Norway-based maritime software firm Tero Marine has launched its new TM Insights system, an interactive visualisation tool that converts real-time data into reports and charts for comparison against pre-determined KPIs.
The software can be used to quickly identify trends and uncover hidden problem areas so remedial action can be taken to prevent problems or to improve operational efficiency.
The new application, built on Microsoft’s Power BI platform, is integrated to work with Tero Marine’s TM Master fleet management package, allowing users to drill down into data by ship type or by individual vessel.
Phase one of the TM Insights launch concentrates on two modules, Maintenance and Procurement. This includes information such as purchase orders raised, total spend, and procurement methods employed, which can be further broken down into analysis of purchase orders by type, department, purchase cycle times and order status.
Similarly, the component jobs overview and its accompanying history report gives a breakdown of any maintenance activities, displaying current and past performance at the same time to demonstrate negative trends before they are picked up as observations by external authorities.
“I am really pleased with how TM Insights has performed in the pilot with great feedback from key clients like OSM,” said Rune Lyngaas, Tero Marine’s CEO.
“This has given us the confidence to launch phase one to all TM Master users, as having accurate data analytics in a user-friendly format is vital to benchmark performance, identify trends and highlight problem areas. Phase two will concentrate on human resources and quality assurance and will be released in 2021.”
Tero Marine is part of the Ocean Technologies Group, which also includes Seagull, Videotel, Maritime Training Services, Marlins, and COEX.