Precision fisheries of the future will rely on data and AI to improve profits
- Sea Food Source
- The fishing industry is catching up to the data-driven digital revolution already remaking land-based agriculture and other industries. And the fishing industry doesn’t need to wait for the future to arrive: the technology and advanced analytics that could improve environmental sustainability and increase profitability are available today, a recent report from global consulting and management firm McKinsey & Company concludes. Fishing companies could start by mining efficiencies out of existing data, such as vessel catch totals, GPS location, and fuel consumption patterns, the report advises. Advanced analytics could uncover performance drivers, lowering costs. Fuel consumption data could help companies discover the most energy efficient routes and maneuvers, while data from onboard sensors could be processed to predict breakdowns in advance.