In a recent report, the global consulting firm McKinsey estimates that by 2030 the Internet-of-things (IOT) could enable $5.5 trillion to $12.6 trillion in value globally. This of course covers a lot of different industries, but is a testament to the potential of IOT to change how we operate and manage businesses. This is also going to impact the maritime industry. McKinsey sees both condition-based maintenance and operations optimization growing with a CAGR around 25% in the years 2020-30 – both are highly relevant for vessel owners, operators and the maritime industry overall.
To support the shipping industry´s need to fully leverage the value of IOT, Raa Labs has developed a highly scalable and flexible IOT platform for vessels. In addition to connecting to fixed onboard systems such as your automation or navigation system (regardless of the OEM of the system, enabling you to harmonize across vessels with heterogenous equipment), we have also integrated a decentralized LoraWAN network in our solution. LoRaWAN is a low-power, wide area networking protocol allowing for wirelessly connecting devices to the internet. This allows you as an owner to leverage a vast offering of different types of sensors to measure anything from humidity, vibrations, pressure to gases. By leveraging the LoraWAN protocol we ensure openness and interchangeability of equipment. Further, we have created a decentralized stack, which allows you to roam LoraWAN networks, for instance if you want to monitor cargo both onshore and on the vessel.
No matter what data you need to solve your use case, the RaaEdge IOT platform can help you get access to it.
The key benefits of our onboard IOT platform is that it allows for flexibility in how to get access to data onboard and provide you with similar flexibility in using that data. You can integrate directly to systems, but also capture individual datapoints by leveraging retrofitted sensors to allow for a richer pinpointed operational data stream relevant for your specific vessels. This allows for a greater flexibility and cost efficiency in tailoring specific use cases, as well as enriches the potential data sources you can find onboard your vessels. No matter what data you need to solve your use case, the RaaEdge IOT platform can help you get access to it.
Get in touch to learn more about how we can support you on your digitalization journey.
Eirik Berteig
Head of Strategy
Eirik writes about topics related to the strategic aspects of maritime data.
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