Vessels produce technical, commercial, and operational data, including information from sensors and automation systems on board, current and future vessel location data, and fuel consumption. However, the sheer volume of data can be overwhelming, especially as much of it is disparate and unstructured. Additionally, there is no standard way to exchange, interpret information, or effectively speak a common language within the maritime industry.
Developing a normalized language is necessary to maximize data usage within the maritime industry. This standardization will drive increased openness and transparency on both sides of a contract. The strategic sharing of information presents an opportunity to tap into new knowledge. This knowledge will help organizations to enhance their unique competitive edge and make better-informed decisions on pressing issues. Furthermore, data standardization enables organizations to harness data into meaningful insights that can drive sustainability, meet regulations, and reduce emissions.
There are endless opportunities for data use within the maritime industry. Data can help improve sustainability and safety, drive efficiencies, and enhance supply chain transparency if managed and applied correctly. However, tapping into these benefits will require industry-wide participation and collaboration to create the necessary data protocols and standards. This will accelerate the pace of change, improve communication and drive operational efficiencies.
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