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Greek owners lagging behind on adoption of IoT: Inmarsat report

Shipowners are set to spend an average of $2.5m on Internet of Things (IoT) solutions over the next three years based on the findings of the ‘Industrial IoT: Maritime’ report commissioned by Inmarsat. Presenting the report, Stein Oro, vp of application sales for Inmarsat said it showed that of 125 maritime respondents 65% were already using IoT solutions to monitor fuel consumption rising to 100% by 2023.

The report covered a wide range of owners in terms of fleet size with 25 from Greece, 20 from Japan and 15 from Germany. Japanese companies were the leaders in terms of adoption of IoT. “Respondents suggest their average expenditure per business on IoT-based solutions will amount to $2.5m over the next three years,” said Oro. Greek owners remain conservative on investing in IoT and the report showed their investment over the next three years was 10% below the average. While three-quarters plan to fully deploy IoT over the next 18 months, for Greek owners it was just 40%.
Source: Posidonia Events

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