The maritime industry generates 100-120 million data points daily, including information gathered from ports and vessels. Most of it is lost to the ocean waves instead of being captured and put to use. As the cost of capturing and processing data continues to fall, using it to drive more business decisions becomes increasingly viable. The data produced by the world’s shipping fleet can be used to improve both operational and commercial outcomes for the maritime industry.
Data analysis can be used to improve safety by predicting seafarer behavior, making it easier to stop dangerous situations developing. Vessel and port equipment performance can also be analyzed, predicted, and continuously optimized with the right data too. Freight rates, commodity prices, and even trade flows can also be analyzed and predicted in real-time with the right data.
Big data means big data analytics. Its role is to identify efficiencies within the industry, aiming to enhance performance and improve organizational outcomes, providing in the meantime advantages to ship owners and ship charterers.
Maritime data analytics and business intelligence are essential to maximizing the impact of every commercial decision. By delivering real-time maritime analytics in context via intuitive reports and dashboards, empowers key maritime stakeholders to systematically assess performance, decision impact, and risk exposure at today’s pace of business.
Using data and digitalization to make assets and shipping operations more efficient is the challenge that IoT undertakes for the years to come. Nowadays IoT sensors are integrated into almost everything in the shipping era, which means they collect everything. By using data and digitalization, IoT aims to make assets and shipping operations more efficient.
By leveraging IoT solutions maritime industry will succeed to manage & deploy the kind of information it has, understand workflows, have better resource management, obtain operational excellence with the insights gained from the data in almost any way imaginable.
Speakers at this session will analyze and evaluate how Connectivity, Big Data and IoT is a path towards better efficiency, as well as how will make the workplaces more “efficient comfortable”.