Business Intelligence and Analytics
With the maturing of new analytics technologies, the access to data becomes even more valuable. In combination with technologies like Internet of Things, the generation of data multiplies every week. This is also true for the transport sector, and indeed the maritime part of it.
We monitor ships, cargo, weather, fuel consumption, maintenance requirements on a minute-per-minute basis. With the right analytical tools, we can actually predict a lot of cost driving events before they occur.
Business intelligence and analytics assists shipowners as well as shipping companies in making wise decisions. BI tools enhance our understanding of internal cost drivers and increase insight on how cost structure impacts the profitability of the individual goods item.