Inmarsat’s discovery 'Let many people be surprised'
The report, "Industrial Internet of Things: Oceans," is part of Inmarsat's continued broader research program.
Inmarsat has explored in depth the adoption of IoT solutions and the acceptance of IoT solutions by the maritime, transportation and logistics, energy, mining and agricultural sectors. The research report is based on responses from 125 ship owners around the world.
Stein Oro, vice president of marine applications sales at Inmarsat, said: 'This may be the most detailed description of the maritime industry's attitude towards the Internet of Things, and its findings will surprise many people.'
Sea affairs network spending exceeds other industries
According to Stein Oro, ship owners are not lacking in willingness to invest in the sea of things. Inmarsat's research shows that the shipping industry's capital investment in the Internet of Things far exceeds that of other industries.
Respondents said that in the next three years, each company's average spending on IoT solutions will reach $2.5 million.
They say that IoT solutions are more attractive than any other next-generation technology, and IT budgets are more.
However, despite the positive attitude towards IoT technology, the shipowner's operating environment and economic environment are basically outside their control.
For example, Inmarsat found that Greece is both a troubled economy and one of the world's leading maritime countries, and its shipowners' expect to spend significantly less on IoT solutions over the next three years. The investment is less than 10% of the average total investment. '
Three-quarters of respondents said they plan to fully deploy Internet of Things-based solutions within 18 months. Greece's positive response to the same issue is only 40% of respondents.
Networked vessels reduce costs
According to the Inmarsat report, the report proves that the ship owner 'stays in the fixed cost of the shipping industry for ten years', which indicates that the global economic recession has far more impact on the shipping industry than most other industries.
51% of respondents said that income is not a decision-making factor for the Internet of Things, and 75% of respondents said they have or expected to implement cost-effectiveness through the adoption of IoT technology rather than implementing IoT systems to increase revenue.
The use of the Internet of Things in shipping ranges from route optimization to maintenance and intelligent cargo storage. However, 65% of ship owners said that their adoption of the Internet of Things was driven by environmental legislation. 100% of respondents said they tightened emissions and Fuel usage rules mean that they will use IoT solutions to monitor fuel consumption by 2023.
The report found that another cost-cutting application for IoT systems is their ability to reduce premiums. 70% of respondents said that providing more data to insurance companies is a key factor in their adoption of the Internet of Things.
Industry perspective
Shipping is one of the oldest, slowest and most risky industries in the world, and is closely related to the fate of a country with a long history. However, shipping is one of the most invisible industries for most people, although its history can be traced back to several thousand. Years ago.
Inmarsat said it will look at new interconnected technologies to help IT operations in a better, more efficient, greener and more sustainable way. This is not surprising, as the ocean world has long been in the new The cutting edge of technology, position systems and timing equipment.
After all, knowing where a ship is, what it carries, when it arrives, and what state its cargo is in is critical to the ship owner and their customers, and has existed for centuries. Over.