According to maritime analytics and AIS company, the increasing demand for data services is an expression of the overall digital transformation of the industry, says an article published in Digital Ship.
Digital transformation
The use of data services in the maritime industry is growing. Maritime analytics and AIS company, GateHouse Maritime says the increase in demand for data services is an expression of the overall digital transformation of the industry.
Increasing use of and demand for satellite communication and data services indicate digitisation, gaining a momentum in the maritime industry.
Maritime satellite market
According to the Trusted Business Insights report:
- the market for maritime satellite communication was valued at $2.64 billion in 2018 and
- is expected to grow with a CAGR of 8.9 per cent from 2019 to 2025.
Satellite communication services
According to Joel Box, sales manager at the GateHouse Maritime, the demand for satellite communication services is partially driven by a growing interest in data, which is critical to the ongoing digital transformation of the maritime industry.
Benefits of right data
Data services provide users with unprecedented analytical capabilities. With the right data, shipping companies can:
- create a comprehensive,
- operational maritime overview,
- manage fuel consumption,
- predict ETAs and
- cut operational costs while ports can use data to assess risks and improve safety in the port area.
AIS data evolution
Originally, AIS was used as a collision avoidance tool. Now, the uses of AIS data have expanded and evolved significantly.
The general digital transformation has raised the demand for data services that provide instant access to the information that AIS data contains a demand we believe will only grow stronger in the future.
Maturing digital maritime industry
According to Mr Box, the increasing demand for data services demonstrates how the digital transformation in the maritime industry is gradually maturing:
Own software systems
- At the beginning of the digital transformation, most shipping companies, ports, and coastal authorities built their own software systems which involved significant costs in terms of developing, managing, and supporting the applications and data repositories.
Advanced solutions
- But as the industry has matured in terms of digital capability, and the solutions have become more advanced, the maritime industry has gradually turned to software and data service solutions that offer more advanced data analytics, and a higher level of flexibility.
System integration
- The next step for many maritime companies is to initiate a wider system integration across the organisations’ software solutions. In this way, the management and distribution of data in a given company’s supply chain can be automated which will significantly increase data efficiency.
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Source: Digital Ship
