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Digital transformation Digital maturity Measuring the progress of digital transformation in ship operations Digital transformation is more than a trend; it’s a fundamental shift in how the maritime industry operates. By benchmarking against industry standards and peer organisations, businesses can position themselves more competitively in the face of increasing market pressure and regulatory demands. The latest report by Thetius, commissioned by Lloyd’s Register, “The Benchmark: Measuring the Progress of Digital Transformation in Ship Operations, offers a comprehensive framework for organisations to assess their position along the digital transformation spectrum, from foundational levels to advanced data-driven decision-making. By leveraging this digital maturity model, organisations can gain a clear understanding of their current digital capabilities, identify gaps, make informed investment decisions while position themselves more competitively in the face of increasing market pressure and regulatory demands. This report is part of LR’s Digital Transformation Research Programme. Visit Digital Maturity Hub

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Trax, a leading provider of paperless aviation maintenance software, has announced the successful transition of WestJet Airlines to a paperless and mobile fleet maintenance operation. This implementation includes the web-based eMRO product , eMobility apps , and Trax Cloud hosting , enhancing users’ ability to work from anywhere on mobile devices. WestJet has integrated additional Trax solutions such as QuickTurn , TaskControl , and Line Control apps to further improve their operations. The eMRO system, combined with mobile apps, allows users to access documentation, view maintenance tasks, receive real-time updates, and utilize integrated materials modules. This implementation marks the continued expansion of Trax’s customer base using its full range of applications and technology services for digital aviation maintenance. Positive WestJet’s transition to paperless and mobile fleet maintenance operation Implementation of advanced Trax solutions including eMRO, eMobility apps, and Cloud hosting Integration of additional apps like QuickTurn, TaskControl, and Line Control Improved offline working experience and enhanced operational efficiencies Continued expansion of Trax’s customer base using full range of applications Negative None. 09/30/2024 – 04:30 PM Trax has proudly provided WestJet Airlines with aircraft maintenance solutions for more than 20 years and has now transitioned the airline to the web-based […]

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(9min) Summary Freight Technologies focuses on cross-border logistics solutions, offering multiple digital platforms to optimize freight and carrier matching, LTL shipments, fleet management, and real-time tracking. Despite significant opportunities in the cross-border market, Freight Technologies faces high competition and relies on volatile spot prices and volume-dependent revenue models. The company has a history of operating losses, significant cash burn, and dilution risk, raising doubts about its ability to achieve profitability and sustain operations. Given the lack of profitability and high financial risks, I recommend selling the stock until there is clear evidence of improved financial performance and cash flow.

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Leading an extended Nearshore and Offshore Capability Decskill joins forces with Astek to Accelerate Leadership in IT Consulting and Digital Transformation worldwide Lisbon, 1 October 2024 – The Portuguese company DecSkill , Iberian leader in IT outsourcing and digital transformation, is now part of the Astek Group , the global technology company, founded in France, present on the five continents and, now, employing around 10,000 people worldwide. This operation, which involved the acquisition of 60% of Decskill by Astek, accelerates the internationalization of the Portuguese tech company, as, on the other hand, reinforces Astek Group’s Iberian offer, which is currently with a strong growth and globalization strategy. Portugal, Spain, and Italy will see Decskill playing a key role in the creation of nearshore services for Europe and beyond. Founders Luís Fernandes and Luís Santos will contribute to the company’s growth in these markets, as Decskill becomes one of several entities enhancing the group’s overall strategy, significantly strengthening its ability to meet the growing demands of clients and companies engaged in digital transformation and global empowerment”. Luís Fernandes and Luís Santos, co-founders of Decskill , note that “Agility is essential in this sector because the digital transformation of companies is, […]

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Westjet airlines – travel and tour world Trax, a global leader in aviation maintenance and engineering software, has announced the successful transition of WestJet Airlines Ltd. to a fully paperless, mobile fleet maintenance operation, driving the airline’s digital transformation. WestJet adopted Trax’s web-based eMRO system along with various eMobility applications, all hosted on the Trax Cloud environment, to enhance offline functionality and streamline maintenance workflows. The airline also implemented Trax’s QuickTurn, TaskControl, and Line Control apps, further boosting operational efficiency. This transition highlights Trax’s expanding customer base and its comprehensive suite of solutions powering digital aviation maintenance. Trax’s eMRO is a web-based, device-agnostic platform offering a complete maintenance and engineering system with integrated information flow. Coupled with mobile apps, the system provides users with mobility to access documentation, view maintenance tasks, receive real-time updates, and manage materials, enabling seamless connection from any location. “With the technical aspects managed by Trax Cloud hosting, WestJet can focus on what we do best — maintaining our fleet, flying, and successfully serving our customer base,” said Gandeephan Ganeshalingam, Vice President of Technical Operations at WestJet. “The implementation of additional Trax solutions will enable us to stay focused on quality and compliance while further […]

