25 September 2016

20 Mar 2014

Big or bust?


The Lloyd’s Register Foundation (LRF), the charity that owns Lloyd’s Register, has staged a forum on the impact and application of big data, a phenomenon that holds great sway over the superyacht industry as the complexity of projects surges.

The forum, led by LRF’s Professor Richard Clegg and Sir Mark Walport, the UK's government chief scientific advisor, and guest speakers Professor Sir Nigel Shadbolt of Southampton University, and Dermot Joyce, CEO of Liberata, opened the debate with a review of the challenges and opportunities created by big data.

A number of key themes surfaced during the debate - data privacy and security; the impact of big data on the resilience of supply chains; the education and skills needed to capitalise on opportunities; applications of crowd-sourced data; open data standards and the need for effective curation, persistence & migration of data; and how businesses which fail to adapt will face competition from niche organisations outside of their traditional competition base.

A panel that included Mr Alan Walker, head of policy at the Royal Academy of Engineering, also highlighted the pivotal role that big data will begin to play in the ‘maintenance of built environments’ such as superyachts.

This was a theme that had been discussed at the Royal Academy a week beforehand, when Iridium’s VP of Americas & Global M2M services, David Wigglesworth said that big data is emerging as the new mechanism for fleet management. Its analysis, Wigglesworth said, can identify the methodologies, processes and applications that produce high economic returns or save on costs.

As Wigglesworth relayed to the audience, IBM’s CEO, Virginia Rometty believes these capabilities position big data at the “predictive stage” but the savvy businesses are already working towards the “prescriptive stage”, where big data will produce systems and networks that are semi-autonomous. One can already envisage the myriad benefits this would afford a superyacht’s operation and maintenance.

And the potential to harness data in order to provide more effective management of refit projects was top of the agenda at the recent ICOMIA Refit Group meeting in Nice. In its attempts to standardise the arbitrary process of refit worklist formulation and costing, the group is attempting to develop a universal means of submitting information of required work that can be consumed by yards in the same fashion.

If this data-centric project, which would universalise the coding for specific works, succeeds it will, in the words of Astilleros de Mallorca’s Stefan Enders, who attended the event, “permeate every level of the refit sector.”

Profile links

Lloyd's Register EMEA

Iridium Satellite LLC


Astilleros de Mallorca


Add a comment

1800 character limit

Having problems? Let us know editor@superyachtnews.com

Other Events News

PYA charges seminar fee for non-members at Monaco Yacht Show

For the first time, the Professional Yachting Association (PYA) is charging non-PYA members to attend its headline Sea Changes Forum at the Monaco Yacht Show. More

Out of this world keynotes at GSF

The Global Superyacht Forum will see Frank Salzgeber from the European Space Agency take to the stage to discuss innovative technology. More

New programme features for GSF

Interactive workshops return at the Global Superyacht Forum - but with a twist - ensuring there are even more opportunities for delegates to share their opinions. More

Made Smart in Amsterdam

This year’s Global Superyacht Forum will focus on smart solutions for our industry. What are the problems in our market? How can we work together to move our industry forward? More

events News Archive

Most Recent Comments

  1. MTU to exhibit new Series 4000 Yacht Diesel engine More
  2. SuperyachtDESIGN Week 2016: Editor's Pick More
  3. The perfect balance of CEOs and technical insight More
  4. Craig Cunningham shows cruising catamaran concept at Monaco More
  5. Reflections on the Palma Yacht Show More
SuperyachtNews app available now. Click here to download.
The Superyacht Intelligence Annual Report is out now. Subscribe today and access your digital copy instantly. Subscribe now.


Get regular updates from SuperyachtNews with our weekly Email Newsletter.



Latest Premium Listings

Cummins Inc.

Cummins Inc.

Nlightened Software Ltd

Nlightened Software Ltd

Cogs 4 Cancer

Cogs 4 Cancer

Zytexx International Ltd

Zytexx International Ltd

Melita Marine Group

Melita Marine Group

Raytheon Anschuetz

Raytheon Anschuetz

Kahlenberg Industries, Inc.

Kahlenberg Industries, Inc.

Directory. Add your logo here with a premium listing.

Featured Listings

Shore Power Convertors

Atlas Marine Systems, the world leader in the design of marine electrical power systems, offers a full range of engineering services necessary to define the onboard electrical distribution system or simply the application of the Atlas power conversion products.

Tenders & Toys

Superyacht Tenders & Toys
Superyacht Tenders & Toys have a high level of expertise in providing new build and custom tenders, chase boats, RIBs & all popular yacht toys. With an unrivalled global service network, maintaining a personal & bespoke service, wherever you are in the world, Superyacht Tenders & Toys can help.

Engine Room, HVAC & Refrigeration

ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.

Electrics, Environmental Solutions, Propellers & Propulsion, Software, Training

ABB Marine and Ports
ABB is a leading supplier of electrical power and propulsion systems for ships. We provide innovative, safe and environmentally-friendly solutions and qualified services worldwide. Our Azipod® propulsion has proven its efficiency and reliability on yacht vessels with its ultimate silent and ecological solution.

Water Treatment & Watermakers

Jets Vacuum AS
Jets Vacuum has for over 30 years been the leading innovator in vacuum sanitation technology. With over 11,000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class world wide service

Navigation, Satellite Communication, Security

Raytheon Anschuetz
Integrated Navigation Systems based on state-of-the-art technology and decades of experience in the superyacht industry. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.

Paint & Protection

WREDE Consulting is an independent paint consultant and paint surveyor company who has worked for most of the 200 largest yachts worldwide in coating, paintwork and equipment areas. WREDE Consulting engages in quality management and objective quality assessment for the coating of mega- and superyachts. www.wrede-consulting.com

Satellite Communication

Marlink AS
Marlink offers seasonal, flexible contracts to match regional sailing requirements. Through our dedicated account managers & customer services, we develop personal relationships with customers & drive innovations to develop digital solutions & smart applications that take you beyond just connectivity.

Add your company listing here

Add a featured listing here and your advert will appear on every page of SuperyachtNews.com, SuperyachtIndex.com, TheSuperyachtReport.com and TheCrewReport.com.

Add my company listing