Mentions of artificial intelligence in company filings in the maritime industry increased by 33% between the third and fourth quarters of 2021.
In total, the frequency of AI-related convictions in 2021 was 268% higher than in 2016, when GlobalData, from which our data is drawn for this article, began tracking key 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 companies will face in the years to come. Artificial intelligence 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 artificial intelligence is more present in the summaries and strategies of companies in the maritime industry, two measures were calculated. First, we looked at the percentage of companies that mentioned artificial intelligence at least once in their statements over the last twelve months – it was 63% compared to 28% in 2016. Second, we calculated the percentage of the total of sentences analyzed referring to artificial intelligence. intelligence.
Among the 10 largest employers in the maritime industry, Yamato is the company that has made the most references to artificial intelligence in 2021. GlobalData has identified 10 phrases related to artificial intelligence in the records of the company based in Japan, 0.5% of all sentences. Post Italiane mentioned artificial intelligence in second place – the issue was mentioned in 0.2% of sentences in company filings. FedEx, Alstom and Royal Mail are other top employers with high mentions for artificial intelligence.
Of all the companies in the maritime sector, the dossier published in the fourth quarter of 2021 that placed the most emphasis on artificial intelligence came from K Line. Of the 1,304 sentences in the document, 10 (0.8%) referred to artificial intelligence.
This analysis provides a rough indication of which companies are focusing on artificial intelligence 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 that mentions artificial intelligence more regularly is not necessarily proof that it is using new techniques or prioritizing the problem, nor does it indicate whether the companies in the company in the field of artificial intelligence have been successes or failures.
GlobalData also categorizes mentions of artificial intelligence according to a series of subtopics. Of these subtopics, the most common topic discussed in Q4 2021 was “computer vision,” which accounted for 33% of all artificial intelligence subtopic mentions by maritime companies.