Maritime startups and connectivity will play a key role in bringing the benefits of digitalization to the shipping and offshore sectors, according to a new study, the conclusions of which were revealed in a report released this week at the London International Shipping Week.
The report, titled ‘Trade 2.0: How Startups are driving the next generation of maritime trade’, was conducted for Inmarsat by UK GovTech venture firm and research house, PUBLIC. It reveals that the maritime sector at an inflection point; open to big data, blockchain, artificial intelligence (AI) and cloud computing, at a time when emissions regulations are pushing it away from the fossil fuels that have framed its business model.