Opsealog reports that it has published a new white paper outlining the potential benefits to be gained through an increased level of data standardisation across the maritime sector.
Analysing ongoing industry initiatives, the report found that data standards can play a central role beyond reporting requirements under IMO and EU regulations and will be essential to maximise the value delivered by onboard digitalisation to boost operational and environmental performance.
Titled Creating Value from Data Standardisation, the white paper calls for the development and implementation of data standards to proceed as a revolution comparable to how the shipping container transformed cargo handling in the 1950s, pointing to current industry initiatives such as the Smart Maritime Council and Energy LEAP that have created standardised datasets for vessel reporting and emissions tracking as a beginning point.
Despite some progress, the research describes persisting fragmentation as a key obstacle, with much of the data currently collected in the shipping and offshore sector not currently creating value due to a lack of standardisation. It also identifies the need for common formats as critical to reducing seafarer workloads amid growing reporting requirements.
In addition, the report suggests that a more standardised data environment offers an opportunity to improve transparency between owners and charterers that will change the bidding process, support the monitoring of contractual obligations, and improve conflict resolution. Furthermore, as companies face increasing pressure to report their environmental, social, and governance (ESG) performance, unified reporting standards could provide the tools needed to meet these demands efficiently and effectively.
“Data standardisation is about more than compliance: it is an essential baseline for the industry to fully harness the power of digitalisation,” said Arnaud Dianoux, Founder and Managing Director at Opsealog.
“Just as English is the international language of shipping and trade that enables people from all over the world to communicate and collaborate, data standards can become the international language of digital communication and collaboration.”
“This is an opportunity not to be wasted, especially as the industry faces growing ESG pressure and new regulatory requirements. Data standards will be the building blocks to enable companies to collect, integrate, and make sense of their data. This paves the way for real-time monitoring, predictive analysis, data-driven decision-making and new fuels analysis, enabling owners to build strong businesses for the green and digital era ahead.”
The white paper is available for download here.
