Across all sectors and industries, the amount of data that companies and business are collecting today has surpassed their ability to actually analyse it and make sense of it. Augmented Analytics is the process through which machine intelligence and machine learning are deployed to increase efficiency, optimise operations, and ultimately make better, more informed decisions.
How is this done exactly? And does this process apply to maritime software too?
Let us begin by saying that Augmented Analytics improves human-machine interaction by providing real-time access to relevant insight and allowing data consumers to (partly) personalise their queries. In maritime settings, Augmented Analytics enables data consumers to truly understand what the dashboard is telling them and alerts them when there are significant deviations in the data, without forcing them to dig deep into the data themselves.
Besides driving the extraction of meaningful information from large datasets, Augmented Analytics grants much faster access to in-depth analysis of complex behaviours in a great variety of contexts. Engine temperature, for instance, can be instantly contextualized taking into account all the relevant variables that may affect it and adding a layer of meaning to the raw data. Based on Data Fusion and Data Contextualization, Augmented Analytics is therefore capable of providing accurate and autonomous monitoring of operations and reliable estimates of future events (e.g., machinery maintenance or ETA).
To sum up, AA's workflow can be seen as divided into three interacting processes: Data preparation, Pattern-finding and Model-building, and Data-sharing and operationalization.
This is where the real value of our innovation is to be found, in how data is almost instantaneously translated into open and actionable information, regardless of the type of source, and embedded in easily accessible applications that can be used to ask and answer questions.
Empowering all stakeholders across the organization bears immediate and tangible benefits. Officers enjoy a new level of freedom from paperwork and menial documentation, owners and managers can improve their businesses and operations based on unbiased, accurate, and reliable facts.