Technology is transforming the shipping industry. As a whole, the industry worldwide is exploring and implementing new technology in every sphere of the industry. Technology is being applied to ports, ships, systems and processes, and allied services. Digitalization is also aided by startups that are developing tech solutions tailored to the industry. Using technologies such as robotics, AI, machine learning, the internet of things, blockchain, drones, and augmented reality, export and import trade can be made safer, more efficient, and more productive.
Shipping is going through many changes - and all of them are important. Based on market research here are some points that show how technology is transforming the Shipping Industry
Robotic Technology - Robots are now part of almost every industry. Their attention has now turned to shipping. Several companies and research institutes within the automobile, transport, and tech sectors are collaborating to build robots that will help in ship safety, maintenance, and inspection.
Hyperloop Transport System - Elon Musk's idea of a Hyperloop transport system uses a tube to transport people and cargo at up to 700 mph. According to reports, the proposed hyperloop will reduce accidents, promote socio-economic development, save time.
Smart Ships - Why should ships be left behind when we have smart gadgets, smart homes, and smart cities? It won't be long before ships become smart, tech-savvy, and autonomous. Automated ships will improve efficiency, productivity, and carrying capacity for the shipping industry. Remotely controlled ships will eliminate the fear of loss of life at sea for crew members, and in a way, they will also change the profession.
Eco-Friendly Ships - The development of wind-powered ships has been the focus of recent research. Ships powered by wind would travel from port to port using trade winds and ocean currents.
Blockchain Technology - Blockchain technology is no longer restricted to bitcoins. Various industries are exploring how to transfer, manage, and store data safely and securely. The shipping industry is also exploring how technology can improve processes and integrate supply chains from start to finish. Using blockchain technology, the system will make it easy to track cargo in real-time to its final destination and transfer data.
Augmented Reality - Augmented reality can also be a great addition to the shipping industry. As it can optimize cargo planning, assist maintenance, inspections, navigation, connect global teams, and create awareness about the industry, which is not easily accessible to non-industry members. A person who is not in the industry is very unlikely to be able to visit a container ship or a port for that matter. A view of the industry can be provided by AR to outsiders.
With the ever-increasing consumer demands for the delivery of goods as quickly as possible, the industry must embrace new technological innovations. Considering the speed at which technology solutions are being developed for the shipping industry, it wouldn't be incorrect to describe this period as a rebirth of one of the world's oldest industries.
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