Cyber and digital transformation- marine analytics

Working together for a safer world

Cyber and digital transformation Marine analytics: Unlock the potential of your data for increased efficiency and performance.

ADVANCED ANALYTICS

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MARINE EXPERTISE

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RAPID APPLICATION DEVELOPMENT

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THE CONNECTED MARITIME WORLD 2

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CONTENTS Global shipping is fast realising the operational and commercial benefits of connectivity. But with so much data available, extracting useful and actionable information is a challenge. We work with you to co-create leading bespoke solutions, enabling you to optimise efficiency in operations, asset performance and maintenance, reducing risk and offering transparency to stakeholders.

Our marine analytics capability spans from the deployment of technology at vessel or fleet level to shore-side decision-making support, we provide you with the right tools to embed data-driven insight within your organisation and complement your existing processes and procedures.

MARINE ANALYTICS

Introduction

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Power & potential of your data

07

Defining your data strategy

09

Enabling data analytics

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Proving value

13

Deployment

15

Options for realising value

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Continuous improvement

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Our wider capability

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How can I use technology to improve performance, efficiency and reduce costs?

Marine analytics We apply our knowledge and expertise to help you extract value from your data, enabling you to make informed, actionable decisions to improve performance and efficiency.

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INTRODUCTION

A trusted partner for your digital journey.

Seven steps to enable you to obtain value from your data.

Providing a powerful, scalable platform and using data analytics to derive actionable insights.

Understanding, identifying and assessing the data you have, and what it can help you achieve.

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THE POWER AND POTENTIAL OF YOUR DATA

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DEFINING YOUR DATA STRATEGY

A robust, practical plan for achieving your desired technical, operational and commercial outcomes.

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ENABLING DATA ANALYTICS

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PROVING VALUE

Piloting solutions and demonstrating the benefits of data.

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POWER & POTENTIAL OF YOUR DATA

INTRODUCTION

DEFINING YOUR DATA STRATEGY

In a competitive market, global shipping is fast realising the operational and commercial benefits of connectivity and increasing amounts of ever-more accessible data.

But with so much data available, extracting useful and actionable information is a challenge. We work with you to co-create leading bespoke solutions, enabling you to optimise efficiency in operations, asset performance and maintenance, reduce risk and offer transparency to your stakeholders.

We achieve this by translating our world-class engineering knowledge into advanced data analytics.

We have a pioneering and secure Connected Assets Big Data Platform powered by our partner QiO Technologies. This platform is supported by industry-

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

recognised software, such as our real-time adaptive maintenance optimisation service and software (RTAMO), our asset management optimisation service and software (Axxim) and our loading and stability software (Lloyd’s Register (LR) Seasafe), as well as by partnerships with leaders such as the cloud-based ship management software provider, Hanseaticsoft.

We are continually developing our capabilities and we have a growing range of technology partnerships that complement our unparalleled knowledge of, and data on, marine components, systems, procedures and regulations. Our digital innovation methodology allows us to work with you at all stages, from helping you define your data and digital strategy to

DEPLOYMENT

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

developing rapid joint initiatives and projects to de-risk your investment. We help you to improve your productivity, efficiency and safety by giving you the tools and skills you need to simulate, predict, collaborate and optimise business processes.

Our marine analytics capabilities range from the deployment of technology at the vessel or fleet level to shore-side decision-making support. We provide you with the right tools to digitally transform your business and remain relevant by arming you with the latest technologies and skills to improve operational efficiency, increase productivity and better engage your customers and partners.

Working with you to scale from pilots to fully functional real-world solutions across your business.

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OPTIONS FOR REALISING VALUE

A long-term partnership that keeps your solution relevant, reliable and secure.

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OPTIONS FOR REALISING VALUE

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CONTINUOUS IMPROVEMENT

Specifying and building the right marine analytics solution to meet your business needs.

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

THE POWER AND POTENTIAL OF YOUR DATA Understanding, identifying and assessing the data you have, and what it can help you achieve.

Continuous advances in technology mean that it is possible to amass more data more easily than ever before and that this data is constantly evolving. With the potential to improve efficiency and reduce costs, there is relentless pressure to capitalise on this digitalisation opportunity.

you can optimise routes and offer more accurately estimated arrival times, helping to reduce turnaround times. Monitoring data such as fuel consumption, air emissions and location can also help you demonstrate your compliance with environmental and other regulatory requirements.

Data from individual ships and across your fleet also gives you a demonstrable basis on which to reduce expenditure and improve efficiency. You can show a potential charterer the hard numbers on your efficiency, reliability and availability, and resolve disputes quickly and transparently.

It all starts on board. Ship by ship, data can be used to optimise performance and reduce operational expenditure. The right data can provide powerful support to improve operational decision-making and reduce risk. Real-time performance data can deliver cost savings through reduced downtime, increased efficiency and reduced fuel consumption, for example.

By using weather data and other external information,

Vessel performance data can provide a basis for planning and optimising maintenance, dry-docking and equipment upgrades and replacements. It thus helps to improve fleet-wide reliability and availability, both of which are crucial in today’s competitive market. If used in the right way, it can also help predict or diagnose equipment failure, minimising unplanned downtime.

