The Chinese government are preparing to build the first Big Data base for international shipping, which will be established in the port city of Qingdao, according to Chinese news agency Xinhua.
The US$787 million project includes a big data exchange, an industrial park, a research academy, and a Big Data centre, according to a Qingdao International Shipping Service Centre official.
The official said: “The construction of the base will push the modernisation of Qingdao's shipping industry and its integration with information technologies.”
The centre signed a strategic agreement to jointly develop the base with AsiaInfo, a leading provider software solutions provider in China.
The container throughput of Qingdao Port currently ranks fourth in the country and in 2014, the port handled 16.62 million TEU. This amount was 900,000 TEU higher than in 2013.
Big Data is an up-and-coming trend in the port and container shipping industry. Experts have previously outlined the benefits of ports implementing Big Data practices, which include increased capabilities for maintaining equipment through the acquisition of sensor data.