Digital Transformation and Innovation Strategies in Classification Societies

Abstract

In recent years, classification societies have faced significant challenges as the shipping industry undergoes digital transformation. This shift has prompted the need for innovative strategies to adapt to the evolving landscape. However, some experts argue that the traditional practices and regulations of classification societies, developed over decades, provide a strong foundation for safety and reliability in the shipping industry. In response to the challenges posed by digital transformation, classification societies have recognized the importance of incorporating innovative strategies into their operations. This study aims to contribute to understanding The influence of the digital revolution on the trajectory of the future of classification societies and provide valuable insights for classification societies seeking to navigate the complexities of digital transformation and drive sustainable innovation in the maritime sector. This study will analyze existing research and literature to comprehend the consequences of digital transformation on classification societies' operations. This Study uses a systematic literature review to identify the critical digital transformation and innovation strategies employed by classification societies. The Data is taken from the Scopus Database and identifies several countries of origin for the publications, allowing for a comprehensive analysis of global perspectives on this topic. The result of this study will provide valuable insights into the digital transformation and innovation strategies that classification societies are adopting to address the challenges in the shipping industry. The finding implies that classification societies increasingly prioritize technological advancements and innovative approaches to ensure they remain relevant and effective in the digital era. The findings of this study will offer valuable insights for classification societies, industry stakeholders, and policymakers better to understand the implications of digital transformation and innovation strategies. Furthermore, the analysis will provide a robust foundation for future research and strategic decision-making in classification societies and the shipping industry.