Navigating the Crisis: How Shipping Companies in the Red Sea are Using Data to Make Decisions
Published: 2024-03-08In today’s changing world, companies use open data to make decisions. Shipping companies in the Red Sea are using data to navigate the crisis. They are changing routes due to high insurance costs and risks. Challenges remain in using different data sources and owning sensor data on ships. Good data is important for efficiency and safety in the maritime industry.
In Vietnam, SAVIS and Konsentus are working together for open banking. They want to help Vietnam progress digitally. Open banking can help with growth, inclusion, and innovation. They will tailor solutions for Vietnam’s needs and support open banking success.
LinkedIn has a new tool called OpenHouse for managing data. It makes table management easier and improves the developer experience. OpenHouse helps with governance and data operations. It works well with Apache Spark and seeks feedback for improvements.
Being open with data is important for innovation and decision-making. It can lead to a better future. Consumers should know about these practices for transparency and ethical use of data.
Public opinion is important for companies using open data. Companies that are transparent are trusted by consumers. Companies that misuse data may face consequences. Consumers should understand how companies use open data to make good choices.
Using open data helps industries innovate and gain trust. Consumers can make informed choices by understanding how companies use open data. This leads to a more transparent and sustainable business environment.
https://www.seatrade-maritime.com/opinions-analysis/red-sea-crisis-underlines-need-greater-data-transparency