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Digital readiness tool launches

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Lloyd’s Register’s (LR) Maritime Performance Services (MPS) business has unveiled an interactive tool to help ship owners and operators assess their ability to manage future sustainability challenges.

The interactive ‘Readiness Assessment’ tool scores activities around energy transition, digital transformation, efficiency and performance, cost saving, risk mitigation as well as their ability to make smart business decisions.

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Lloyd’s Register is helping maritime stakeholders prepare for digitalisation

It is tailored to various segments of the industry, ranging from shipowners, operators and charterers, to shipbuilders and designers, port terminals and the wider supply chain, OEMs, manufacturers and start-ups as well as insurers, financiers, government bodies and policy makers.

“We are committed to supporting the sustainability and efficiency of our clients’ fleets and by using our new ‘Readiness Assessment’ tool, we can gather powerful insights about how the industry is preparing for monumental changes, and specifically, we can help our clients assess readiness and support them every step of the journey,” explained Andy McKeran, LR’s MPS business director.

‘Landmark report’

LR has also published, in collaboration with innovation consultancy Thetius, a landmark report on digital transformation in the maritime industry through the use of AI and machine learning.

The new report: ‘Artificial Intelligence in Maritime – a learning curve’ indicates that the maritime industry will spend US$931 million this year on artificial intelligence solutions. This is forecast to more than double in the next five years to US$2.7 billion.

“Artificial Intelligence is a transformational technology that will allow maritime companies across the maritime asset value chain to not only get ahead of the market but accelerate their digital transformation and meet the challenges of the upcoming energy transition,” said Andy McKeran.’

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