Concept Note
The ocean economy is experiencing digitalization like every other sector, but the digital transformation of the ocean is complex due to the lack of communications infrastructure and challenges of the underwater environment. Innovative technologies are enabling collection of data about oceans and ocean assets like never before. The ocean data collection is supplemented with enhanced data analysis, interoperability, and access to support decision-making across multiple ocean sectors. Ocean-based industries are also expected to outpace performance of the world economy as a whole, both in terms of economic contribution and employment, and technology companies are taking cognizance of the fact and developing applications for the ocean economy as part of their growth strategies and commitments to climate action.
The digitalization of the ocean also raises the need for the development of an integrated hydrospatial infrastructure. Initiatives like the Digital Twin of the Ocean are collaborative by nature, and are dependent on vast troves of data from diverse sources, integrating existing as well as new data flows. Hydrospatial infrastructures need to evolve to be more collaborative, integrating technology, data, and knowledge from hydrographic, oceanographic, and geospatial agencies, private technology providers, and users from diverse blue economy user domains. Integrated hydrospatial infrastructures should thus provide actionable knowledge which generates value for users across blue economy sectors, as well as support national blue economy strategies thereby delivering economic value to country’s growth and development.