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Uncharted Waters: Maritime Blazes a Trail with AI

#artificialintelligence

Whether shipping organizations work together with huge companies such as Microsoft and Google or one of the many new maritime startups (whose numbers have recently exploded with "more than $3.3 billion …invested in digital startups in the shipping and logistics sector") it appears that shipping is not just ripe for change anymore, it's changing. If you need more convincing, a recent Inmarsat survey of 125 global ship owners found that "ship owners are far more open to deploying IoT tools for analytic, management, and operational purposes than some other industries, including mining and agriculture" and "average expenditure per business on IoT based solutions will amount to $2.5 million over the next three years" while IDC tells us that "The DX (digital transformation) programs that will receive the most funding in 2018 are digital supply chain and logistics automation ($93 billion)". An industry that has often been described as "behind the times" is now proving itself to be quite the opposite. With this in mind, I ask several experts in shipping and maritime innovation and technology, representing both large organizations and startups, to share their thoughts on how they see AI impacting the shipping industry right now.