High ROI from investment in data
The statement is not made by us even if it about Raa Labs. It was made by Lasse Kristoffersen, the CEO of Wallenius Wilhelmsen, the world´s leading RoRo carrier, in a recent Tradewinds article. In the article, Kristoffersen highlights the importance vessel data has for Wallenius Wilhelmsen´s efforts to reduce cost and emissions. He also emphasizes how using RaaEDGE as the digital foundation across the company´s fleet has given them the scalable platform they need to realise significant savings and improvements.
Wallenius Wilhelmsen has long been a believer in vessel data. They were an early adopter of connecting vessels, using RaaEDGE to get an advanced vessel IOT platform onboard. But despite the recent successes, the initial use cases and their pay off was somewhat unclear in the beginning.
“In 2018, this was unknown territory,” Wallenius Wilhelmsen’s SVP of Marine Operations, Geir Fagerheim explains, "but our management has been patient and willing to spend a lot of money on building up an infrastructure without knowing exactly how it would be used in the end.”
Now, a few years later, it has become evident that this not only pays off, it offers very attractive returns for the company. A press release from Wallenius Wilhelmsen earlier this fall highlighted an estimated 7% fuel savings from utilizing a performance solution from DeepSea.AI, based on vessel data provided through RaaEDGE. Reducing 7% of the fuel consumption represents a staggering 52 USDM annually, making the business case for vessel data highly attractive.
But it doesn’t stop here. Forward-leaning companies like Wallenius Wilhelmsen are leading the way, continuously thinking ahead and testing out new ways of leveraging their vessel data to improve the way their fleet is managed and operated. With RaaEDGE they have complete freedom and control over their data and can use it for many different purposes and use cases. At the same time, they can remain assured that both the quality and the reliability of the data stream is there.
Seeing how our RaaEDGE vessel IOT platform can have immense impact puts things into perspective, and the journey has only begun. Get in touch to learn more about how RaaEDGE can help you realize your potential.
You might also be interested in these articles: