The Network Effect report from Inmarsat and Thetius emphasises need for strategic thinking on connectivity in modern shipping operations, offers guidance on effective implementation.
A new report compiled by maritime innovation consultancy Thetius makes a compelling case that shipping companies seeking to meet current and emerging challenges facing the maritime industry will benefit from a strategic approach to connectivity. Published by Inmarsat, a world leader in global, mobile satellite communications, ‘The Network Effect: Strategising Connectivity at Sea for Maximum Impact’ also provides guidance on effective connectivity framework strategies.
‘The Network Effect’ details the business benefits and specific capabilities that shipping companies can access by applying an effective connectivity strategy across their business IT, crew, and operational networks. These include voyage and port-call optimisation, emissions reduction, condition monitoring and condition-based maintenance, trade facilitation, seafarer welfare and training, remote surveys and pilotage and telemedicine services.
Matthew Kenney, Director of Research and Consulting, Thetius, said “Against a backdrop of evolving regulatory requirements and increasing emphasis on seafarer welfare, connectivity and data are indispensable to shipping company competitiveness. However, simply purchasing data is no longer enough. If shipowners are to reap the full rewards of operational optimisation, decarbonisation and a loyal and talented crew the right connectivity strategy is essential.”
According to the report, once a shipping company has established its objectives and identified the capabilities needed to achieve them, it will benefit most from finding the right combination of communication services to best support those capabilities. By joining the dots between business goals and connectivity options, operators gain access to a host of benefits including opportunities to optimise and drive efficiency, while reducing running costs and improving profit margins; the ability to attract and retain talented crew; and the capacity to future-proof operations and build in competitive advantages.
Ben Palmer, President, Inmarsat Maritime, said “Ultimately, a good connectivity strategy relies on a clear understanding of the company’s business goals, the technologies needed to attain those goals, and any additional influencing factors such as resource availability and investment requirements.
In that sense shipping is no different to any other industry: collecting, collating, analysis and harnessing the value of data relies on resilient, reliable, secure, globally available connectivity services. It is also critical to recognise that implementing a connectivity strategy is a continuous and iterative process that requires constant monitoring, frequent reassessment, and regular feedback from internal and external stakeholders. As this report makes clear, this is both necessary and highly valuable to modern shipping operations both in terms of driving competitive advantage and addressing decarbonisation goals.”
Available to download here, The Network Effect: Strategising Connectivity at Sea for Maximum Impact concludes with step-by-step instructions and best-practice guidelines on how to develop and implement a successful connectivity strategy.
Shipping News You Would Like:
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Latest Shipping News You Would Like:
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.