DP World has released a report on the role of information and communications technology (ICT) innovation in the port and logistics industry as part of United Arab Emirates (UAE) innovation week. It also builds on the UAE National Innovation Strategy.
DP World’s report, A Turning Point, on the potential role of ICT innovations in ports and logistics outlines five key trends that will affect almost all aspects of the trade and logistics processes in the future. These include robotics and automation, autonomous vehicles, the Internet of Things, as well as big data, simulation and virtual reality, and cyber security.
It states that the slowdown in global trade has added fresh impetus to the need for ports and logistics firms to invest in the latest innovations in information and communications technology.
DP World chairman Sultan Ahmed bin Sulayem said: “DP World has been a pioneer of some of the industry’s most innovative solutions, contributing to the success of its flagship Jebel Ali port which has been named the most productive port in the world by the Journal of Commerce.
“We have also developed highly efficient facilities across our global portfolio of 65 terminals by connecting and automating much of our processes, reducing delays. Dubai has become a successful model regionally and globally and we are following suit as a business. We encourage our people to think ahead and to develop the best long-term innovative trade solutions to maximise efficiency, reliability and safety.”
The report concludes that while significant investment is needed, timing is key as in competitive markets there is an imperative to be among the first in the game to automate.
At the same time, the threat and impact of cyber-security breaches looks set to rise and ports need to work with the private sector and government to share information on attacks and on new capabilities.