As the shipping industry shifts to cleaner yet more expensive fuels, companies face the challenge of decreasing their carbon footprint while also managing rising operational costs. At the same time, The European Union (EU) and the International Maritime Organisation (IMO) continue to enforce stricter regulations and show no signs of easing these pressures.
To remain competitive and continue operations, companies must quickly adapt to meet the rising demands for lower emissions.
This task, however, is far from simple. The maritime sector is steeped in tradition, both culturally and geographically. Digitalisation is no longer optional but essential and partnering with reliable data sources is the most strategic choice for achieving success.
In our data-driven world, the importance of reliable data cannot be overstated. Yet, according to Harvard Business Review, Forrester, and Experian, data analysts often spend a staggering 30-50% of their time managing poor data quality. An IBM study further underscores this issue, revealing that bad data costs the U.S. economy over $3.1 trillion annually, primarily due to the resources spent cleaning data errors.
The consequences of poor data quality extend far beyond financial losses. Companies dealing with unreliable data face operational inefficiencies, increased costs, safety incidents, non-compliance, and missed opportunities for optimisation.
These challenges not only hinder business performance but also have a lasting negative impact on the environment.
What good is data if it isn’t reliable? This question is particularly relevant in the maritime industry, where ensuring data quality is full of challenges. Harsh operating environments, integration complexities, diverse data sources, large data volumes, and human error during data collection all contribute to the difficulty of maintaining high-quality data.
“Kongsberg Digital understands the complexities of maritime data quality. Our solutions are designed to help maritime organisations operate more sustainably and efficiently by relying on a single source of truth”, says Jan Tore Lamøy, Solution Architect at Kongsberg Digital.
Imagine a fleet of vessels, each seamlessly connected to a cloud platform, streaming data from all sources without interruption. Kongsberg Digital’s Data Quality Dashboard allows you to monitor the data collection state of your fleet, ensuring every vessel is online and every data stream is active. If a vessel loses connectivity or a data stream stops, you receive immediate notifications, allowing for swift corrective action.
“Consistency is key. By contextualising and standardising data, we ensure that values remain consistent across all data sets, providing a reliable foundation for decision-making”, says Lamøy.
This consistency not only enhances operational efficiency but also supports compliance with stringent regulations. Kongsberg Digital’s newest capabilities also include an extendable data quality rules engine, enabling continuous tracking of data quality issues.
By partnering with Kongsberg Digital, you can navigate the complexities of maritime data quality, ensuring your operations become more efficient and sustainable. Stay tuned as we delve deeper into how quality data can revolutionise the maritime industry and beyond.
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