According to the Organisation for Economic Co-operation and Development, 90% of traded commodities are transported over the waves. As a result, the oceans serve as the primary commerce arteries for the world. Customers, however, are searching for transport businesses that provide optimised services and more economic benefits throughout the supply chain. This places a great deal of pressure on maritime industry businesses to operate more financially, strategically, and efficiently.
In an intensely challenging maritime industry, operators must employ cutting-edge technologies to satisfy consumer requirements while meeting global environmental and safety standards. This article will highlight 4 future technologies significantly affecting maritime transportation, which contribute to a more integrated and productive maritime sector.
Artificial Intelligence (AI)
AI is gaining popularity in the maritime industry. By seamlessly integrating modern communications and logistics technologies, AI is making things simpler whereas the industry goes through a significant worldwide transformation.
The industry can rely on AI to minimise security risks and substantially lower operational expenses with the aid of innovative algorithms. AI supports automation, safety, decision-making, and route optimisation. Additionally, AI may also assist the marine sectors in responding to and working with new environmental legislation and policies.
The maritime industry, like other world’s major industries, has made a commitment to lessening its carbon footprint. Green technology can assist the industry in conducting its business in a way that is both economical and ecologically responsible. These days, using alternative fuels is a reasonable solution. This could be a remedy to the rising environmental threats brought on by the operation-related emissions of noxious substances.
Big Data Analytics
The new most crucial component of the modern era is data. The foundation of data analytics is the mining, accumulating, and insights that are made from massive amounts of information. With a plethora of data sources flooding in, Big Data Analytics will be a technological breakthrough for enhancing the operations of the maritime industry. It generates a correlation between the data gathered from various sources. Then it automatically applies pertinent and novel algorithms to the discovery of any relationship between variables to formulate insightful conclusions.
How then can businesses leverage big data to boost performance? ERP software is a wise solution for handling these large quantities. ERP systems include all of your most critical business data, from accounting to human resources. The systems utilise big data to offer previously untapped insight into your company’s operations. Moreover, ERP solutions can streamline supply chains, boost scheduling, increase forecasting accuracy, and provide many other advantages to marine businesses.
Cloud-based technology, recognised for facilitating data access, is proving to be a game-changer in the maritime industry. Accordingly, the necessity for IT infrastructure increases rapidly as the volume of information increases. Large equipment racks will inevitably require space and considerable resources to deploy onboard. Furthermore, keeping data on board might be problematic in the event of a breach or threatening circumstances.
Cloud-based technology enables maritime firms to save expenses while preventing data loss, offering remote access to company data, and enhancing communication between staff members on board and ashore. With a steady connection, cloud ERP software can assist in the reliable storage and retrieval of data from onshore locations.
By implementing new technologies such as AI, green technology, and big data analytics, maritime businesses are able to advance their efficiency to higher levels. To gain a competitive edge over their peers, maritime enterprises need to act quickly, with the first step being the application of ERP software.
With over 32 years of experience, Synergix can assist you in enjoying the advantages of a fully-integrated and customisable ERP system. Eligible businesses can take advantage of several grants worth up to 70% of the qualifying costs offered by the Singaporean government.
Please get in touch with us right away if you have any more inquiries!