Data-driven Decisions
Data-driven decisions refer to the process of making decisions based on data analysis and interpretation. In the maritime context, data-driven decisions can be used to optimize vessel performance, improve safety, and reduce costs. This involves collecting and analyzing data from various sources such as vessel sensors, weather forecasts, and historical data to identify patterns and trends. By using this information, maritime professionals can make informed decisions that can lead to improved operational efficiency, reduced downtime, and increased profitability. Data-driven decisions are becoming increasingly important in the maritime industry as technology advances and the amount of available data continues to grow.
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News Source: ABC News on 2024-11-20
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