Maritime Industry Filing Buzz: 32% Drop in Cloud Computing Mentions in Q4 2021

Mentions of cloud computing in maritime company filings fell 32% between the third and fourth quarters of 2021.

In total, the frequency of cloud computing-related convictions in 2021 was 90% higher than in 2016 when GlobalData, from which our data comes from for this article, began tracking the top issues mentioned in company filings.

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 38% compared to 19% in 2016. Second, we calculated the percentage of the total parsed sentences referring to cloud computing.

Among the 10 largest employers in the maritime industry, Post Italiane is the company that referred to cloud computing the most in 2021. GlobalData identified 35 cloud-related phrases in the Italian-based company’s records, i.e. 0.3% of all sentences. Yamato mentioned cloud computing in second place – the issue was mentioned in 0.15% of sentences in the company’s filings. FedEx, Kuehne + Nagel, and UPS are among the other top employers with high cloud mentions.

Of all the companies in the shipping industry, the Q4 2021 filing that placed the most emphasis on cloud computing came from Uber. Of the 1,306 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.

GlobalData also categorizes mentions of cloud computing according to a series of subtopics. Of these subtopics, the most commonly mentioned topic in Q4 2021 was “Software as a Service,” which accounted for 100% of all cloud subtopic mentions by maritime businesses.

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