DNV GL’s new Veracity industry platform unlocks the potential of big data
DNV GL is launching a new industry data platform – “Veracity” – to help the maritime industry improve its profitability and explore new business models through digitalization, the company said in its press release. The Veracity industry data platform is designed to help companies improve data quality and manage the ownership, security, sharing and use of data. By creating frictionless connections between data owners and users, the platform will create new opportunities for improving ship performance and safety, while at the same time reducing operational costs.
One area where the maritime industry can benefit from the Veracity data platform could be allowing DNV GL’s maritime customers to document compliance of main onboard machinery and systems through predictive analytics, removing the need for calendar based inspections. In one of DNV GL's first pilot projects a drilling operator embarked on a project to explore predictive analytics with a components vendor and an analytics services company. Working with DNV GL to see if this approach could gain class approval, an analysis of the data revealed severe quality issues that none of the partners were previously aware of. Once the data was quality assured, machine learning algorithms could be applied to the data with success. A key learning from the project was that it demonstrated the need for continuous data management and quality assurance to reap the benefits of a data driven approach.
DNV GL has more than 150 years of experience in being a trusted custodian of customers’ asset and performance data. Veracity, being built in collaboration with Microsoft Azure and other leading companies, is bringing this role forward in the digitalization of the industries DNV GL serves.
DNV GL is developing the platform by working together with several industry leaders on big data projects in pursuit of reduced downtime, improved safety, predictive maintenance, performance forecasting, energy efficiency and real-time risk management.
About DNV GL
DNV GL provides classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas and energy industries. DNV GL also provides certification services to customers across a wide range of industries.
About DNV GL – Maritime
DNV GL is the world’s leading classification society and a recognized advisor for the maritime industry.