Process automation is becoming increasingly popular amongst businesses worldwide, with 73% of organisations adopting some form of automated technologies.
However, it is reported that 31% of companies still rely heavily on paper-based processes.
In the past, the maritime industry has received criticism for being slow to embrace advances in technology, but in the last two decades, we have witnessed significant adoption of digital solutions that have revolutionised the way shipping companies operate, enabling them to increase efficiency, reduce costs and improve safety.
In January 2023, the Danish Maritime Authority introduced a Digital Ship Register, marking a significant departure from the traditional paper-based ship registration and trading method.
The digital platform boasts a roster of over 6,000 ships and leverages process automation to enhance the efficiency and security of ship registration procedures. The shift to a digital register aims to eliminate the possibility of human error in manual data recording and streamline the workflow involved.
In the last two decades we have witnessed significant adoption of digital solutions that have revolutionised the way shipping companies operate, enabling them to increase efficiency, reduce costs and improve safety.
Denmark has a rich history of embracing digital transformation in its regulatory services. It implemented digital certificates for seafarers and various online self-service systems for shipping companies, staffing agencies, and educational institutions in late 2021. These online systems empower seafarers by granting them control over access to their digital certificates, applications, and qualifications, enabling them to share relevant information with their employers as desired.
One company in the maritime sector that is offering an array of digital solutions to help shipping automate specific processes, drive efficiency and increase productivity is Marcura, a global digital solutions and platform provider.
Encompassing a range of maritime solutions like PortLog, DA-Desk, MarTrust, Laytime-Desk, and many more, Marcura aims to streamline processes in the industry to reduce manual work, increase compliance, drive down costs, and facilitate overall business intelligence.
As part of our research, we spoke with several Marcura representatives to better understand how the company is tackling existing challenges and aligning with the maritime industry’s digitalisation and automation goals.
One company in the maritime sector that is offering an array of digital solutions to help shipping automate specific processes, drive efficiency and increase productivity is Marcura, a global digital solutions and platform provider.
Companies that have implemented process automation have seen an average productivity increase of 95%
- Deloitte (2019) The robots are waiting: are you ready to reap the benefits? Retrieved from https://www2.deloitte. com/content/dam/Deloitte/uk/Documents/consultancy/deloitte-uk-the-robots-are-waiting.pdf
- McKinsey (2017) A future that works: automation, employment, and productivity. Executive summary. Retrieved from https://www.mckinsey.com/~/media/mckinsey/featured%20insights/Digital%20Disruption/Harnessing%20automation%20for%20a%20future%20that%20works/MGI-A-future-that-works-Executive-summary.ashx
- McKinsey (2017) A future that works: automation, employment, and productivity. Executive summary. Retrieved from https://www.mckinsey.com/~/media/mckinsey/featured%20insights/Digital%20Disruption/Harnessing%20automation%20for%20a%20future%20that%20works/MGI-A-future-that-works-Executive-summary.ashx
- McKinsey (2019) Automation at scale: The benefits for payers. Retrieved from https://www.mckinsey.com/industries/healthcare/our-insights/automation-at-scale-the-benefits-for-payers#/
- Markets and Markets (accessed Feb 2023) Intelligent process automation market worth $25.9 billion by 2027. Retrieved from https://www.marketsandmarkets.com/Market-Reports/intelligent-process-automation-market-23417145.html
This is an extract from our latest maritime research report. Read the full report here: “Avoiding the Digital Divide”.
Read our our recent post on the best questions to ask when you choose a disbursement accounting automation partner.
