Rolls-Royce's new centre will see it partner with the Technical Research Centre of Finland (VTT) and Tampere University of Technology (TUT), together with numerous SMEs and start-ups specialising in novel technologies. The aim of the alliance, an ecosystem bringing together global forerunners and agile ICT start-ups, is to provide the world's first autonomous maritime products, services and a flourishing ecosystem by 2025. Sauli Eloranta, SVP of Rolls-Royce, said: "Finland is the home of top ICT expertise and a strong maritime cluster. That is why Rolls-Royce has decided to establish the centre in Turku." The Finnish Funding Agency for Innovation (Tekes) is committed to funding the work of the Alliance, its ambitious research and development projects, and its innovations in order to achieve the aim of remotely operated and autonomous shipping in the forthcoming years.
Remember those times when we had to stand in a long queue to pay our utility bills? I clearly remember those odd times when we would have to wait for hours if we wanted to make an international call from a PCO. The case was almost similar when we needed to ship things from one part of the country to another. Except for, in the latter case, it was until very recently. But today, with the advent of technology and its roots spreading across various verticals, our life has been simplified.
This article about the best artificial intelligence logistics startups is part of the "Logistics of the Future" series looking at the top logistics startups today. We are officially living in the age of Artificial Intelligence. It's everywhere we look, from AI-powered personal assistants to predictive analytics to making medical diagnoses, Artificial Intelligence is making incredible advances across all industries. In fact, a recent report on the state of Artificial Intelligence for enterprises found that supply chain and operations are some of the top areas where businesses are driving revenue from AI investment. Why is AI making such a big difference in the logistics and supply chain, particularly?
New and original research into maritime startups conducted for Inmarsat by UK GovTech venture firm and research house, PUBLIC, concludes that more bandwidth connecting ships to shore at lower cost than ever before is empowering a new breed of single-minded innovators to bring the true benefits of digitalisation to the shipping and offshore sectors. The report, 'Trade 2.0: How Startups are driving the next generation of maritime trade', and co-authored by Nick Chubb and Leonardo Zangrando, locates the maritime sector at an inflection point; open to big data, blockchain, artificial intelligence (AI) and cloud computing, at a time when emissions regulations are pushing it away from the fossil fuels that have framed its business model. Estimating that this market is worth US$106bn as a whole today, the report predicts the value of Ship Technology (ShipTech) rising to US$278bn by 2030. Significantly, in what represents the first ever market value estimate, they go on to predict exponential growth for maritime startups. The projection is based on direct input from 100 startups and two years of tracking 240 active startups by the authors' database of maritime innovation.
Unmanned marine vehicles will use sensors & AI to crisscross the world's oceans without a crew – potentially lowering costs & improving safety for the $334B shipping sector. Just as driverless cars and trucks are bringing huge changes to the auto industry, and drones are disrupting everything from emergency response to conservation, autonomous ships are becoming the next major transportation innovation. A number of startups and governments are piloting "unmanned marine vehicles" or crewless cargo boats, with the potential to disrupt the $334B shipping industry. Rolls-Royce already demonstrated the world's first remotely operated commercial vessel earlier this year, and the US military is testing an experimental, autonomous warship called the Sea Hunter. Fully autonomous ships aren't yet allowed in international waters.