Mentions of the Internet of Things in maritime company filings increased by 23% between the second and third quarters of 2021.
In total, the frequency of IoT-related phrases between October 2020 and September 2021 was 64% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking the top issues discussed in businesses. deposits.
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. The Internet of Things is one such topic – companies that excel and invest in these areas are expected to be better prepared for the future business landscape and better equipped to overcome unforeseen challenges.
To assess whether the Internet of Things features more 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 IoT at least once in their filings over the last twelve months: 58% versus 39% in 2016. Second, we calculated the percentage of the total sentences analyzed referring to the Internet of Things.
Among the 50 largest employers in the maritime industry, Nagoya Railroad Co., Ltd. is the company that most frequently referred to the Internet of Things between October 2020 and September 2021. GlobalData identified six phrases related to the Internet of Things in the Japan-based company. company deposits – 0.4% of all penalties. Kintetsu World Express Inc mentioned the Internet of Things in second place – the issue was also mentioned in 0.4% of sentences in company filings. Korean Air Lines Co Ltd, COSCO Shipping Holdings Co Ltd and ID Logistics Group are other top employers with high IoT endorsements.
This analysis provides a rough indication of which companies are focusing on IoT and the importance of the issue in the maritime industry, but it also has limitations and should be interpreted with caution. For example, a company mentioning the Internet of Things 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 Internet of Things have been successes or failures.
GlobalData also categorizes Internet of Things mentions according to a series of subtopics. Of these subtopics, the most commonly mentioned topic in Q3 2021 was “ambient commerce,” which accounted for 39% of all IoT subtopic mentions by maritime businesses.
Data Journalism Team