SILOED data systems represent a recipe for needless costs through needless duplication a recent Shipping Insight panel in the US was told, reported New York's Maritime Logistics Professional.
'Data silos are part of a cultural problem in shipping whereby each company has its own data repository, resulting in duplication of data for sharing back and forth,' FuelTrust CEO Jonathan Arneault told the panel in Stamford, Connecticut.
This restrictive approach to data access is symptomatic of a secretive industry mindset to keep data secure and protect confidential or sensitive information due to competitive concerns, he said.
The Bureau Veritas-backed study sponsored by maritime software firm OrbitMI highlighted this as a big barrier to data collaboration for digitisation of shipping.
Vast amounts of data are generated from ship operations - such as from sensors onboard or vessel performance management systems - as well as from within a company organisation.
This is data other companies and stakeholders in the wider industry could harness through advanced AI-driven analytics to enhance decision-making at both the voyage and fleet level to drive efficiencies.
Bureau Veritas (BV) is now seeking to drive an industry shift in this area after forging a recent strategic partnership with OrbitMI.
'By partnering with like-minded individuals and companies, we can significantly accelerate our pace of innovation while working towards a common interest and benefitting from new perspectives,' said Bureau Veritas vice president Laurent Hentges.
SeaNews Turkey
'Data silos are part of a cultural problem in shipping whereby each company has its own data repository, resulting in duplication of data for sharing back and forth,' FuelTrust CEO Jonathan Arneault told the panel in Stamford, Connecticut.
This restrictive approach to data access is symptomatic of a secretive industry mindset to keep data secure and protect confidential or sensitive information due to competitive concerns, he said.
The Bureau Veritas-backed study sponsored by maritime software firm OrbitMI highlighted this as a big barrier to data collaboration for digitisation of shipping.
Vast amounts of data are generated from ship operations - such as from sensors onboard or vessel performance management systems - as well as from within a company organisation.
This is data other companies and stakeholders in the wider industry could harness through advanced AI-driven analytics to enhance decision-making at both the voyage and fleet level to drive efficiencies.
Bureau Veritas (BV) is now seeking to drive an industry shift in this area after forging a recent strategic partnership with OrbitMI.
'By partnering with like-minded individuals and companies, we can significantly accelerate our pace of innovation while working towards a common interest and benefitting from new perspectives,' said Bureau Veritas vice president Laurent Hentges.
SeaNews Turkey