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Digital technology guideline for shipowners

Juan J. Gil, IT manager Singapore at OSM Maritime Group - maritime & technology Juan J. Gil, IT manager Singapore at OSM Maritime Group - maritime & technology

By Juan J. Gil, IT manager Singapore at OSM Maritime Group - maritime & technology

Following the latest trends and events, I feel there is a lot of noise (and sometimes misunderstandings) in the maritime industry when it comes to Digital Transformation & Innovation. I believe this may cause analysis paralysis since many leaders do not know which path to walk down and how to create a program or project portfolio to achieve their vision. Ultimately, the vision is only achieved by successful execution, but the question could remain, what to execute?

In my previous article, I dedicated some thoughts to ship management. Now, I want to look into the options for shipowners according to their fleet size. Therefore, I have titled this write-up Digital Technology Guideline for Shipowners, where I intend to provide a clear framework for leaders in shipowners companies as a source of inspiration. It goes without saying that the company's leaders' appetite and ambition (or lack thereof) are not limited by the fleet size, nevertheless, as a framework, it helps to focus energy and resources.

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NB: The above table shows different scenarios which are irrespective of whether the vessels are managed internally or through third ship management companies. Shipowners companies need to define their internal and external scope, according to their needs and/or preferences.

At this moment, it's normal that many companies are not at the right level in each category (technology strategy, innovation strategy, cybersecurity strategy, technology use, and financial benefits), but definitely, something that has to change in the short term if they want to keep pace with the industry. Clearly enough, some companies will continue behaving not according to their fleet size level but to a lower size level standard, which are the companies that will certainly struggle to survive in the mid-term..

This article was originally published on LinkedIn and has been republished with permission of the author. Click here to view the LinkedIn post. 

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