A sea-faring vessel using a variety of sensors to manage its regular processes and navigation is a smart ship. Uses of this IoT technology range from single vessel to fleet management. However, even management of a single ship involves using massive amounts of data.
Many companies supply goods, loans, and services based on business and trade credit, either invoicing customers for payment at a later date or providing B2B loans. Business credit risk management assists companies with lending decisions based on a client's financial health as well as other parameters that may indicate how likely they are to pay on time. Providing the right amount of credit will reduce the risk of late payments or defaults, which expose the vendor to financial risk.