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The Asian Development Bank (ADB) has approved the allocation of a $47 million loan to Azerbaijan for the implementation of the digital transformation project of Azerbaijan Railways CJSC (ADY), Azernews reports citing ADY. The loan funds will help Azerbaijan digitize its railway system and increase the safety, reliability, and efficiency of the country’s railway networks. The project also aims to support the digitization of ADY’s core processes, including rail transport management, asset management, investment planning, and the customer data processing system, as well as corporate functions. "The modernized and digital railway system will support Azerbaijan’s main role in connecting the economies of East and Central Asia with the Caucasus and Europe. We are pleased to support this initiative, which will help Azerbaijan maximize its strong potential as a trade and communication hub," said Yevgeny Zhukov, Director General of ADB’s Central and West Asia Regional Department. ADB believes that digitization is crucial for increasing operational efficiency and competitiveness, and for fully exploiting Azerbaijan’s role in regional transit corridors. It will also improve ADY’s operational and financial performance through optimized data management, asset management, and overall rail operations. It should be noted that since Azerbaijan joined the ADB in 1999, the […]

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The Interview Business innovation Aerospace veteran Mike Ambrose shares his insights on pulling off a successful digital transformation in one of the world’s most complex industries…. In an exclusive interview at IMD in Lausanne, Aerospace veteran Mike Ambrose shares valuable insights from his 38-year career at Sikorsky Aircraft, a company that builds military helicopters, owned since 2015 by US defense giant Lockheed Martin. It’s no secret that pulling off a successful digital transformation is no mean feat. In fact, research from McKinsey shows that a staggering 70% fail to meet their original expectations. So, attempting it in a complex industry like aerospace can seem like a Sisyphean task. With its complex engineering systems design, long product life cycles, huge supplier ecosystems, and strict regulatory requirements, it’s a risky business. As the former chief engineer and vice president of engineering and technology at Sikorsky, Ambrose led digital transformation projects including major upgrades to the Sikorsky UH-60 Black Hawk, probably the most iconic helicopter in the US military, and revolutionary development aircraft designed and built in a digital environment. Think digital integration before digital transformation One of his key takeaways is the need to first shift the mindset from digital transformation […]

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MTN Group recently participated in a series of high-level bilateral meetings during the 79th United Nations General Assembly (UNGA), engaging with ministers and heads of state from South Africa, Nigeria, Ghana, and Rwanda. The company was represented by Chairman Mcebisi Jonas, President and CEO Ralph Mupita, Senior Vice President of Markets Ebenezer Asante, MTN Nigeria Chairman Ernest Ndukwe, MTN Nigeria CEO Karl Toriola, and Acting Chief Sustainability & Corporate Affairs Officer Thato Motlanthe. MTN’s leadership held meaningful discussions with several esteemed leaders, including President Nana Akufo-Addo of Ghana and Communications Minister Ursula Owusu-Ekuful, as well as key South African ministers Ronald Lamola, Solly Malatsi, and Parks Tau. In Nigeria, MTN representatives met with ministers Yusuf Tuggar, Dr. ‘Bosun Tijani, and Dr. Aminu Maida, and in Rwanda, they engaged with Paula Ingabire, Minister of ICT and Innovation. The conversations focused on advancing Africa’s digital economy, fostering investment, and strengthening public-private partnerships across the continent. MTN emphasized its commitment to collaborating with these governments in realizing a more connected and inclusive future for Africa. The engagements reflect MTN’s ongoing role in shaping Africa’s digital transformation, driving connectivity, and building sustainable digital infrastructure.

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#Featuredpost Africa Soft Power Symposium This week, global policymakers, industry leaders, and experts convened in New York City for the United Nations General Assembly (UNGA), where side events tackled a broad range of topics. Among them, the Forward Africa Leaders Symposium , organized by Africa Soft Power (ASP) in collaboration with Convene Africa, brought a sharp focus on remittances and the need for a unified digital economy across the African continent. ADVERTISEMENT Recommended articles leaders Nigeria’s N30 trillion Ways and Means debt fully repaid – President Tinubu leaders UNGA 2024: Women in Philanthropy and Impact Africa (WIPIA) set for New York launch at Goals House leaders Key takeaways from President Ruto’s United Nations General Assembly speech The symposium, which is part of ASP’s ongoing mission to amplify underrepresented African voices in global conversations, gathered a diverse range of influential figures. Notable attendees included H.E. Nana Akufo-Addo, President of Ghana; H.E. Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA); Peter Ndegwa, CEO of Safaricom Group; H.E. Fatoumatta Bah-Barrow, First Lady of the Republic of Gambia; Joy Kategekwa, Director of Regional Integration at the African Development Bank (AfDB) Group; Jules Ngankam, CEO of the African Guarantee Fund; […]

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