Opsealog has published a new white paper that underscores the urgent need for data standardisation in offshore sector.
Analysing ongoing industry initiatives in the marine offshore sector, the report found that data standards can play a central role beyond reporting requirements under IMO and EU regulations and will be essential to maximise the value delivered by onboard digitalisation to boost operational and environmental performance.
Titled “Creating Value from Data Standardisation”, the white paper calls for the development and implementation of data standards as a much-needed revolution, comparable to how the shipping container transformed cargo handling in the 1950s. It lays out how this change is already under way through industry initiatives such as the Smart Maritime Council and Energy LEAP, which have both made strides in creating standardised datasets for vessel reporting and emissions tracking, respectively.
Despite these early examples of progress, the research describes persisting fragmentation as a key obstacle, with much of the data currently collected in the shipping and offshore sector not currently creating value due to a lack of standardisation. It also identifies the need for common formats as critical to reducing seafarer workloads amid growing reporting requirements.
The report also highlights how a more standardised data environment is an opportunity to bring about a new level of transparency between owners and charterers that will change the bidding process, support the monitoring of contractual obligations, and improve conflict resolution. Furthermore, as companies face increasing pressure to report their environmental, social, and governance (ESG) performance, unified reporting standards will provide the tools needed to meet these demands efficiently and effectively.
Arnaud Dianoux, Founder and Managing Director at Opsealog, said, “Data standardisation is about more than compliance: it is an essential baseline for the industry to fully harness the power of digitalisation. Just as English is the international language of shipping and trade that enables people from all over the world to communicate and collaborate, data standards can become the international language of digital communication and collaboration.”
Download the report: Creating Value from Data Standardisation