Baltic Transport Journal Interview, October 31st, 2017
Baltic Transport Journal, an international bimonthly printed magazine focused on transport in the Baltic Sea region, featured Youredi in its 5th issue of 2017.
Youredi is highly focused on the digitalization of the global maritime industry. Youredi's solutions help the industry to overcome inefficiencies that stand in the way of delivering better services and higher profit margins. This is one of the reasons why Youredi has been selected as one of the TOP 10 Transportation Management Solution Providers in 2017 by Logistics Tech Outlook.
In a data-driven world, the global ocean shipping industry still relies on aging technology infrastructure and tailored systems with a variety of proprietary data formats. It is a barrier for real-time data sharing with all stakeholders.
"The main reason for the challenges and inefficiencies is that the core legacy IT system from decades ago is still in place today," said Jaakko Elovaara, CEO at Youredi. "Making radical changes is perceived as a risky move in the industry, however, cloud-based data integration frees businesses from the burden of owning and operating the required software and hardware that is needed to exchange information efficiently between different applications."
Much of the processes are still based on paper and human intervention. The amount of manual work needs to be decreased and replaced with digital, automated processes.
Technology will have a significant impact on shaping the future of the industry. Cloud services, automation, data management, and the Internet of Things (IoT) are just a few examples of technologies that key players of the industry must embrace.
"Youredi helps some of the biggest stakeholders in the industry, such as steamship liners, startups, shippers, and terminal operators to become more competitive by supporting their digital transformation with a wide range of services. Our services help with data management, transfer, transformation, and translation, as well as automating processes between partners and systems" Elovaara explained.
Youredi helps Maersk to overcome its data integration challenges >>
"Cost-efficient data integration solution and fully-automated digital processes are vital for the global ocean shipping industry. Youredi can rapidly connect and onboard new customers and partners while the customer can focus on their core business. The agility of our solutions helps the global shipping industry to overcome major challenges and inefficiencies" Dean Baxter, SVP at Youredi, summed up.
To read the full interview, view the article here.