GeoSpock, a Spatial Big Data company, has joined forces with market information source Baltic Exchange to develop an advanced global maritime database built on Amazon Web Services (AWS) Cloud in order to reduce maritime air emissions.
The data repository is intended to act as a key resource for the array of new datasets generated the shipping industry, which will enable companies to analyse and optimize shipping while providing regulators with a new level of transparency.
“The maritime industry is currently trapped within many siloes, with operators hungry for insight and visibility,” Richard Baker, CEO at GeoSpock said.
“We’ve now reached a point where the amount of sensor data being generated is larger than what humans themselves are generating.
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“A spatial big data platform helps to deal with the volume of connected devices and explosion in sensor data.
“The goal of our combined database is to disentangle the sector, achieving data interoperability throughout whilst ultimately creating an innovation hub.
“Only by having ubiquitous access to trusted data and removing friction to data silos can the industry move to measuring and managing what matters.
The programme will allow users to have access to visualisations and data insights to analyse how the industry is tackling emissions at both a global and regional level.
The database will capture data of the maritime shipping industry, including information on emissions, fuel usage, location, weather, journey route and times.
GeoSpock’s Spatial Big Data platform, built on AWS Cloud, will be used to process and provide context to the data from Baltic members and industry participants.
“As our market embraces digital technologies, the Baltic is in a unique position to facilitate the industry’s digital growth,” Mark Jackson, CEO at Baltic Exchange said in a statement.
“To achieve this vision we must adopt and utilise the most advanced technology and develop the most holistic database available.
“Our priority is to inform our membership and the wider shipping community, providing them with the means to see, prove and act on any developments in the industry.
“The GeoSpock database will act as a self-improving and scalable global information hub that can be interrogated in real-time. It is an opportunity for our community to innovate and collaborate for the benefit of the industry as a whole.