The commercial maritime shipping industry is at a critical growth point. There’s a clear need for productivity, agility, and transparency, and a wealth of modern technological solutions that make all of these benefits achievable. But the journey is not without obstacles. Many of the world’s commercial maritime leaders hit roadblocks on the way. These roadblocks are often rooted in disparate, unstructured data. As global competition intensifies, shipping companies operate faster and with more people, and data is generated and tracked across countless systems, it has become exceedingly difficult to scale with complete data harmony and realize the true benefits of the modern maritime shipping ecosystem.

To demonstrate how structured data can revolutionize your business, we recently hosted an insightful webinar, “Achieving Scalability with Greater Data Harmony.” To view the webinar on-demand, click here. In the meantime, here are some of the key takeaways from the webinar.

1) The challenges faced by modern organizations.

Today’s commercial maritime shipping organizations face their own set of problems, but some are more homogenous than others. For instance, all organizations face mounting changes in the way of intense regulation from government and other official bodies. Other challenges are more business-centered. There is a lack of transparency between businesses and counterparties across the maritime shipping deal chain that can lead to miscues and assumptions. These opaque operations are further clouded by the unstructured communications between stakeholders at all levels within and between organizations. At the root of it all is disparate data that are tracked and managed—or not managed at all­—across multiple disconnected systems. These challenges all add up to create inefficiencies that plague key stakeholders in the commercial maritime shipping industry.

2) The benefits of data standardization.

If organizations can effectively standardize and harmonize their data and systems, they stand to reap significant benefits—regardless of their side of the maritime contract. For Vessel Owners and Operators, standardized data and integrated systems means voyage updates, ETAs, consumption rates, and much more can be provided in real-time and with complete context. For Tonnage Charterers, standardized data and integrated systems means up-to-date cargo details and real-time visibility can be accessed and viewed in one centralized workflow or across systems, thanks to dynamic integrations. For both parties, the need to track down and make sense of missing or late information on a constant basis evaporates with proper data standardization and integration.

3) The roadmap to direct digital connection starts with integration.

Direct, digital connections and data standardization are enabled by a complete system of integrations. And those integrations extend across three levels: your workflow, your enterprise, and the industry.

  1. Integration across your workflow means one, dynamically connected workflow that runs throughout your business.
  2. Integration across your enterprise means a seamless connection between your maritime solution, internal systems, and stakeholders.
  3. Integration across the industry means a seamless connection between your maritime solution, external systems, and data sources.

With data dynamically moving through your workflow, across your enterprise, and throughout your industry, you can ensure that every decision you make is based on an up-to-date, single source of truth. Then, and only then, is true scalability possible.

Achieve Scalability with the Veson IMOS Platform

To achieve scalability, the maritime world’s diverse stakeholders need a dynamic platform for the management of their marine fleets and cargoes; one that can deliver the information and tools they need to make the right decisions at the right time. The Veson IMOS Platform (VIP) pairs proven business logic with an agile, cloud-based architecture that supports the global accessibility, advanced data sharing, and seamless integration required by enterprises on both sides of the marine contract. To learn more about how VIP empowers scalability, watch the on-demand webinar below or request more information.