by Martin Wallgren, Group Chief Information Officer, GAC
Shipping is one of the last sectors to be transformed by technology, falling behind other laggards such as banking.
In part, this is because vessels are expensive assets so investing in digitalising them comes with higher risks than other sectors, like automotive.
Moreover, changing to a new system, or a bundle of them, is always harder than creating new ones from scratch.
Shipping's long and rich heritage has created a type of technical debt.
It makes it tempting for maritime companies to choose a simple, more limited, and immediate solution rather than adopt a more transformative and costly approach that would future-proof the industry.Download PDF