This partnership looks to provide solutions that will help drive reductions in greenhouse gas emissions and cut operating costs.
A more accurate picture, thanks to machine learning
The i4 Insight Platform allows shipowners, operators and charterers to easily access insights into performance and fuel consumption across all ships in their fleet. The addition of GreenSteam’s advanced machine learning technology means platform users will have a more accurate picture of the leading contributors to excessive fuel consumption as well as access to actionable recommendations on how to optimise fleet performance.
Given the sheer volume of performance data available, machine learning is needed to make sense of complex factors impacting vessel performance to help ensure operational efficiency.
Ability to analyze data from thousands of vessels
GreenSteam was one of the first companies to apply machine learning to vessel performance data and its system can analyse data from thousands of ships, continually learning, adapting and updating what it knows about each one.
'An in-depth, data-driven approach to understanding and acting on fuel consumption has never been more necessary for the industry,' according to Shaun Gray, executive chairman of GreenSteam.
'Unlike traditional analytic approaches that fail to use and model 90% of performance data, by using machine learning, GreenSteam includes all ship performance data in its models to deliver insights other standard methodologies just cannot see,' he continued.
Integrated products and services to drive efficiency
'Partnership is an integral component of our success, which is why we created the i4 Alliance comprised of leading maritime industry partners across the globe,' said Joel Meltzner, CEO of i4 Insight, a Lloyd’s Register company. 'The goal is to provide an integrated set of products and services that help companies drive increased efficiency into their operations.'
i4 Insight was impressed with GreenStream’s expertise in machine learning-based analysis, Meltzner said, adding: 'We look forward to providing this integrated offering and contributing to the shift towards a more sustainable shipping industry.'