ShipNet has launched a new data analytics tool, Analytics SE, which quickly and efficiently transforms data into insight, providing the user with greater understanding on vessel performance.

Developing analytics to obtain insights around vessel performance can be expensive and complex, and often data analysts are not available to provide the required insight immediately. Analytics SE aims to enable better management of information and provide insight on vessel performance to drive strategic planning, deliver tactical value, and create competitive advantage.

Comprising dashboards within ShipNetOne, Analytics SE shows the user how changes they make to their organisation are viewed against a baseline of historical practice. Most businesses have valuable data lost in operational systems, but no integrated way of managing and displaying that information. With over 100 standard dashboards immediately available, Analytics SE enables the user to identify areas of strategic interest, establish quickly and easily performance over time, and observe changes in performance in real-time as the impacts of strategic change are realised. This means that ROI and benefits can be identified and measured as they happen, taking the guesswork out of managing major change.

Analytics SE also helps deliver tactical value, which can be as simple as identifying where best practice already exists through comparative analysis. If one ship consistently outperforms its sisters in terms of fuel economy, this can be easily seen through analytics and efforts to replicate that success (and multiply the savings) can begin.

Using dashboards allows further tweaks to be implemented without recourse to external consultancy. That dashboard can also be seen by non-ShipNet users via the Analytics WebApp, meaning analysis, mariners, or even chartering partners can also see the same data, and engage in meaningful conversation to improve business outcomes.

ShipNet’s Analytics SE tool can be used on any device in any location. This provides the user with the ability to quickly access information on vessel performance, even while they are away from their desk.