As the maritime industry sails into the digital era, the Internet of Things (IoT) has emerged as a potential game-changer. Initially, it focused on basic navigational tracking and monitoring, with Automatic Identification Systems (AIS). However, with access to improved technology, IoT now plays a crucial role in 'smart shipping’ enabling shipping companies to embrace methods of high-frequency data (HFD) collection.

HFD provides continuous updates on vessel performance based on sensor-collected data. Because of its frequency, HFD data is far richer and more granular than the data currently available on most vessels. This level of detail optimises operations, enhances safety and improves efficiency.

See below: The Big Data Value Chain (Curry et al. 2014)