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Journal of Continuous and Disruptive Innovation

Editor-in-Chief: Sofoklis Kyriazakos, Aarhus University, Denmark

ISSN: Applied (Online Version)
Vol: 2017   Issue: 1

Published In:   January 2017

Publication Frequency: Continuous Article Publication

Search Available Volume and Issue for Journal of Continuous and Disruptive Innovation

Shaking up the Maritime Industry through Open Data and Crowdsourcing

Demitris Memos

CEO MarineTraffic, Kings Avenue, London N21 3NA, United Kingdom

Abstract: [+]    |    Download File [ 3021KB ]    |   Read Article Online

Abstract: Shipping is an industry that has achieved its growth on solid but conservative steps over the past decades. It is strongly linked with major macroeconomic metrics worldwide and its ecosystem includes all major business sectors. Information Technology has been leveraged by the shipping industry mainly for optimising its processes, thus reducing operational costs and contributing to the competitiveness and the growth of the sector. The evolution of the Internet though has not influenced the shipping industry in the same way it has influenced other industrial sectors. This is largely because the maritime industry is a closed ecosystem that requires significant effort to penetrate. While such barriers prevent most players to address the shipping industry, others consider this as an opportunity for disruption and focus on creating services and applications around the benefits deriving from the openness of the maritime industry. MarineTraffic is one of these players, a catalyst for transparency that has become a game-changer to the traditional practices of the maritime industry.

Keywords: Maritime, Ship Tracking, Open Data, Crowdsourcing.

River Publishers: Journal of Continuous and Disruptive Innovation