Making data work

Martin Penney, Lloyd’s Register OneOcean CEO Martin Penney is fundamentally a problem solver. When considering his career options, he saw in himself a desire to “understand a problem and solve it”, which led him to study Manufacturing Engineering at Cambridge University. This took him to various work placements at British Aerospace, Rolls-Royce and Ford Motor Company, amongst others, facilitating a real understanding of how business operates very early on in his career. “I started working as a strategy consultant, taking that knowledge of how to run a business and sharing it with growing businesses around Europe,” says Penney, who has been CEO of LR OneOcean since February this year. This was around the time of the .com boom and Penney said the transition from analogue to internet in the 2000s was very similar to the AI transition of today. “The internet itself didn’t solve anything and AI is the same. It’s what you actually do with the data that makes a difference. We helped companies understand the impact the internet could have on their markets and business models. This enabled them to create advantages to drive faster growth and become more efficient. AI is in a similar situation now. […]

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