TECHGuru

  Maritime data analytics refer to the process of collecting, analyzing, and inferring information about shipping activities. Increase in maritime shipping is driving coastal shipping companies to adopt maritime data analytics solutions. According to a report published by Trelleborg, a maritime solutions provider, the maritime industry generates about 100-120 million data points every day, from different sources such as vessel movements and ports. Increase in generation of shipping data, coupled with advancements in big data analytic solutions, provides the shippers with data regarding weather conditions, optimal routes, piracy risks, fuel consumption, etc. Rise in investments in the maritime industry made by the governments of several economies is expected to drive the growth of the Maritime data analytics platform market globally. Maritime data analytics solutions are being installed on a larger scale in the maritime industry, because of their their characteristics of identifyin...