Maritime Filing Buzz: 67% Increase in Artificial Intelligence Mentions in Q2 2022

Mentions of artificial intelligence in maritime industry company filings increased by 67% between the first and second quarters of 2022.

In total, the frequency of convictions related to artificial intelligence between July 2021 and June 2022 was 295% higher than in 2016, when GlobalData, from which our data is drawn for this article, began tracking the main problems mentioned in the documents filed 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. Artificial intelligence 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 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 – this 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, Post Italiane is the company that made the most references to artificial intelligence between July 2021 and June 2022. GlobalData identified 39 sentences related to artificial intelligence in the files of the Italian-based company – 0.3% of all phrases. . Yamato mentioned artificial intelligence in second place – the issue was mentioned in 0.16% of sentences in company filings. FedEx, Royal Mail and DSV are other top employers with high mentions for artificial intelligence.

Of all the companies in the maritime sector, the dossier released in the second quarter of 2022 that placed the most emphasis on artificial intelligence came from Mainfreight. Of the 1,188 sentences in the document, seven (0.6%) 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 frequently mentioned topic in Q2 2022 was “conversational platforms,” which accounted for 36% of all artificial intelligence subtopic mentions by maritime companies.

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