The digital revolution is transforming the world. Data is being generated, shared, stored, and analyzed in amounts and at speeds that are increasing exponentially every year. Today, the data we create, access, and control is having an increasing impact both on how we live and on how industry performs.
In shipping, digitalization and the use of data has had a huge impact. Ships have become sophisticated sensor hubs and data generators, producing and transmitting information from anywhere, often in real time. At the same time, advances in satellite communications are improving connectivity, allowing for massive increases in the volumes of data transferred at ever-lower cost.
These digital information flows are driving the automation of processes and functions, and they can have a positive impact on safety, commercial, and environmental performance. Combining data streams from multiple sources allows the maritime industry to make better-informed decisions more quickly, creating more efficient and responsive organizations. New cloud-based technologies such as big data platforms and digital twin technologies are starting to have a dramatic effect on how the industry manages information and how vessels and their components are designed, built, and tested.