Turning data into a tangible asset in the maritime industry
Written by Juha Asanti
Posted on November 05, 2024
Data has become one of the most valuable assets for businesses across industries. The maritime industry, however, has traditionally been slower to fully embrace the power of data. But this is changing, and the shift is exciting. I believe that data holds the key to unlocking new possibilities for shipbuilding and operations, helping companies become more efficient, sustainable, and prepared for the future.
The evolving role of data in shipbuilding
Shipbuilding is an incredibly complex process. It involves thousands of tasks, people, and decisions at every stage. Every project creates massive amounts of data – design plans, production schedules, operational feedback – all of which, when managed properly, can have a huge impact on the success of the project. Data can ensure that vessels are delivered on time, within budget, and meet the specifications and performance standards required.
We’re beginning to realize the true potential of this data within the maritime sector. Each shipbuilding project holds and creates vast amounts of data, which can be considered digital assets. The key is developing the right tools to manage, organize, and leverage this data to power the vessels of tomorrow.
Data integration in action
One of the biggest challenges that shipyards face is not just collecting data, but making it work effectively. Too often, data exists in silos, i.e. separate systems that don’t communicate. This creates barriers to a full, real-time understanding of what’s happening in the project. That’s where integrated data management solutions make a difference.
At Cadmatic, we’ve seen firsthand how integrating data across departments from design to production can create a seamless flow of information. This not only improves decision-making but also helps avoid costly delays.
I’ve worked on projects where we had to track millions of interconnected parts across multiple disciplines. In one typical commercial vessel project, five million parts needed to be classified and managed. By centralizing this data, we were able to avoid bottlenecks, manage changes more effectively, and reduce operational costs.
From digital mockups to digital twins
One of the most exciting innovations in the maritime industry right now is the rise of digital twins; virtual replicas of vessels that evolve as the project progresses. Digital twins gather data from every stage of a ship’s lifecycle, from the initial design all the way through to operations. These twins are a powerful tool for monitoring and improving performance.
We’ve been working on digital twins at Cadmatic for some time now. They allow us to make better decisions, not just during the construction process but throughout the operational life of the vessel. With predictive maintenance and real-time data collection, operational costs can be optimized, and maintenance becomes more efficient.
The future of shipbuilding – embracing technology for sustainability
Sustainability is becoming a priority for everyone in the maritime industry, and data plays a critical role in supporting greener operations. Real-time data monitoring allows companies to ensure they’re meeting environmental regulations and improving fuel efficiency. Technologies like augmented reality (AR), virtual reality (VR), the Internet of Things (IoT), and Artificial Intelligence (AI) are adding even more value by making shipbuilding and operations smarter and more efficient.
Collaboration between shipbuilders, designers, and operators will be crucial for this future, and it’s all driven by data. The future of shipbuilding is digital. The more we integrate data with smart technologies like AI and IoT, the better we will be positioned to build ships that are not only high-performing but also sustainable.
Making the most of your data assets
As the maritime industry evolves, the ability to manage and leverage data will be key to staying competitive. By turning data into a tangible asset, shipyards can optimize their operations, reduce costs, and meet the environmental challenges ahead.
Data isn’t just a tool – it’s a game-changer for the future of shipbuilding.
