On both the UK & global stage, the maritime industry plays an absolutely vital role in delivering goods and services to those that need it. As the backbone of our supply chain, maritime allows for the cost-effective movement of any goods from one country to another.
The scale of the sector is enormous, facilitating 95% of the UK’s trade at a value of £46.1bn to the UK’s GVA in 20171 and the global sector is set to be worth a staggering $3 trillion by 20302. This may be hard to believe, but think about it. Maritime isn’t just about the ships, but also about the logistics, ports, insurers, technology companies, legislative and consulting businesses, and any country with a shoreline has an interest.
In the post Covid-19 economy, maritime will play an even bigger role; with many new technologies being explored that will allow the industry to drive real change. One of the criticisms laid at the feet of the maritime industry is that it can be slow to change. The global pandemic has provided a catalyst for change, and a real opportunity for maritime to try new ideas, approaches and technologies, especially from other sectors.
Data will become prevalent. Shipping has always made some use of data to provide specific solutions (AIS data for ship tracking, Weather data for forecasting, Port data for calls/Vessel identification for example) but AI, Machine learning are driving new data opportunities, alongside a joined up, global view of data, which other industries such as automotive and aerospace have put at the forefront of their operations for years (predictive maintenance is a good example). Those who learn to harness this data and make all of their data work for them, will grow faster and become more productive and lead in this new era.
So why have Zizo decided to move into the Maritime? We feel that with our technology and expertise we can bring a fresh approach to the space; giving our input into solutions and practices to use data in an efficient way, especially with a system which can often be independent from a base. A vessel is a truly edge environment, and we are now seeing autonomous vessels delivering goods across the world – a feat in itself for automation.
This automation is also coming to the wider maritime sector, with a number of global initiatives to attract start-ups and scale-ups (like Zizo) to bring their innovative solutions to mission critical systems and speed up operations. Its worth noting that an improvement in efficiency of a relatively small amount can cause huge monetary benefits due the scale of the port operations.
So if you are interested in how Zizo can help you use data to understand your how your data can deliver improved performance, how becoming a company with a global view of data can be easier than you think or may cost you less than you thought, please feel free to reach out to us.