How Much Is Big Data Influencing In Maritime Industry?
The rapid innovations in technological landscapes have not left any single domain of our life untouched. The maritime industry is known for adapting the latest technological trends relatively slower than the other ones. Get access to last-minute updated maritime databases with Datalastic, get in the trend!
What is Big Data?
As the term suggests, big data refers to the data that is ‘too large and complex to handle and use with standard methods. Before big data, the data were categorized as traditional and non-traditional data.
The traditional data include warehouses, dockyards, ships, etc., and information about fuel costs, insurance, transit time, etc.
Traditional data is usually fixed and is used to calculate profit and loss. In contrast, non-traditional is variable, like weather, unexpected damages, and repairs.
Big data basically combines these two sources. So, it is a cloud-based database that includes everything, from storing data to analyzing and procuring it; big data covers it all.
How is Big Data and Maritime Industry Interlinked?
The maritime industry is one of the most complex systems of transportation. Nature is most likely affected by nature, which keeps people always on edge, and impromptu action is required to overcome these sudden challenges. Well, it is very difficult to predict the weather changes and what water may do. However, this is where big data comes into play!
Big Data is Influencing In Maritime Industry when ships travel across the seas, they take data from different sources and formats. As a result, this data is then combined and organized on a cloud-based system, and then, this maritime big data is analyzed by big data tools and offers endless opportunities to deal with it.
How is Big Data Benefiting The Maritime Industry?
To dig down deep, here are some amazing benefits of big data tools that are transforming the ways with which the maritime industry used to run:
Aiding the Decision Making Process:
Having access to the correct information at the right time aids the companies’ decision-making process.
It will help them design business strategies that would be more effective, thus improving their overall performance. Since the entire maritime data would be combined on a single platform, doing calculations would be a lot easier.
Accuracy in Predictive Analysis:
Ships are more prone to damages and result in significant losses due to the harsh weather conditions.
Historical data of previous years help predict the weather conditions at a particular time of the year, and damages can be avoided beforehand.
Big Data Influencing In Maritime Industry for a few years has turned out to be a game-changer. From increasing the exposure and safety of vessels to improving the decision-making process so, it is there to help you out in every domain. More is yet to come! Don’t forget to stay tuned for Datalastic updates!.
Many companies aim to reduce human resources on board to increase the load capacity and reduce expenses. As a result, Big data tools help send all the necessary information to the land required for guidance of ship crew through automated tools. Likewise, many other processes can be put on automation through big data technology, resulting in increased efficiency.
The lesser human resources onboard, the more savings can be done. Choosing the right time for sailing the ship makes the journey a lot smoother, leading to reduced fuel costs and fewer damages. Big data technology will result in an instant boost in profits.
Reduced CO2 Emission:
The maritime industry contributes to 3% global emission of CO2 annually. The reduced fuel consumption due to accurate predictive maritime data analytics through big data reduces the CO2 emission markedly thus, making it an eco-friendly data handling tool.
Better Vessel Operations:
Big data gives access to real-time information, i.e., GPS locations of ships, RFID tags, and APIs, which help locate lost ships, or any problem related to shipments. Effective communication, leads to, better networking enhance the safety and security of vessels at sea. The ship crew can be informed timely about the unavailability of harbours and can be relocated to avoid inconveniences. Big data tools result in planning the speed and routes of ships rather accurately.
Better Ship Designs:
When big data tools are combined with AI technology, they can help make ships better to avoid problems caused by physical defects in vessels. This will help in saving a lot of funds and resources.
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