ROLE OF BIG DATA IN THE SHIPPING INDUSTRY

ROLE OF BIG DATA IN THE SHIPPING INDUSTRY

ROLE OF BIG DATA IN THE SHIPPING INDUSTRY

WHAT IS BIG DATA?
Big data is a term that refers to a vast amount of data stored in either a structured or unstructured form. The vast size of this cloud-based information makes it nearly impossible to store and process this data through traditional database and software techniques.
When it comes to handling big data, advanced data-processing techniques and tools are needed so as to effectively analyze and utilize this data. Nowadays, many industries are using big data analytics to elevate better quality decision-making processes.

RECENTLY, THE SHIPPING INDUSTRY HAS STARTED UTILIZING BIG DATA.
There are some major uses of big data inside the shipping and logistics industry. By the use of big data, the shipping industry has grown even more strongly over the past few years. This data is used for managing the ship’s sensors, and for predictive study, which is necessary to avoid delays and increase the industry’s overall operational efficiency. In the shipping industry, properly tracking cargo is very important for maintaining the necessary security and privacy of cargo and goods.
Through the data obtained by properly tracking shipments over the course of a few years, information such as the reasons for losses of ships at sea, losses of containers inside or outside of terminals or warehouses, and other troubles related to shipments (e.g. reasons for damaged cargo) can be obtained. This big data for the shipping industry can be used for future decision-making to predict and avoid expensive problems, and to create more reliable cargo delivery options.

BIG DATA ANALYSIS ALSO PLAYS AN SIGNIFICANT ROLE IN VESSEL OPERATIONS.
Terminal operators and agents can track vessels and make proper or even instant decisions about the allocation of berth and terminal. These immediate decisions can be very important for day-to-day vessel operations. They can be made by simply using information gathered through GPS devices, sensors, or control panels.

IN THE FUTURE, THE USAGE OF BIG DATA IS EXPECTED TO INCREASE CONSIDERABLY WITHIN THE SHIP-BUILDING INDUSTRY.
The consensus is that big data can play an important role in the designing of ships. This will mostly be possible by analyzing information gathered through the sensors of previously-used vessels. The data collected and analyzed throughout a vessel’s lifetime will be profitable for future improvement of ship designs. By analyzing previously collected data sets can help in testing a ship’s proposed design without physically developing it. That’s a very big advantage for the ship-building industry.
As we move toward a more globalized economy, the need for transportation of goods and associated logistic support will continue to grow exponentially. Over time, this growth will increase the need to maximize time and cost-efficiency, in order to have the most-profitable shipping processes. By using these advanced data-processing techniques, the shipping of goods will become more efficient. Improved shipping services will result in increasing global international trade.