For Shippers, Big Data is a Big Asset
Despite the industry downturn, shippers are expressing strong interest in big data and digital technologies as they prepare for the road ahead. Jess Hurwitz, Executive Vice President and CTO at Accuritas, explains.
MR: This is Greg Trauthwein. I’m the editor of Maritime Reporter and Engineering News. We’re here with Maritime Reporter TV at the SHIPPINGInsight 2016 in Stamford with Jess Hurwitz of
Jess Hurwitz: Thank you. Honored to be here.
MR: Well, Jess, to start off, could you give us a brief explanation of
Jess Hurwitz: Absolutely.
MR: We talk about big data often in our pages, on our videos. The market today, as you know, is relatively tough. What I’m trying to get at is the reality versus the theory. What do you see on the streets as far as people adopting your solutions?
Jess Hurwitz: Well, in shipping, change is always slow and that’s something that we’re preaching — that they have to kind of accelerate change. But what we’re seeing — even dealing with the very tricky markets right now — is a tremendous interest, especially from
MR: As I said, big data — digitization is a huge topic in our pages. As you know, the maritime market is very diverse by vessel type. When you look at the market as a whole, do you see whether one or two particular sectors, or niches, that you would say is more evolved in the adoption of the types of solutions that you offer?
Jess Hurwitz: I don’t know if I could generalize it that way. I mean, we’ve had tremendous growth coming out of the tanker sector over the last couple years, and I can probably attribute some of that to the financial aspects of just the market being, for tankers, a little better and more gentle than it’s been for bulker owners. But honestly, we’ve seen a tremendous amount of interest in bulker owners over the last six to eight months. We’ve had some very large bulker owner deals close as a response to that. Their interest is there and, again, they know that things are going to come back and they’re going to be different, and they’re going to be ultra-competitive, and they really know that they need to be in shape and ready for that.
MR: Excellent. I know you’re giving a chat, actually, you’re on a roundtable and you’re giving a talk. If we could focus on the talk, could you give us a little insight on what you plan to present, and what the main takeaway will be?
Jess Hurwitz: Sure. The presentation that I’m going to be giving is on the changing face of data in the shipping industry and how rapidly it’s evolving. I’m basically going to speak about some of the hidden aspects of developing an information asset for shipping companies. Although they always aim and focus on the ships being the biggest asset, a lot of them don’t realize that they data is also very valuable to their company in a lot of ways. And in some cases, there’s kind of some other pieces of data that they might not be sure of how to gain access to or what they should be looking at to actually do that.
MR: Okay. Again, this is Greg Trauthwein with Maritime Reporter TV. Jess, thank you very much for joining us.
Jess Hurwitz: My pleasure. Thank you.