Why Realtime Data Matters to the Maritime Industry

The global maritime shipping industry, responsible for over 90% of world trade and moving more than USD 4 trillion of goods annually, faces immense pressure to remain on schedule, protect cargo ships and crew, and ensure profitability. Realtime big data analytics can help navigate these challenges by providing immediate insights from the vast amounts of data generated by maritime companies. This technology enables better decision-making, improved efficiency in operations and logistics, fuel-efficient routing, and reduced greenhouse gas emissions. Additionally, realtime data supports ad hoc navigation to ensure companies maximize returns amidst unpredictable ocean weather conditions.