January 21, 2020 — 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.
July 22, 2019 — UK environment secretary Michael Gove has today delivered a boost for innovation in the country’s seafood industry with the opening of a new £10 million research and development fund.
The move paves the way for the potential use of artificial intelligence by fishermen and providing a potential double return on investment for the UK economy, the government claimed.
With the UK fishing industry contributing around £1.4 billion to the economy and employing over 24,000 people, there is huge potential for innovation to improve the technology available across the sector.
Unlike existing funding programs, the Seafood Innovation Fund will focus on delivering longer-term, cutting edge innovation.
UK businesses are already developing satellite technology and virtual watch rooms to track vessel movements, and integrating lighting into fishing nets to reduce unwanted catch and improve efficiency. But with the global fishing industry worth nearly £300bn, the government hopes this fund will encourage further technological development and unlock export opportunities around the world for UK technology pioneers.
“This government is investing record amounts in research and development, with this £10m fund further driving UK innovation,” said Gove. “As the UK establishes itself as an independent coastal state, the Seafood Innovation Fund will bring together our world-leading fishing, seafood, and technology industries to deliver more sustainable and productive fisheries for the future.”