly unpredictable geopolitical landscape, tools like Hence Global present a valuable resource for real-time information and analysis. By harnessing the power of AI, these solutions empower companies to act strategically in the face of uncertainty, ultimately helping to safeguard their interests in a rapidly changing world.
