The Digital Evolution of Asset Management

THE DIGITAL EVOLUTION OF ASSET MANAGEMENT

“We’re looking at it as the next level of management and optimization, and we want to see how it can help us increase reliability, safety and efficiency onboard our vessels. It’s the next logical step in marine technology, and we want to be early adopters if it adds value,” Bill Metcalf, Crowley Maritime’s Vice President of Strategic Engineering, said at the outset of the experiment. The test proved to be an eyeopener for all involved, indicating that data analytics could bring a range of benefits to the fleet and help the company figure out how to turn those indications into fruitful reality.

WORKING SMARTER Data analysis can also bring to light invisible inefficiencies. This happened during the Guide’s engine performance analysis, when it was discovered that one engine was running at a higher load than the other, and that one bank of injectors was not firing as well as it should have. From the perspective of a single boat, these accounted for marginal differences in efficiency, but from a fleet-wide perspective indicated the potential for big data to make a big difference to the bottom line.