Analytic Tools News

Social media, cameras, sensors and more generate huge amounts of data that can overwhelm analysts sifting through it all for meaningful, actionable information to provide decision-makers such as political leaders and field commanders responding to security threats.Sandia National Laboratories researchers are working to lessen that burden by developing the science to gather insights from data in nearly real time.“The amount of data produced by sensors and social media is booming — every day there’s about 2.5 quintillion (or 2.5 billion billion) bytes of data generated…

Finnish technology group Wärtsilä is launching a new, digital version of its Operim (Operational Performance Improvement & Monitoring) offering as a key feature of Wärtsilä’s Smart Marine vision. By digitally augmenting physical products through the addition of data collection capabilities and cloud based analytics, Operim enables improvements in operational performance through continuous monitoring and reporting of the key performance indicators and virtual instrumentation.The collected data is delivered to the system’s user in real-time, thereby allowing appropriate and timely manual or autonomous decision-making in a predictive or adaptive manner.Since a vessel is only as efficient…

Ship owners and operators, machinery OEMs and regulatory entities are embracing much needed technological innovation as demand grows in protecting machinery and communications on maritime assets. Cognitive analytics is a game-changing technology that is now more widely available to the maritime sector. This is the latest evolution of data analytics: from the “days of yore” of logging data in a logbook, to sensing data and connecting to a central console, transmitting data ashore and using artificial intelligence (AI)-enhanced tools to develop a deep understanding of how machines behave.

Danelec Marine’s new intelligent remote management platform is bringing the Internet of Things (IoT) to the maritime industry by providing easy, low-cost access to data from ships at sea. The second-generation DanelecConnect telematics platform is now fully available and the first ship installations are currently underway. The company is working with third-party software application providers to use the DanelecConnect application programming interface (API) tool to capture data from shipboard systems and sensors into their specialized software packages.

Approximately 130 million Chinese citizens travel internationally, making China the world’s largest outbound travel market in the world. With one-sixth of the world’s population, many recognize this country as a market with huge potential. Until a few years ago, travel by ship was a common mode of transport, but China’s rapid economic evolution has attracted more people to leisure travel opportunities and the luxury holiday experience cruise liners can offer. It is anticipated that the number of Chinese passengers will reach 4.5 million by 2020…

GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent. The two companies have collaborated to deploy SeaStream Insight, GE’s latest innovation in marine asset performance management, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will last for 12 months. Currently, the project has reached its first milestone, with data collected from the rig currently being processed and analyzed online.

Ships have been sailing the seas for thousands of years, and with modern technological advances and innovation, the industry continues to improve and innovate. While in 1912 the Titanic hit an iceberg that it couldn’t detect, today, connected devices, modern radar, sonar, data and GPS equipment are able to show where obstacles lie and re-route any ship onto a safer path, whether it’s carrying holidaymakers, LNG or cargo. Just as connected devices are making headway on land, with computer chips in cars…

Southeast Asia is likely to see a record number of ship hijackings in 2015 as demand for illicit oil, together with a well-established black market, will continue to drive maritime attacks in the region, advises private maritime security company PVI. In the absence of a stronger law enforcement response, ship owners and operators, especially for small tankers, face increasing operational, financial and security threats, warns PVI. Singapore-flagged Joaquim became the latest victim of small tanker hijackings on August 8…

Dun & Bradstreet, the world's most trusted source of commercial data and insight, today became the first certified vendor of the Small Business Financial Exchange, Inc.'s wholly owned subsidiary SBFE, LLC. As an SBFE Certified Vendor™, Dun &Bradstreet gains access to the SBFE Data ™ on more than 24 million small businesses. Combined with Dun & Bradstreet's global commercial data and analytics, the enhanced information will allow Dun & Bradstreet's financial services customers who are also SBFE Members - many of whom are among the nation's largest small business lenders - to gain increased visibility on small businesses to better assess their performance, credit line utilization, and payment delinquency.

New Toolkit Will Assist U.S. The U.S. Department of Transportation’s Maritime Administration (MARAD) today released the first module of the Port Planning and Investment Toolkit, a manual designed to aid U.S. port authorities with planning and funding for crucial port infrastructure improvements. Titled Funding Strategy Guide, this module provides guidelines, analytic tools, and resources to help port authorities develop comprehensive business plans and the financial structures needed to implement them. The release of this product supports the Build America Investment Initiative, which aims to expand public-private collaboration on infrastructure development and financing in the United States.

The U. S. Army Corps of Engineers is preparing to release a draft proposal for public comment and review in the Upper Mississippi River and Illinois Waterway Navigation Feasibility Study. The Corps' study team met with federal principals from the U.S. Department of Agriculture, Environmental Protection Agency, Fish and Wildlife Service and Maritime Administration to discuss the range of possible alternatives. The next step will be the preparation of a draft report in May, which will contain the draft proposal. The Corps will hold public meetings in June before preparing the final report late this summer. All comments will be reflected in the final report.