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Inmarsat Presents Maritime Industry Internet of Things (IIoT) Study

Humanity consumes more and more. Now we are more than ever, we are accustomed to new technologies and constant access to the information that they bring into our lives. This has a significant impact on enterprises operating in the main sectors – agriculture, energy, marine, mining, and transport sectors. Manufacturers are forced to optimize technological and business processes, must track goods from production to the final destination, suppliers must receive as much information as possible about the goods they deliver.

The data generated by such advanced intelligent technologies as the Internet of Things (IoT) is changing the work of entire industries, becoming a new benchmark for business. Now you need to effectively collect information, creating new value for customers, until competitors repulse them.

Inmarsat Research Program
Inmarsat Research Program is in its second year. The 2018 study focuses on understanding the ways in which the industrial Internet of things affects global supply chains and management systems in agriculture, energy, marine, mining, and transportation. In May 2018, Inmarsat authorized Vanson Bourne, a specialist in technology market research, to interview 750 respondents about their experience with IoT in their organizations and in the industry as a whole.
Respondents worked in companies with more than 500 employees and had an idea of ​​decision making or impact on IoT implementation initiatives. However, the profile of marine respondents was slightly different – 46% of respondents worked for companies with less than five hundred employees.

Inmarsat study
Maritime industry
Inmarsat Research The Inmarsat IIoT Readiness Tool allows you to map sectors, organizations, and industries to each other based on their IIoT readiness. A number of questions were asked to 750 respondents whose answers were translated into scores evaluating the development of IIoT in six key areas: implementation, security, connectivity and IIoT technologies, skills, data, investments and ROI. Using points, respondents were divided into maturity with respect to IIoT – laggards, starters, progressives, and leaders. Given that, according to various sources, more than 90% of world trade is carried out by sea, other interested parties in the global supply chain, including regulatory authorities, are constantly influencing shipping trends. Today, excess capacity in the container market, a slow increase in demand for raw materials, soft tariffs for tankers and simple excess tonnage coexist with a market positive that includes new northern sea routes, an increase in LNG supplies and demand for cruise tourism.
However, the aftermath of the global financial crisis of 2008, the fall of 2014 and the tightening of environmental standards continue to shape the marine agenda when owners are under pressure, increasing safety and reducing costs and emissions.

This study examines how solutions based on IIoT technologies can offer the marine industry simple ways to “tidy up” it in response to growing environmental problems: ways to use it to improve safety and improve health, as well as unlock the industry’s potential to increase its effectiveness. In addition, it is very important to solve problems that impede the implementation of new solutions, including the lack of skills and industry knowledge, as well as the entrenched duality in relation to everything new.

Particular attention in the study is paid to the so-called “gateway” of IIoT solutions (Industrial Internet of Things), which simultaneously meets the requirements of regulators and economic efficiency. For example, in accordance with the IMO Rules, which limit ship emissions and usher in an era of new, more expensive fuels, ship sensors connected to IIoT provide an instant response for monitoring, reporting and controlling fuel use. Today, 65% of shipowners already have or are testing IIoT solutions for fuel consumption, and another 9% will join them in the next 12 months.

It is important not to overestimate the results of the polls, given that about half of the respondents polled in the current study say that they either do not seek or do not expect big changes from the implementation of IIoT solutions. However, modern owners living in the world of the marine industry, where class communities that monitor safety standards, test drones to support ship inspection, where ship video surveillance brings obvious benefits to crew and cargo safety, where digital platforms are used for weather forecasting and distress alerts, join IIoT.

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