Use of Big Data in the Maritime Industry Report - 21 Pages

Add to MyNauticExpo favorites
Use of Big Data in the Maritime Industry Report

Catalog excerpts

Use of big data in the maritime industry This research report was commissioned by Trelleborg Marine Systems and supported by Port Technology

 Open the catalog to page 1

Chapters FOREWORD by Richard Hepworth 3 PRESIDENT, TRELLEBORG’S MARINE SYSTEMS OPERATION THE PTI INSIGHT A WORD FROM PORT TECHNOLOGY INTERNATIONAL SECTION 1: 5 BIG DATA IN THE MARITIME INDUSTRY TODAY OVERVIEW KEY STATISTICS AND LEADING OPINIONS CURRENT AND POTENTIAL APPLICATION AREAS CURRENT APPLICATIONS IN MARITIME APPLICATIONS IN PORTS & TERMINALS SECTION 2: 13 THE FUTURE OF BIG DATA IN THE MARITIME INDUSTRY KEY TRENDS AND INITIATIVES KEY CHALLENGES THE OUTLOOK REFERENCES 20

 Open the catalog to page 2

Big data has the potential to transform our industry. Through application and insights, big data is creating new opportunities to drive innovation and deliver tangible operational efficiencies across the shipping world. But information alone is not enough. It is the analysis of this data and the actionable insights it provides that will move our industry forward and determine our future. This is a time of huge change for our industry. The advancement of automation, and the exponential rise in data it brings, mean disruption on a scale that ‘shipping’ has never seen before. So much so, in...

 Open the catalog to page 3

iona Port Technology International (PTI), The Journal of Ports and Terminals and an online news hub covers the port and terminal industry in unrivalled detail. The journal features exclusive technical papers from academics, port executives and industry specialists which seek to create discussion and disseminate solutions for the most pressing and pertinent problems in ports around the globe. The online news hub features a wide-range of content; breaking news, interviews, analysis and multimedia content. THE PTI INSIGHT What is big data? There’s a tinge of the unfathomable about it in the...

 Open the catalog to page 4

Section 1: Big data in the maritime industry today

 Open the catalog to page 5

Big data is the name given to the large volume of data - both structured and unstructured - that is generated in our personal and professional lives. It can be defined by its variety, and the velocity and volume with which it is generated. The analysis of this big data is extremely useful as it allows businesses to uncover hidden patterns, unknown correlations, ambiguities, market trends and other useful information. SLOWER ADOPTION IN THE MARITIME INDUSTRY Even though big data has significantly benefitted industries such as finance, media, telecom and healthcare, its uptake by the maritime...

 Open the catalog to page 6

tics ingopinions INDUSTRY LEADERS ARE RECOGNIZING THE BENEFITS OFFERED BY BIG DATA In a Bain & Co. survey of more than 400 executives from companies with revenues of more than USD1bn, companies that leverage analytics are twice as likely to be in the top quartile of financial performance within their industries and five times more likely to make faster decisions According to Dr Argyris Stasinakis, a partner at MarineTraffic, big data was a recurring theme at several global maritime-related events in 2016, on the back of concerted efforts towards achieving efficiency by shipping industry...

 Open the catalog to page 7

ion areasThe following table provides a snapshot of application areas for big data in the maritime industry: ROLE Source: sapient.com / mlit.go.jp

 Open the catalog to page 8

Current applications in maritime The following are some key application areas for big data in the maritime industry: AREA A key function of charterers is to find the right ship for cargo at the most economical price. The task is highly dependent on information provided to them by known brokers and ship owners. However, as this information is limited, it may or may not be most efficient. Big data analytics can provide charters with readily available, accurate and actionable information to improve decision-making. Charters can integrate Automatic Identification System (AIS) information,...

 Open the catalog to page 9

Current applications in maritime AREA Voyage operations Terminal operators, voyage managers or port agents need estimated time of arrival (ETA) and cargo information. Vessels can be tracked using dashboards instead of relying on notes, emails or phone calls. This helps in making more effective decisions about terminal and berth allocation, cargo handling and route tracking. Dashboards can also provide information about any deviations from optimum performance. The ideal route, the weather service-provided route and the actual route can be tracked in real-time. Any changes to speed, ETA and...

 Open the catalog to page 10

The following are examples of big data technology implementation in ports: PORT NAME / PORT AUTHORITY PURPOSE / BENEFIT Ports in Singapore and Malaysia Maritime and Port Authority, Singapore In Singapore and Malaysia, ports utilize big data techniques to create advanced inspection systems to assess the history and cargo type of importers. In August 2015, Singapore’s Maritime and Port Authority (MPA) signed a Memorandum of Understanding (MOU) with IBM to establish a two-year agreement for big data. The agreement involved developing a platform using IBM’s Traffic Prediction tool to forecast...

 Open the catalog to page 11

Source: web.dpworld.com / joc.com / ibm.com / opengovasia.com / bigdata-alliance.org

 Open the catalog to page 12

Section 2: The future of big data in the maritime industry

 Open the catalog to page 13

TREND    DESCRIPTION    RELEVANT EXAMPLES AND INITIATIVES To implement big data analytics, shipbuilders and shipping companies have been entering into partnerships with leading technology suppliers and universities. Increase in partnerships to develop technology capabilities In July 2016, Hyundai Heavy Industries (HHI), the world’s largest ship builder, signed a Memorandum of Understanding (MoU) with SK Shipping, Intel, Microsoft, the Ulsan Center for Creative Economy & Innovation and the Daejeon Center for Creative Economy & Innovation. Under the MoU, the parties will create software to...

 Open the catalog to page 14

All Trelleborg Marine and Infrastructure catalogs and brochures

  1. Surface Buoyancy

    24 Pages

  2. Fender Systems

    88 Pages

  3. LNG Infographic

    8 Pages

  4. Bollards

    24 Pages

  5. Floating Fenders

    48 Pages

  6. Prelude LNG

    1 Pages

  7. Hawser Hooks

    6 Pages

  8. Guide - Fenders

    8 Pages

  9. Capstans

    4 Pages

  10. Accessories

    10 Pages

  11. Harbour Marine

    12 Pages