Unlocking the potential of big data

21 Feb 2017
The Veracity industry data platform is designed to help companies improve data quality and manage its use

The Veracity industry data platform is designed to help companies improve data quality and manage its use

DNV GL is launching a new industry data platform to help the maritime industry improve its profitability and explore new business models through digitalisation.

The Veracity industry data platform is designed to help companies improve data quality and manage its use in order to improve ship performance and safety, while reducing operational costs.

“As a classification society it is vital for us to always be exploring ways we can help our industry to leverage new technologies to improve the safety and productivity of their assets,” said Knut Ørbeck-Nilssen, CEO DNV GL – Maritime.

“Today that means being out in front of digitalisation and the vast amount of data being produced and gathered on vessels by advanced sensor technology and interconnected systems.”

He pointed out that the platform will also offer controlled access to DNV GL or other providers to run analytics on the data. This means that individual data sets can be enriched with other, industry wide data sets, providing benchmarks, new and richer insights and analytics.

One area where the maritime industry could benefit from the Veracity data platform could include documenting compliance of main onboard machinery and systems through predictive analytics, removing the need for calendar based inspections.

In one of DNV GL's first pilot projects a drilling operator embarked on a project to explore predictive analytics with a components vendor and an analytics services company.

Working with DNV GL to see if this approach could gain class approval, an analysis of the data revealed severe quality issues that none of the partners were previously aware of.

A key learning from the project was that it demonstrated the need for continuous data management and quality assurance.

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