Technology Growth in Shipping Industry: An Overview

Authors

  • Praveen Kumar Donepudi Cognizant Technology Solutions

Keywords:

Technology Growth, Shipping Industry, Manual Processes, Automation

Abstract

Being the backbone of the world economy, the shipping industry impacts the lives of many people directly and indirectly. It needs continuous innovation and the adoption of new thought processes to handle the ever-growing demands of materials and goods around the world. It faces several challenges such as compliance with the environmental regulations and laws, changes in the global business models, the complexity of operations and management, risks and hazards to the people and the assets, and the cost of adopting new changes. This study highlights the benefits of greater collaboration with partners, more automation of manual processes, and higher productivity and capacity to handle future loads.

 

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Author Biography

  • Praveen Kumar Donepudi, Cognizant Technology Solutions

    Senior Architect, IPM Practice Division, Cognizant Technology Solutions, Pittsburgh, Pennsylvania, USA

References

• https://maritimeindia.org/industry-4-0-in-the-shipping-industry-challenges-and-preparedness-the-prevailing-scenario/

• https://www.inddist.com/home/blog/13775677/heres-how-industry-40-is-disrupting-shipping-distribution

• https://www.statista.com/statistics/913398/container-throughput-worldwide/

• https://www.imo.org/en/MediaCentre/HotTopics/Pages/Reducing-greenhouse-gas-emissions-from-ships.aspx

• https://safety4sea.com/top-10-risks-related-to-container-terminals/

• https://www.porttechnology.org/news/what-is-a-smart-port/

• https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-hidden-opportunity-in-container-shipping

• https://www.industryofthingsvoice.com/iot-systems-in-the-shipping-industry/

• https://seanews.co.uk/features/role-of-internet-of-things-in-shipping-and-maritime-industry/

• https://marine-digital.com/article_ai_and_ml

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Published

2014-12-31

Issue

Vol. 1 No. 3 (2014): September - December Issue

Section

Policy and Practice Reviews

License

This journal operates under a hybrid access model. Published articles may be available through paid access or subscription, while selected articles may be published as Open Access upon payment of an Open Access fee.

For non-Open Access articles, all rights are reserved by the publisher. No part of these publications may be reproduced, distributed, stored, or transmitted in any form or by any means without prior written permission from the publisher, except for brief scholarly citation and referencing.

Open Access articles, when applicable, are distributed under the specific Creative Commons license indicated on the individual article page.

How to Cite

Donepudi, P. K. . (2014). Technology Growth in Shipping Industry: An Overview. American Journal of Trade & Policy, 1(3), 137-142. https://ajtp.us/article/view/503

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