Brief

Bringing the digital twin to sea

The shipping industry is in choppy waters. As economic uncertainty keeps impacting the overcrowded shipping market, shipowners and operators need to maximize profit margins by improving operational availability and lowering operational costs. At the same time, the rise of information and communication technology (ICT) is bringing data collection, exchange and analysis to an unprecedented level, opening new horizons for shipping companies and shipbuilders alike. So how can the marine industry capitalize on this sea of newly available data?

The new ship service and maintenance model

The answer is by transitioning to a fully integrated approach to ship service and maintenance. This approach relies on implementing a service data collection and management system that links to the comprehensive digital twin as the single source of truth for all vessel performance and service needs. It facilitates shipyards’ transition to a more service-oriented business model and enables ship owners and operators to extend assets’ safety, operational availability and reliability while reducing the costs associated with maintenance, repairs and conversions.

Download our executive brief to learn more!

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The shipping industry is in choppy waters. As economic uncertainty keeps impacting the overcrowded shipping market, shipowners and operators need to maximize profit margins by improving operational availability and lowering operational costs. At the same time, the rise of information and communication technology (ICT) is bringing data collection, exchange and analysis to an unprecedented level, opening new horizons for shipping companies and shipbuilders alike. So how can the marine industry capitalize on this sea of newly available data?

The new ship service and maintenance model

The answer is by transitioning to a fully integrated approach to ship service and maintenance. This approach relies on implementing a service data collection and management system that links to the comprehensive digital twin as the single source of truth for all vessel performance and service needs. It facilitates shipyards’ transition to a more service-oriented business model and enables ship owners and operators to extend assets’ safety, operational availability and reliability while reducing the costs associated with maintenance, repairs and conversions.

Download our executive brief to learn more!

More in the series: