The Busan Port Authority (BPA) announced its plan for developing pre-diagnostic and predictive technology for cranes with IoT sensors and big data.
Specifically, technology development will take place for three years, with an overall cost of 1.35 billion won ($1.2 million). It is stated that the South Korean government and the BPA will invest 600 million won each ($532,000).
The consortium will be managed by Jonghap Marine (Busan) and joined by KR Engineering (Gyeongsangnam-do), a port equipment inspection company, and Isonics (Gyeonggi-do), an IoT sensor development and data collection technology company.
The partners aim to use IoT sensors on cranes to collect status information of hoist, trolley, boom, and motor, such as speed, vibration, temperature, predict signs of abnormality by establishing a real-time detection and online diagnosis system, and develop various support service models for equipment operation and failure history, notification for predictive maintenance.
The R&D Technology will help prevent port operation from being stopped due to crane failure during container loading and unloading, improve productivity and effectiveness of the port, and minimize the social and economic costs caused by safety accidents.
Concluding, in July the BPA signed a signed a memorandum of understanding (MoU) with the Busan Chamber of Commerce and Industry to support small and medium sized enterprises (SMEs) looking to enter overseas markets.
