Riding the wave of digital disruption
In the first of a series of blogs for Shipping2030 Europe by our Connectivity Sponsor Inmarsat Maritime, their Senior Director Sector Development, Michiel Meijer, explains that digital disruption is an unstoppable tide.
The Big Data revolution isn’t coming. It’s well and truly here. At Shipping2030 we looked over the horizon at the trends and key drivers that will impact on the maritime industry in the next couple of decades, but the unprecedented speed of change means we also need to focus on the here and (nearly) now.
Let’s just look at a few stats. In 2020, there will be 4 billion connected people on the planet. They will be plugging into more than 25 billion apps and intelligent systems producing an eye watering 50 trillion GB of data. By next year, it is estimated that 70% of traffic on the internet will be video.
Clearly this is not something the maritime industry can ignore – and in many ways shipping is perfect for digitalisation and disruption: it’s international, has a common language and a plethora of critical functions and processes that are time-consuming and labour intensive. Add to that a tech-savvy workforce increasingly expecting the same constant connectivity on board that they get at home and the way we are headed is obvious.
The numbers show that the competitive players are already riding the digital wave and rethinking the way they operate: half of all vessel owners undertake some form of data analytics from sensors on-board, and a hike in ship-to-shore data traffic of close on 60% is forecast by the end of the decade.
Last year we asked 41 ship operators and 3,000 serving seafarers exactly what digital applications they use, and to rank their value. Vessel operations came out in front – safety, cargo, crew management, tracking etc. – with commercial apps like ERP and e-procurement, IT solutions including cyber security and remote diagnostics, and navigational tools such as ECDIS updates and weather routing close behind. Crew, unsurprisingly, use email and content services, as well as accessing online training.
Looking at the bigger picture, it is evident that not one area of commercial shipping operations is untouched by the digital revolution.
At Inmarsat, our job is to ensure that shipping companies have the satellite connectivity that gives them access to the data applications they need, wherever they trade. With Fleet Xpress, we are setting a new standard in maritime communication by delivering high-speed connectivity and guaranteed performance globally from a single operator.
But Fleet Xpress is more than just a VSAT. We have created an entire maritime ecosystem including certified partners who are developing innovative, content-rich applications that truly exploit the potential of Big Data at sea. I’ll be looking at what that means for shipping operators in my next blog.