Lloyd’s Register Launches Digital Maturity Framework for Maritime Industry Transformation

Lloyd’s Register (LR) has introduced the Digital Maturity Framework and Index, aimed at helping companies evaluate and compare their digital maturity levels within the maritime industry. The framework was developed in response to the growing need for clarity and transparency in digitalization efforts. LR collaborated with Thetius to create ‘The Benchmark’ report, outlining a detailed digital maturity model for organizations to gauge their position on the digital transformation spectrum.

LR’s Digital Maturity Index (DMI) is a free web-based platform that allows shipping companies to self-assess their digital readiness, benchmark against industry competitors, and identify areas for technological investment and skills development. In a pilot phase involving leading tanker and bulker companies, digital maturity was evaluated across various operational aspects, highlighting strengths in connectivity, cloud computing, and cybersecurity, while revealing gaps in digital culture, skills, training, and data standardization.

The findings from Thetius report presented at the Smart Maritime Network event emphasize the crucial role of a comprehensive digital strategy led at the executive level, resource allocation for technology and staff development, willingness to experiment with new technologies, and leveraging external support. LR will also introduce a digital transformation advisory service aligned with the Digital Maturity Index, offering tailored support to help clients navigate the challenges of maritime digitalization. James Frew, LR’s Business Consultancy Director, emphasized the framework’s utility for shipowners in assessing digital maturity and accessing specialized advisory services for optimal digital transformation outcomes.

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