ioCurrents Popularity Leads to Global Expansion
Leading data analytics experts at ioCurrents have recently experienced an overwhelming increase in interest for their edge computing platform MarineInsight™.
Designed to provide ship owners and charterers with meaningful insights into vessel fuel consumption, parts failure predictions and condition-based maintenance planning, the company’s proprietary platform uses AI and machine learning to analyse data from different sensors around a vessel to provide clear and concise actionable results.
Digitalisation has really been embraced by the maritime industry as it recognises the efficiency gains that can result from switching manual processes and procedures to online. This move has accelerated even further of late due to the pandemic but the industry lacks many of the skills required to benefit from certain digital innovations such as processing and analysing the huge amounts of data that vessels can generate. Therefore the expertise of ioCurrents has been in great demand so much so that the company has recently set up an EMEA division headed up by Toby Harris.
Toby has a wealth of experience in ship brokering and chartering having worked for Tokyo Marine (Europe Ltd) and the Kennedy Marr Group. Most recently he was Sales Manager at Ericom Software where he specialised in advising clients about cyber security threats.
Based in London, Toby has been focused on winning business in the offshore sector where demand for ever increasing reporting accuracy, especially regarding fuel consumption, has been paramount.
Commenting on his appointment Toby said, “Since joining ioCurrents I’ve not had a minute to spare. The new decarbonisation regulations coming into force means that charterers are under pressure to reduce fuel emissions by up to 80% so having accurate dashboards that can produce reports in real-time is an absolute must.”
“ ioCurrents has the right capabilities to help provide the most up to date information so charterers can view the results and make instant improvements in consultation with vessel owners. Fuel emission reduction and parts failure predictions saves both time and money by reducing the amount of vessel off-hires, leading to greater operational efficiencies,” he continued.
“We’re so pleased to have Toby on board and I’d like to welcome him to the company. His wealth of experience in the chartering and brokering sectors will be a great asset as we expand into Europe. He can demonstrate how ioCurrents can provide the answers for these markets to enable them to function more efficiently and comply with all necessary maritime regulations,” said Jesse Brink, ioCurrents CEO.