2103: The DIgital Transformation of the Maritime Industry

Wärtsilä Voyage develops the technology that enables the maritime industry's digital transformation. Responsible for the carriage of around 90% of world trade, shipping is the lifeblood of the global economy. Sarah Barret shares with me how the industry is waking up to the reality of data-enabled decision-making and how it holds the key to optimizing every vessel and voyage.

I learned more about how the volume of data we have at our fingertips has never been greater, but as more data is generated, it becomes increasingly complex to store, manage, and analyze. Finally, Sarah discusses how data can help connect the dots across the entire maritime ecosystem and how shipowners and operators can use data to their advantage.

Wärtsilä Voyage has also developed a whitepaper outlining seven key benefits of data-driven decision-making in the maritime industry. The benefits include achieving long-term regulatory compliance, enabling transparency and accountability, allowing for timely decisions to optimize operations, and providing greater tracking of iterative changes. These offer feedback loops to support shipping's data evolution, augmenting crew activity and ultimately unlocking commercial benefits.