Artificial Intelligence: The future of the maritime industry

Artificial Intelligence (AI) is poised to change human lives momentously, and the maritime sector is no exception. AI has been incorporated into shipbuilding, with a number of corporations already successfully implementing it. AI may prove to be a difference maker in the cutthroat world of the maritime industry. Artificial Intelligence Companies in the maritime industry have a lot of information stored in many documents, numbering in the hundreds or even thousands. Companies who wish to digitalise said information will require a large amount of time and manpower, to not only input information, but also to sort through it. Through AI, digitalisation comes easier as Artificial Intelligence is poised to change human lives momentously, and the maritime sector is no exception. AI has been incorporated into shipbuilding, with a number of corporations already successfully implementing it. allows for operations requiring a large amount of manpower to be performed in a short amount of time. Projects that may take months that involve the tidying up, processing and entering of data can be done in a matter of hours, and presented in an easily understood format. The amount of manpower required for the projects would also no longer be an issue. Furthermore, the steps taken by the AI to process the data is fully traceable, so there is no need to be afraid to use it.   The use of AI brings forth many benefits for companies. As a result of the automation of processes, there would be a reduction of errors from misinformation and human error. Companies are also able to save on labour cost by automating difficult and time-consuming processes such as cleaning up of the data and entering the data themselves, and human employees can be better used elsewhere where their talents are better suited. As companies embark on various projects, they will continue to accumulate information. AI will allow companies to utilise the information that they have amassed and process it, allowing the AI to add this new knowledge to future projects. By doing so, they are able to improve their new projects.   The introduction of such an AI application would therefore help to streamline and simplify the digitalisation of the maritime industry, and will hopefully push the industry forward.   Source: Maritime Executive

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