Climate change, demand for energy efficiency, evolving regulations, and technological advancements such as sensors and robotics are leading a paradigm shift within the shipping industry. Players are compelled to build data management and analytics capabilities in order to skillfully navigate through these shifts and market demands. Ships and freights now generate huge volume of data from various sources. In order to stay relevant and competitive, shipping companies need to build business intelligence by tapping into the rich source of information. This requires gathering and processing data in real time that can facilitate proactive problem solving and smoother operations.