There are a number of different aspects to optimizing data usage – not all of which are widely adopted today. Firstly, it is important to develop a culture in which data is understood to be an asset. This will help ensure support and buy-in throughout the enterprise. Organizations should be aligned from top-to-bottom to implement data management and governance best practices – with an emphasis on data quality, transparency and completeness.
Technology can and should be an enabler of this. Too often today we see that a reliance on manual processes and inflexible legacy technologies is preventing maritime and shipping participants from making optimal use of their data – when the opposite should be true. By investing in the right platform and architecture, you can eradicate data siloes and ensure that all users have access to the same high-quality, validated data for use in their decision-making and operational processes.
Why is data management so important for digitalization initiatives?
Data, technology, business processes and organizational change are critical components of digital transformation, and data management is relevant to each of these components. For example, data management best practices provide a foundation for improved business processes, such as automation and decision-making accuracy. Organizational change is easier to implement when your decision-making landscape (including, but not limited to, data and the way it is managed) is well understood.
Cloud technology is becoming a bigger focus for the industry. How does this relate to data management?
Cloud-based data management also allows participants to scale up or down their operations more effectively as data and technology demands change – for example onboarding new content or integrating a new decision-support platform. Having your data estate in order (validated, complete and trustworthy) and in a manageable, centralized manner in the cloud is a key pillar for futureproofing your organization.
Cloud enablement also allows organizations to tap into managed services offerings from solutions providers. This means, for example, outsourcing application management, change management and upgrades to a third-party provider. Becoming a data-driven organization does not mean you need to take on the cost of hosting and maintaining technology. Leveraging a cloud-based managed service offering frees your internal teams up to focus on higher-value tasks and innovation, while also reducing the total cost of ownership.
HAKOVO is to provide Cloud based uNIFIED Customs Clearing House (uCCH) platform for trade compliance and documentation, while improving the visibility and traceability of cross-border supply chains.