February 24, 2024

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New Zealand: Innovation Nation for Marine Technology

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The ocean has been a natural playground for generations of New Zealanders. New Zealanders are true marine enthusiasts, with over a third of the population participating in boating each year, combined with our undeniable love for the sea.

With the rising tides of technology, the maritime landscape is changing. The emerging trends are the result of necessity. Shipbuilding, propulsion, smart shipping, advanced materials, big data and analytics, robotics, sensors, and communications, combined with an increasingly skilled workforce, are all causing seismic shifts in how the maritime industry is approaching new challenges and opportunities.

For the 37th America’s Cup, one of the marine companies in New Zealand had recently developed a hydrogen-powered chase boat. This would also apply to the 20+ event and race support boats, which will have a significant impact on the event’s consumption of fossil fuels.

The company had included deployed an IT addition – an artificial intelligence (AI) sailor bot which became in effect a virtual sailor. It did vital work on the computer simulator on which the team New Zealand’s winning hydrofoil designs were rigorously tested and proven.

The AI bot simulator was built to help the sailors train before the game. It was also used to run tests on the hydrofoil to see if they worked on the simulator before deploying them on the boat. The final outcome was that the hydrofoil tested on the simulator worked well on water.

AI adoption is increasing in most industries, but capabilities vary. Logistics is beginning to become an AI-driven industry. With the use of AI, there is an excellent potential to improve the maritime industry through quality and speed by eliminating mundane and routine tasks. Some of the most notable advantages of AI in the shipping industry include, but are not limited to, improved decision-making analytics, automation, safety, route optimisation, and increased efficiencies.

The trend of using data as a tool to learn from the past can help to improve decision-making in the future. Data collection via digitalisation has become the most important aspect of the fourth industrial revolution. It has been accompanied by breakthroughs in communication technology that connect vessel operations to global networking. In such an environment cloud computing is becoming the backbone and many important steps have been taken to employ the cloud-based management system to further aid the next generation technological revolution.

Further, as the shipping sector is moving towards automation at a very rapid pace, cloud-based management systems are going to be a significant asset at the operational level. Apart from monitoring shipbuilding projects, cloud computing is being used for autonomous ships.

Autonomous ships will be more than just vessels. They could be data centres transmitting massive amounts of data from various sources such as automatic identification systems, radar and other onboard systems. With so much data flowing at such a high rate, cloud becomes an important element for its management and analysis.

A report indicated that the global maritime analytics market was worth $894.28 million in 2019 and is expected to be worth $1,833.50 million by 2027, expanding at a CAGR of 10.0% between 2020 and 2027. The report focuses on the key factors driving market growth, as well as prominent market players and their recent developments.

The industry’s future will be digital, without a doubt. For a long time, the digital evolution has been shaping the marine industry, and it will undoubtedly continue to do so. Shipping companies, both onshore and offshore, will need to digitalise their operations as much as possible in order to operate more efficiently and profitably.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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