Regular updates on breaking news across the data and analytics industry. Daily stories on end-user adoption, industry research, regulation and the economic impact of data
Profiles, features and insights on the key trends, leaders, emerging stars and best practices within data, analytics and data science, originated by DataIQ and our partners
Research-led insight and guidance into the use, adoption and impact of data and analytics across organisations and the changing nature of consumer trust and participation in the data-value exchange
DataIQ conferences provide a industry-leading platform to learn from the leading practitioners and inspirational leaders across the data and analytics industry.
Our workshop programme develops the soft skills of data, analytics and insight practitioners so they take data and analytics out into their organisations effectively.
DataIQ works with some of the leading providers of data and analytics technology and services. If you have a project coming up, make this your first port of call.
Regular updates on breaking news across the data and analytics industry. Daily stories on end-user adoption, industry research, regulation and the economic impact of data
Profiles, features and insights on the key trends, leaders, emerging stars and best practices within data, analytics and data science, originated by DataIQ and our partners
Research-led insight and guidance into the use, adoption and impact of data and analytics across organisations and the changing nature of consumer trust and participation in the data-value exchange
DataIQ conferences provide a industry-leading platform to learn from the leading practitioners and inspirational leaders across the data and analytics industry.
Our workshop programme develops the soft skills of data, analytics and insight practitioners so they take data and analytics out into their organisations effectively.
DataIQ works with some of the leading providers of data and analytics technology and services. If you have a project coming up, make this your first port of call.
Supertanker prediction, the Gregario analytics team
Who are they?
The Gregario analytics team is part of DataTalk, a provider of business information analytics to develop and improve communications with customers, prospects and employees. It brings statistical techniques to bear on data to identify key features and actionable insights.
What did they do?
The largest private global shipping broker of bulk cargo commissioned DataTalk to apply data science to the prediction of global bulk shipping movements for 784 supertankers across a six-month period. Carrying crude or refined oil, the daily movement of these vessels has an opportunity cost of £500,000.
Using location data which is manually transmitted by each ship every two hours, triangulation allows for latitude and longitude to be calculated, with depth, bearing, destination and expected arrival time added manually. With some $400 million-worth of cargo on-board, any unexpected changes in direction can be important for markets and future trades.
An agent-based modelling approach for each vessel was applied to allow for anticipation of market trends as well as geo-political events. This allowed for the detection of flows of oil from the USA as a result of shale gas exploration as well as the return of deep drilling in the Gulf to be identified. The project proved a potential $1 billion improvement in market efficiency from the use of arrival time predictions from data science, rather than manual calculations.
What did the judges say?
Oil is the new data! A major proof-of-concept that could have a huge pay-off. Impressive work.
To see the entire list of winners and finalists, click here.
Marketplace for driving data, wejo, is connecting those that have it with those who need it. The company states that by joining up supply and demand, it is helping to save lives, reduce congestion and emissions, and create a better all-round driving experience. Toni Sekinah hears from wejo’s Steve Pimblett.
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