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Machine learning and artificial intelligence enable accurate performance analytics

Many companies in the shipping industry have already started their digital journey by automating data collection from their vessels. This connected mode of operations introduces a new level of transparency to onboard operations, but also has a downside – namely the ever-increasing amounts of information produced that is far beyond the capacity of any single person to process. What is needed to make data even more useful is a way to automatically process gathered information and provide insights and feasible scenarios going forward. With this kind of smart operation, a vessel's automated data collection system uses cloud-based technologies to automatically analyze data in real time. Performance analytics are based on machine learning.