The maritime industry is one of the most valuable sectors for the British - and indeed world - economy. As an island nation, our centuries of success have bloomed because of our aptitude for sea-faring travel and trade. From the age of exploration to modern-day global routes of trade, Britain has been at the forefront of pelagic travel. However, today, there is one thing above nearly all else which can scupper nautical trading success: vessel downtime. When ships don’t sail, the economic impact can be huge. To combat this issue, mobile application developers have worked on predictive maintenance services.
The Economic Importance of The Maritime Industry
Before we get into why predictive maintenance technology can improve the maritime industry, it’s worth discussing the sector’s importance. A report published by the UK Maritime Sector indicated that as much as 95% of all UK trade is facilitated by the maritime industry. This makes maritime trade more significant than both the aerospace and automotive industries. In fact, the maritime industry supported an astonishing £46.1 billion to the UK’s GVA in 2017.
With this economic significance in mind, it’s vital that efficiency is as high as possible across the entire industry. One of the best ways to ensure that vessels continue to sail and contribute to our prosperity is via predictive maintenance.
Predictive Maintenance and Its Value
In most cases, maintenance schedules are determined by a set of estimates and values depending on the information available. This means that full-functioning parts may be replaced and vessels may be docked unnecessarily for repairs they don’t require. Of course, this leads to valuable losses in terms of time, equipment and capital.
Predictive maintenance services completely void the need for these inefficiencies. This technology analyses data collected by innovative monitoring systems which will more accurately predict when repairs are required. By being able to forecast when a piece of machinery or equipment needs replacing, time and money can be saved.
Smart vessels can utilise predictive maintenance data to inform shipping companies that there is an issue onboard. Some systems may even be able to book a space at a dock and order the required parts. This information will ensure that downtime at a dock can be reduced even further. With downtime being such an issue for the maritime industry, predictive maintenance technology is a transformative development.
My Oxygen: Helping The Maritime Industry With IoT-Based Systems Including Predictive Maintenance
Here at My Oxygen, we have experience providing technology solutions for the maritime industry. The apps we’ve built can improve the efficiency of vessel maintenance, increase safety and reduce cost. As well as the maritime industry, we’ve also worked with the Ministry of Defence to explore ways in which mobile applications and technologies can be used within the Royal Navy.