Marine Industry Filing Buzz: 88% Increase in Cloud Computing Mentions in Q1 2022

Mentions of cloud computing in maritime company filings increased by 88% between the last quarter of 2021 and the first quarter of 2022.

In total, the frequency of cloud computing-related convictions between April 2021 and March 2022 was 76% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking the top issues mentioned in filings by businesses.

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

To assess whether cloud computing 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 cloud computing at least once in their filings over the last twelve months – this was 39% compared to 18% in 2016. Second, we calculated the percentage of the total sentences analyzed referring to the cloud. computing.

Among the 10 largest employers in the maritime industry, Post Italiane is the company that made the most references to cloud computing between April 2021 and March 2022. GlobalData identified 35 cloud-related phrases in the records of the company based in Italy, 0.3% of all sentences. Yamato mentioned cloud computing in second place – the issue was mentioned in 0.13% of sentences in the company’s filings. FedEx, DSV, and UPS are other top employers with high cloud mentions.

Of all the companies in the maritime sector, the dossier released in the first quarter of 2022 that placed the most emphasis on cloud computing came from Schneider. Of the 1,400 sentences in the document, five (0.4%) referred to cloud computing.

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

GlobalData also categorizes mentions of cloud computing according to a series of subtopics. Of these subtopics, the most commonly mentioned topic in Q1 2022 was “Software as a Service,” which accounted for 100% of all cloud subtopic mentions by maritime businesses.

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