Yanis SOUAMI was invited to share his vision about the new trends in the maritime industry on BFM Business. He explained the central role of the Ocean in the worldwide economy and how a good use of data will tremendously change this industry in the coming years.
The world economy relies directly or indirectly on the maritime economy. Yet, contrary to what one might think, the maritime economy is struggling to really digitalize. Fortunately, many players like SINAY are helping the maritime based industries to facilitate their digital transition (by providing targeted indicators to make data-driven decision).
Overview of the Maritime Sector
70% of the world’s goods are transported by sea, and 98% of Internet telecommunications pass through cables under the sea. The maritime economy alone represents 1.5 trillion dollars, and the OECD forecasts growth of up to 3 trillion dollars within 10 years. However, even if the media often shows flagship projects of cutting-edge technologies such as autonomous ships, deep-sea exploration, or even underwater drones; in reality, the maritime economy is not very digitalized.
A Real Desire for Digitalization
While it is true that the maritime sector today is not very digitalized, it is no less true that many public and private players in this sector are working to move things forward. There are vast public data collection programs on marine fauna, oceanography, water temperature, etc.
Additionally, various programs are sponsored by private actors who equip ships or wind turbines with sensors to analyze their performance.
SINAY is a digital hub dedicated to the maritime players.
Indeed, as Ports are logistics hubs where different activities and transactions take place, SINAY is also a hub where several data sources are gathered :
Commercial data like AIS
And Private data that are secured in a dedicated and private space.
SINAY assembles and analyzes the most relevant data trough tailored modules. Each module solve a major problem to facilitate the management of the maritime activities.
It’s goal? To enable decision-makers to make the best decisions in real-time to improve their economic and environmental performance.
Frequently Asked Question About: MARITIME DIGITALIZATION
Maritime digitalization is the process of making maritime processes digital. Iy includes technologies like Artificial Intelligence, Big Data, IoT, blockchain, augmented realities, and 5G.
Maritime technology examples include:
- Smart autonomous shipping
- Smart Ports
- Environmental monitoring
- Logistic and environmental sensors
- Machine learning and deep learning
Types of digitalization include:
- Digitalization of management
- Digitalization of integrated systems and tools
- Creating digital solutions
- Using digitalization for the environment
Digitalization is the idea that all data is provided to all stakeholders in real-time on one open platform to improve efficiency and accurate decision making. Digitalization leverages on digitization (transformation from physical to digital) by bringing value to company roles instead of just replacing them.
Digitalizing involves transforming business transactions to a single process platform that acts as an operational backbone and is revolutionizing many industries. It is extremely effective for operations.