Your journey to create business value from your data begins with understanding the power of data and its potential to transform the way you manage your assets and the way you do business. In our intensive familiarisation workshops, our specialists provide initial facilitation, advice and support to help you get the process under way.

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

DEFINING YOUR DATA STRATEGY A robust, practical plan for achieving your desired technical, operational and commercial outcomes.

The biggest challenge associated with data and connected assets is knowing how to turn the theoretical benefits into commercial and operational value. Through our agile and innovation-driven approach, we will work with you to develop a robust, practical strategy and help you achieve your desired business outcomes.

in terms of cost savings, improved efficiency or safety.

Once you know where you want to be, we can help you assess the data you have and what additional data you need, then suggest practical approaches and next steps (particularly piloting solutions). After these steps, we can show you how to scale up through your operations.

We’ll help you to identify your overall digital vision and business objectives and we will then examine how data can ensure you achieve them, whether

We will also assist you in assessing where you stand and where you could be in relation to your competitors, using LR’s unique breadth and depth

of industry knowledge and data gathered from thousands of ship inspections, incident reports and other sources.

The strategy will look at the implementation possibilities, from data integration through to visualisation. We’ll also consider a range of analytics approaches and tools, ranging from descriptive to diagnostic and predictive (such as machine learning algorithms).

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

ENABLING DATA ANALYTICS Providing a powerful, scalable platform and using data analytics to derive actionable insights.

To capitalise on your growing data resources and use them effectively, you need robust, secure technologies and tools that can be scaled up to meet future requirements.

Our marine analytics capabilities are built around the LR Connected Assets Big Data Platform – an industrial-grade, cloud-based internet of things (IoT) solution powered by our partner, QiO Technologies.

This platform allows you to gather and store both historical and real-time data from assets, and combine this with data from elsewhere within your business and from external sources (such as weather and tide data).

The platform uses advanced analytics and machine learning algorithms to extract and visualise insights,

enabling you to make the most of the performance and efficiency benefits offered by data from your assets. The platform is highly scalable, so you can quickly extend from individual vessels and offshore assets to your entire fleet. It runs securely in the cloud; for increased peace of mind, we also offer an edge-cloud solution isolated from the internet for use on individual vessels and assets. At all times, you retain complete control and sovereignty over your data.

The platform is at the heart of our growing suite of analytics tools, including RTAMO and Axxim.

Through a range of technology and innovation partnerships, we’re able to rapidly develop bespoke applications using cutting-edge technologies and tools.

And, as a leading classification society, we can also draw on our unique industry-scale data sets and models, as well as our in-depth knowledge of components, procedures, rules and regulations.

As your assets and fleet become more cyber-enabled, so security becomes increasingly critical. We can offer a complete range of cyber security services to assess your existing preparedness in the event of a cyber attack, and help you develop robust, practical risk management and response strategies to ensure business continuity.

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

PROVING VALUE Piloting solutions and demonstrating the benefits of data.

Whether you are just starting your digital journey or are already on your way, we know that the opportunities created by increasing the use of data differ from business to business. Through piloting, we translate our technical and engineering knowledge and core competencies in risk management into data and digital technology. It’s important to note that the data we work with is, and always remains, securely hosted and owned by you.

Our marine analytics services are supported by bestin-class agile digital innovation methodologies. These enable our pilot projects to deliver results in weeks, rather than the months usually associated with

traditional software development and implementation.

Our approach is based on innovation and co-creation and we work with you to develop tailor-made pilot solutions that meet your exact requirements. Through our dedicated Rapid Application Development team, we can quickly produce prototypes based on proven technologies that will test how these solutions can bring you real bottom-line benefits. This stage is also a crucial opportunity to learn, refine and evolve your strategy, helping to reduce risk and keep the project on track.

We have our own in-house, industrial-grade software development team with proven experience of strengthening, testing and rolling out applications.

We also work with a range of technical partners to help us scale and deploy solutions.

We see marine analytics as a journey, and we understand that you will want to customise or enhance applications as they’re rolled out in assets and across your fleet. We’re here to empower you in this process, providing the precise type and level of support you need, wherever and whenever you need it.

While piloting solutions with you, we will keep deployment and scaling up firmly in focus.

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

DEPLOYMENT Working with you to scale from pilots to fully functional real-world solutions across your business.

Once you have identified the value in your data and proved through piloting that your solution can deliver it, the deployment phase sees your strategy become an operational reality across your business. In this stage, we help you deploy your solution across your assets, fleet and entire business, or scale it up step by step as your operational and commercial needs evolve.

This scaling is also enabled by our LR Connected Assets Big Data Platform. The platform is designed to make

switching from small-scale pilots to a fully functional solution quick, simple and secure. To ensure the transition takes place smoothly, our technical specialists will work with you throughout, making sure your solution and data collection infrastructure are fully functional, secure and compliant.

But scaling is not just about the technology. We’ll provide advice and assistance with any required changes to operational procedures and processes;

we can also identify and address relevant training needs among your ship and shore staff. This full range of support allows you to start using the platform and realising the operational and commercial benefits of data quickly and with complete confidence.

