Marine Filing Buzz: 15% Increase in Big Data Mentions in Q3 2021

Mentions of big data in maritime company filings increased by 15% between the second and third quarters of 2021.

In total, the frequency of big data-related phrases between October 2020 and September 2021 was 69% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking key issues mentioned in filings. by companies.

When maritime companies publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces companies will face in the years to come. Big Data is one such topic – companies that excel and invest in these areas are seen as better prepared for the future business landscape and better equipped to overcome unforeseen challenges.

To assess whether big data is more present in the summaries and strategies of companies in the maritime sector, two measures were calculated. First, we looked at the percentage of companies that mentioned big data in filings at least once in the last twelve months – it was 59% compared to 44% in 2016. Second, we calculated the percentage of the total sentences analyzed referring to big data. The data.

Among the 50 largest employers in the maritime industry, Yamato Holdings Co Ltd is the company that made the most references to big data between October 2020 and September 2021. GlobalData identified 26 sentences related to big data in the documents filed by the Japan-based company – 0.7% of all phrases. Nippon Yusen Kabushiki Kaisha mentioned Big Data second – the issue was mentioned in 0.6% of sentences in company filings. COSCO Shipping Holdings Co Ltd, Korea Shipbuilding & Offshore Engineering Co Ltd, and Uber Technologies Inc are other top employers who cite a lot of big data.

Of all the companies in the maritime sector, the dossier published in the third quarter of 2021 that placed the most emphasis on big data came from Uber Technologies Inc. Of the 1,266 sentences in the document, 11 (0.9%) referred to big data.

This analysis provides a rough indication of which companies are focusing on big data and how important the issue is within the maritime industry, but it also has limitations and should be interpreted with caution. For example, a company mentioning big data more regularly is not necessarily evidence that it is using new techniques or prioritizing the problem, nor does it indicate whether the company’s businesses in the field big data have been successes or failures.

GlobalData also categorizes big data mentions according to a series of subtopics. Of these subtopics, the most commonly mentioned topic in Q3 2021 was “data analytics,” which accounted for 65% of all big data subtopic mentions by companies in the maritime industry.

Data Journalism Team