Page 16: of Maritime Reporter Magazine (May 2018)

Riding the Digital Wave

DIGITALIZATION

About the Author

Martin Wallgren was appointed to the

A smart shipping survey conducted in January 2018 found that, while position of chief information of? cer the majority of maritime industry executives believe digitalization (CIO) for the GAC Group in 2017. Prior to joining GAC at its Dubai head of? ce, and big data will transform the sector, only 8.7% currently see it as a

Wallgren was the CIO for the Stena major part of their operations.

Group in Sweden.

Unpredictability and disruption have demand have all contributed to a highly to become the ? ttest that will survive the to achieve operational and commercial made the past decade anything but competitive environment which requires latest evolution of the market at large. ef? ciencies and drive growth. smooth sailing for the global shipping careful navigation by shipowners. To A look through recent headlines in the industry. Volatile trade patterns and survive – and thrive – in such challeng- Digitalization for Today maritime media reveals a growing num- policies, low freight rates, ? uctuations ing times, shipowners cannot afford the More and more shipping companies ber of stories about large sums being in- in commodity prices and within global luxury of complacency. They must adapt are embracing big data and digitalization vested in digital strategies. The Journal

Trailblazers: While digitalization is still in its infancy in maritime, there are some clear leaders, such as Rolls-Royce, guiding the way.

Photo: Rolls-Royce 16 Maritime Reporter & Engineering News • MAY 2018

MR #5 (10-17).indd 16 MR #5 (10-17).indd 16 5/4/2018 9:18:35 AM5/4/2018 9:18:35 AM