Shipping Data Use Case
Solving Data Standardization Challenges in International Shipping
I recently spoke with a leading International Shipping company. Here’s what we learned:
Key Takeaways:
- The Need for Comprehensive Tools in Commercial Ship Chartering: This company offers a suite of interactive, web-based tools and for commercial ship chartering activities, serving thousands of users globally.
- Challenges in Standardizing Shipping Data Structures: There is a lack of standardization in shipping data, with each provider having different data structures.
- Supply Chain, Shipping and Containership Insights: Their solutions offer efficiency and accuracy in commercial chartering processes.
Investment Themes: Commodity Coverage and Global Trade Flow Insights:
- Commodity and Trade Flow Coverage: Providing detailed insights into global shipping trends.
- Data Accuracy and Standardization: Addressing the challenge of disparate data structures in the shipping industry.
Solutions for Data Standardization and Aggregation in Shipping:
- Data Standardization: AltHub’s technology will help them standardize disparate data structures, making it easier to aggregate and analyze shipping data.
- Comprehensive Data Solutions: Our tools provide detailed insights into commodity coverage, trade flows, and ship databases, enhancing efficiency in commercial chartering processes.
TAKEAWAY: Shipping data providers face significant challenges in standardizing and aggregating data. AltHub supports data standardization and comprehensive coverage to drive efficiency and accuracy in the shipping industry.
Written by AltHub CEO, Scott Hall