Once the solution is up and running, we will provide 24/7 support and have a range of options to help you adapt the solution as your needs evolve.

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

OPTIONS FOR REALISING VALUE Specifying and building the right marine analytics solution to meet your business needs.

We have a range of piloting and deployment options for our Connected Assets Big Data Platform and marine analytics solutions.

The first stage is to select your platform technology.

If you already have a legacy data platform – built either in-house or by a third-party provider – we can either look at deploying our analytics solutions on it or we can stream data and develop the solution on our platform for state-of-the-art performance and flexibility. Alternatively, we can deploy our platform as the foundation of your solution, integrate data from your assets and enterprise systems, and then deploy our analytics solutions on this.

Our big data platform is available in two options: fully cloud-based, where your data is kept private

and secure and your application is accessible from any location in the world; or as a stand-alone edge cloud, which can be installed on ships and can run applications in isolation from the internet, thus delivering insights directly to the crew. There’s also the option of a combined solution, where the edge cloud on the ship can connect to the cloud for increased flexibility and a range of applications.

Depending on your needs, we can either use the analytics tools and products we have available (such as RTAMO or Axxim) or apply the same agile, co-creation approach we use in piloting to develop a bespoke solution. We can work with you to evaluate how deep you need to go in terms of monitoring, analysing and managing your chosen operations, functions and systems. To achieve this, we would use our extensive

knowledge of asset models, industry-level data sets and new analytics capabilities, employing algorithms that range from descriptive and diagnostic and model-based or data-driven all the way to machine learning approaches that can continuously evolve.

Whichever approach you choose, we can help you ensure you are cyber secure. The cyber security landscape constantly shifts as new threats and countermeasures emerge and the regulatory framework is adjusted to reflect current and future needs. We offer a range of services that constantly evolve in line with developments. By working closely together, we can ensure your strategy and safeguards remain relevant, robust and up to date at all times.

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

CONTINUOUS IMPROVEMENT A long-term partnership that keeps your solution relevant, reliable and secure.

Gathering, analysing and using data to make decisions is the new reality for the marine and offshore industries.

The direction of travel is clear and, as with all new technologies, the pace of change will only accelerate in the future. So the question is not really if you’re planning to deploy data analytics within your business, but when. And wherever you are in the process, we’re here to help.

That includes once you have a fully operational solution. We won’t complete the solution and walk

away; we can stay with you for as long as you need us as a trusted, long-term partner. Data, technology, regulation and the commercial environment are constantly changing, so we’ll work with you to continuously improve, adapt and develop your individual solution to meet new requirements and conditions. As we have throughout the journey, we’ll co-create with you new and enhanced features, ensuring you get exactly what you need efficiently and effectively.

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INTRODUCTION

POWER & POTENTIAL OF YOUR DATA

DEFINING YOUR DATA STRATEGY

ENABLING DATA ANALYTICS

PROVING VALUE

OUR WIDER CAPABILITY One constant, wherever and whenever you need us.

DEPLOYMENT

OPTIONS FOR REALISING VALUE

CONTINUOUS IMPROVEMENT

OUR WIDER CAPABILITY

Marine & Offshore operational areas

LR’s network of 300 national and regional offices, spread across six operating areas, puts our customers around the world first, giving you access to our advice and expert service delivery from Åalesund to Zhoushan.

And wherever you are, you can be confident that our entire team of over 8,000 specialists is never more than a phone call or email away.

Map key North Asia South Asia & Middle East South Europe North Europe UK&I Americas

LR’s six operating areas

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Adding value at every stage.

Innovation

Design

Build and commissioning

Operation

Life extension

Decommissioning and recycling

We are conducting worldclass research and development into design, construction and operation for the next 20 years and beyond.

If you are developing novel technology, we can qualify its compliance and performance, helping you attract investment, prove your business case and find a route to market.

At the design stage, our appraisal services and software give you confidence that your asset will comply with all class and statutory requirements. And we can work with you to optimise your design so it achieves the best possible performance and return on investment.

At the build and commissioning stage, we help you ensure that assets are delivered to meet all contractual requirements.

In-service, we help you keep your assets compliant, safe and performing reliably, helping you deliver business as usual and minimise downtime.

We can help you best manage the operational life of your assets. By assessing their condition, we provide you and your clients with assurance of their integrity. We can also work with you to extend the life of your assets.

At the end of your asset’s life, our services help you comply with recycling requirements and provide added confidence in a safe and sustainable decommissioning process.

And we help you make the right decisions when investing in designs and technologies.

And we can help you implement the latest technologies, and understand what return on investment to expect, so that you can increase performance and be more competitive in the market.

In line with your business needs, we can identify any remedial work or renovations that are required.

Contact us to discuss how we can pilot a data and digital solution to deliver additional value and efficiency from your assets.

Contact us by e-mail at marine.analytics@lr.org 21

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info.lr.org/cyber

April 2017 Lloyd’s Register and variants of it are trading names of Lloyd’s Register Group Limited, its subsidiaries and affiliates.

Copyright © Lloyd’s Register Group Limited. 2017. A member of the Lloyd’s Register group.

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