(Photo: Seamens’ Church Institute)
In 2001, George Burkley, a maritime educator, wrote a look-ahead article for Maritime Reporter and Engineering News, presenting the benefits and real-world payoffs from using simulators in maritime education. In the late 1990s, new tech and software advances were creating scenario programs that moved a student closer and closer to the realities demanded by, well, reality. “The future is here, and we are ready to simulate it,” Burkley concluded.
Burkley is now executive director at the Maritime Pilots Institute in Covington, La. In a recent interview he recalled how 20 years ago simulator training might include an actual ship’s engine order telegraph, to mimic an actual ship. “We don’t do that anymore,” Burkley laughed, “regarding automation, the simulators got ahead of the ships. Now the ships are catching up. Students know there is no handle for something, just a touch screen.”
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Rajashekhara V Maiya, Global head of Business Consulting and Product Strategy for Infosys Finacle, discusses five trends affecting banks and financial service providers.
January 04, 2021
In 2020 when we introduced the theme of “Scaling Digital,” little did we imagine the speed and intensity with which it would take hold. We continue with the same broad theme in 2021 as “Scaling Digital Leadership.”
This article takes a look at the 5 “scaling digital” business trends that will make the most impact on banks and other financial service providers around the world in the new year. The trends are, inevitably, discussed against the backdrop of the Covid-19 pandemic, which rewrote almost every important aspect of banking, perhaps forever, and amplified the need and urgency for digital transformation at scale.
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