Maritime Industry Filing Buzz: 27% Drop in Cloud Computing Mentions in Q3 2021

In total, the frequency of cloud computing-related phrases between October 2020 and September 2021 was 100% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking top 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. 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 37% compared to 20% in 2016. Second, we calculated the percentage of the total parsed sentences referring to cloud computing.

Among the 50 largest employers in the maritime industry, Sinotrans Ltd is the company that made the most references to cloud computing between October 2020 and September 2021. GlobalData identified 11 cloud-related phrases in documents filed by the based company. in China, 0.3% of all sentences. Poste Italiane Group mentioned cloud computing in second place – the issue was also mentioned in 0.3% of the sentences of the company’s filings. Uber Technologies Inc, China International Marine Containers (Group) Co Ltd and COSCO Shipping Holdings Co Ltd are other top employers with high cloud mentions.

Among all companies in the maritime sector, the file published in the third quarter of 2021 that placed the most emphasis on cloud computing came from Uber Technologies Inc. Of the 1,266 sentences in the document, six (0.5%) 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.

Last quarter, US-based maritime companies were the most likely to mention cloud computing with 0.05% of sentences in company filings referencing the issue. In contrast, companies headquartered in Asia mention cloud computing in just 0.04% of sentences.

Data Journalism Team

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