Classification society DNV GL will launch the new industry data platform »Veracity«. It should help the maritime industry to improve its profitability and explore new business models through digitalization.
The »Veracity« industry data platform is designed to help companies improve data quality and manage the ownership, security, sharing and use of data. By creating frictionless connections between data owners and users, the platform will create new opportunities for improving ship performance and safety, while at the same time reducing operational costs DNV GL stated.
Better quality becuase of data analysis
One area where the maritime industry can benefit from the new data platform could be allowing DNV GL’s maritime customers to document compliance of main onboard machinery and systems through predictive analytics, removing the need for calendar based inspections. In one of t’he company’s first pilot projects a drilling operator embarked on a project to explore predictive analytics with a components vendor and an analytics services company. Working with DNV GL to see if this approach could gain class approval, an analysis of the data revealed severe quality issues that none of the partners were previously aware of. Once the data was quality assured, machine learning algorithms could be applied to the data with success. A key learning from the project was that it demonstrated the need for continuous data management and quality assurance to reap the benefits of a data driven approach DNV GL informs.
According DNV GL it is developing the platform by working together with several industry leaders on big data projects in pursuit of reduced downtime, improved safety, predictive maintenance, performance forecasting, energy efficiency and real-time risk management.
