Poor Data Quality Costs US$300,000 Per Vessel, Says Experts

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  • Vessel operators need to focus on collating the right data and use a cloud-based storage facility to generate further cost savings.
  • Improving the quality of primary data leads to better informed decisions to optimise operations further.
  • Data quality can be pre-conditioned for compliance, planning and optimisation.

According to Hoppe Marine, approximately US$300,000 is annually being utilized for various ship operations due to low quality data that affects the fundamentals of decision making, says an article published in Riviera Maritime Media.

Attention on collating the right data 

Hoppe Marine is a German company with proficient engineers that work together in developing the maritime industry.

Lothar Beinke, the general manager, Hoppe Marine, advised that ship operators need to pay attention on collating the right data and primarily use a cloud based storage facility for effective cost savings. Once the quality of data is improved operations run steadily with the enhancement of well informed decisions.

Problems due to low quality data

Hoppe Marine has accounted for an approximation of US$300,000 annually being utilized for various ship operations due to low quality data that affects the fundamentals of decision making.

The research and development team manager , Klas Reimer pointed out that the percentage of cost savings will not change as desired through optimisation algorithms or new coatings if the main parameters are faulty.

Solving the primary problem

Hoppe has come to the rescue by developing two cloud based solutions on the basis of an independent data platform. 

This development has made it possible for all shipowners to access ship data easily.

The provided facilities can be utilized to access information for well informed decisions leading to improved safety, compliance, planning and optimisation.

Continuing the legacy

For 70 years Hoppe Marine has been engineering in the fields of power management, tank content and draught measurement systems to deliver good quality data to ship owners and managers.

The company is aware that the importance of overall access to trusted data is extremely important for qualified decision making.

Benefits of the provided service

The company is offering Hoppe data butler in an unlimited cloud storage facility with easy access. With encrypted ship-to-shore data transfer, 24/7 mobile access and remote service updates it is able to meet customer-specific requirements.

The new service Hoppe data inspector, analyzes  the gathered data, crosschecks the connected systems for enabling the operations and provides free access to validated data for managers. 

Pre-conditioned data quality can be utilized for concurrence, strategizing and optimization.

The future of the maritime industry is bright and forever developing with further new advancements made each year.

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Source: Riviera Maritime Media