Systems integration and outsourcing giant Accenture had inked a partnership with shipbuilder Hyundai Heavy Industries to bring the Internet of Things to the high seas.
The two companies will work together to design a connected smart ship with real-time analytics capable of bringing new standards of safety and efficiency to the age-old shipping industry.
The connected smart ship will use Hyundai Heavy Industries' on-ship platform and the Accenture Connected Platforms as a Service (CPaaS).
Outfitted with a network of sensors, the smart ship will collect a range of data from a ship's voyage, including location, weather, and ocean currents, on-board equipment and cargo status.
According to the companies, that data can be shared across vessels, ports, cargo and land logistics. The data is visualized against historical fleet data and can then be used for smarter fleet management and finding ways to reduce operational costs. The data can also deliver real-time alerts and warnings, predictive maintenance and more efficient scheduling.
"Our collaboration with Hyundai Heavy Industries utilises our digital technology and deep industry experience to enable a traditional 'products' company to adapt its business model, taking advantage of digital technologies like analytics," Eric Schaeffer, senior managing director for Accenture, said in a statement.