As the world’s industries become more global and interconnected, maritime organizations are interacting with a larger ecosystem of suppliers, partners, clients, and other stakeholders. This expanding reach, paired with rapidly advancing technology, is producing a vast ocean of data, which maritime organizations must harness in real time to operate at a faster and more efficient pace.

An ever-expanding range of specialized tools and systems are becoming available to help maritime organizations capture data and leverage technological advancements to run specific areas of their business more efficiently. The key to unlocking the highest possible value from these tools and innovations is the ability to connect them to your core commercial solution so that you can realize their benefits within the context of your greater operational workflow and maintain one, cohesive workspace.

Globalization and digitalization are ushering in a new way of working in maritime shipping: one that prioritizes collaboration and data standardization through integration.

By forming deep, data-driven connections between the systems, indices, and data sources that are instrumental to your unique business, information can flow seamlessly. This promotes business continuity, efficiency, and profitability into the future. In addition, these connections can play an important role in realizing industrywide data standards, as more systems speak the same digital language.

Empowering Integration & Data Standardization

Integrating systems and standardizing data are crucial steps in transforming disparate, fragmented data into cohesive, decision-ready insights that open an ocean of opportunity for future-looking maritime businesses.

In a previous post, we talked about the three tiers of integration for maritime organizations. If you have established a dynamic commercial solution for your core business operations, you have accomplished Tier 1 by integrating your internal workflows into one unified workspace. However, this is not enough for true digital connectivity. Tier 2, integrating between internal systems across your enterprise (ERPs, ETRMs, CTRMs, accounting systems, industry data sources, and more), and Tier 3, integrating with external systems, data sources, and counterparties, are crucial for extending the value of your solution and maintaining one single source of truth.

Through data-driven, bidirectional integrations, you can connect value-added systems and resources with your core commercial workflows to curate a unique network of solutions that best fit your needs. Your core commercial solution should empower you with a flexible and system-agnostic approach to integration, setting a strong foundation today to take advantage of all the developments of the future.

When these connections are established through an open digital ecosystem, they enable an accurate flow of data to each subsequent stage of the workflow in real time, eliminating silos, latency, duplication, and errors. Further, data can be processed and exchanged in a structured, scalable, and actionable way. This sets the stage for a broader and more complex industry-wide movement to standardize data and enhance direct connection between people and systems.

It’s crucial to establish a strong digital foundation that will evolve with changing market, business, and technology needs of the future; one that enables an open model system to decentralize the management of contracts and events, promoting integration, connectivity, and standardization.

A Strong Foundation for an Extensible, Best-in-Class Network

The Veson IMOS Platform (VIP) is the critical commercial foundation upon which thriving maritime shipping workflows are built. But VIP is not the only solution that plays an important role in your business, nor is it the only solution capable of adding value—particularly as a wave of digitalization continues to transform maritime shipping.

That’s why we developed the Veson Partner Network, a ‘best in class’ network of strategic partners that delivers added capabilities and extends the value of your solution, while fully supporting your existing interfaces. Building upon our long-recognized integration expertise, Veson is establishing formal integration partnerships with fellow innovators in the maritime shipping space to provide a rich and turnkey integration experience that unlocks transformative business benefits for your unique needs. Visit the webpage below to learn more.