OrbitMI CEO Ali Riaz has been named among the Top 10 Technology Leaders of 2024 in Lloyd’s List Intelligence’s prestigious annual rankings of the 100 most influential people in shipping, underscoring the NYC-based maritime software company’s leading role in digital transformation of the industry.
Riaz, who retained his sixth ranking from last year, represents the only pure software-as-a-service (SaaS) firm on the keenly watched list of leading players “driving real digital change across the maritime industries” that is this year dominated by equipment manufacturers.
Responding to the accolade, Riaz says: “It is a great honour to be featured again on the list. This is recognition of a collective effort by OrbitMI’s talented team, together with our partners, in developing innovative solutions that are driving sustainability through operational efficiencies.
“OrbitMI’s vessel performance platform delivers measurable results, including significant reductions in fuel consumption and emissions. With a commitment to evolving alongside green regulations, the platform continues to meet the dynamic needs of the maritime industry.”
Innovative platform built on collaboration
OrbitMI, spun out of Stena Bulk in 2019, is dedicated to breaking down software siloes that limit efficiency. Its platform integrates multiple APIs into a single user interface, creating intelligent connected workflows. This approach unlocks hidden data value and delivers actionable insights, empowering more efficient voyage decision-making.
The company’s guiding principle of “transformation without disruption” highlights its SaaS solution’s ability to integrate with existing digital systems without requiring additional hardware or software installations. This approach prioritizes innovation that is empathetic and tailored to the needs of the end-user.
Riaz earlier spearheaded the company’s collaboration with French class society Bureau Veritas' Marine & Offshore division, with the pair focusing on development of new solutions - for example, geared towards FuelEU Maritime compliance - based on an holistic approach to solve operational challenges and accelerate decarbonization of the industry.
Bolstering leadership in digital transformation
The focus of the technology leadership list has shifted from digital transformation two years ago through hybrid technologies in 2023 to this year’s emphasis on hardware-based innovations.
Consequently, some previously listed software players have dropped out of the top rankings amid increasing competition and consolidation in the market for digital solutions.
Reflecting on this trend, OrbitMI’s Chief Operating Officer Youn Lee says: “The evolving priorities in maritime technology—like cleaner fuels, automation, and greener infrastructure—are driving greater competition. OrbitMI’s repeated inclusion on this list reflects our resilience and leadership in a dynamic market. Our flexible and scalable SaaS model, coupled with a strong focus on partnerships and sustainability, ensures we stay ahead by enabling faster adoption of innovative digital solutions.”
