DNV GL has launched a new industry data platform – Veracity – to help the maritime industry improve its profitability and explore new business models through digitalisation. The 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, it is expected to create new opportunities for improving ship performance and safety, while at the same time reducing operational costs.
DNV GL worked with several industry leaders, including Microsoft Azure, to develop Veracity and was involved in a number of big data projects in pursuit of reduced downtime, improved safety, predictive maintenance, performance forecasting, energy efficiency and real-time risk management.
Veracity could allow DNV GL’s maritime customers to document compliance of main onboard machinery and systems through predictive analytics and thus remove the need for calendar based inspections. In one of the class society’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 were 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.
“Data is the key ingredient for companies in any industry looking to transform their business”, said Michel Van der Bel, working for Microsoft EMEA.