Amid Escalating Trade War, Hence Unveils Revolutionary AI Advisor for Risk Management in Businesses
Geopolitical risk management is becoming increasingly crucial for businesses in today’s rapidly changing environment, particularly due to President Donald Trump’s trade tariffs. As companies, nonprofits, and legal firms strive to stay ahead, the challenge of navigating constant updates and shifts in policy grows more complex. Matthew Oresman, managing partner at Pillsbury Winthrop Shaw Pittman, highlights this struggle, stating, “We are drowning in trade updates every hour of every day.”
The Rise of AI in Managing Geopolitical Risks
In response to this pressing need, London-based startup Hence AI has introduced a groundbreaking software product known as Hence Global. This innovative tool leverages artificial intelligence to assist organizations in monitoring geopolitical and business risks effectively.
Key Features of Hence Global
- Risk Tracking: Helps businesses of all sizes identify and assess risks.
- Actionable Insights: Provides tailored recommendations for mitigating risks.
- Client Analysis: Enables consulting and law firms to generate informed analyses for their clients.
Sean West, CEO and co-founder of Hence AI, describes Hence Global as “an AI-powered business advisor that’s riding alongside you.” With an annual subscription starting at just $1,500, this tool is designed to democratize access to critical information, making it affordable for startups and NGOs that typically can’t afford extensive consulting services.
Importance of Accessible Geopolitical Insights
West emphasizes the disparity in access to expert advice, stating, “Big companies know how to buy expensive advice, and the richest people will always talk to the smartest people.” Hence Global aims to bridge this gap by providing technology-driven solutions to organizations that require timely updates about their operational environment.
How Hence Global Works
Built on Palantir’s Foundry and AI platforms, Hence Global aggregates data from various sources, including:
- News headlines
- Wikipedia entries
- SEC filings
- Press releases
- Public data such as sanctions lists
By analyzing this information, the platform provides users with daily briefings tailored to their specific needs. For instance, a cross-border cryptocurrency company could receive updates on how Trump’s trade policies have influenced market volatility.
The Competitive Edge for Businesses
Oresman reflects on the tool’s efficiency, noting that Hence Global can produce insights in minutes that would typically take a mid-level analyst an entire day to compile. This capability is particularly valuable for companies seeking to understand their geopolitical and business risks more comprehensively.
Real-World Applications of Hence Global
Since its launch, Hence Global has seen interest from various sectors. Rohitesh Dhawan, CEO of the International Council on Metals and Mining, utilizes the tool to gauge market sentiment and policy developments. He explains, “Things are just moving so quickly in the world in general, and Hence helps us stay connected to what people care about.”
Dhawan likens Hence Global to a necessary innovation, stating, “This was the kind of always-on monitoring that we just weren’t doing before.” Companies in resource-driven industries and those that are heavily regulated stand to benefit significantly from these insights.
Future Prospects for Hence AI
Hence Global is the second offering from Hence AI, which previously launched Hence Legal, a solution for managing outside counsel and litigation. With $5.2 million raised so far, the company is actively seeking further investment to expand its innovative products.
When considering potential acquisition offers, West expresses a desire to maintain independence, focusing on serving a global market that lacks access to essential advisory services. “We’re trying to do big things,” he concludes, emphasizing the unique opportunity to address the needs of organizations that require expert guidance without the excessive costs typically associated with traditional consulting.
For more information about geopolitical risk management, visit our geopolitical risk management page or explore our insights on artificial intelligence in business.
