Commentators wax lyrical about how AI is set to transform the maritime industry, and for good reason. Increasingly attractive use cases are emerging in applications such as route optimization, navigational safety, fuel efficiency, compliance, predictive maintenance, and cargo management.
But amid the hype, and as companies rush to bring AI MVPs to market and into their fleets, there needs to be a concerted effort by the industry to develop collaborative forums and policy frameworks. .
In the wise words of the late Stephen Hawking, “Successfully developing AI could be the greatest event in the history of our civilization. But we must know how to avoid the risks.” Unless you learn, it could be your last.”
Maritime CEOs spoke to Aboutships CEO Manish Singh about his views on the opportunities and risks that AI adoption poses to the maritime sector.
“We are seeing early adopters in the maritime sector deploying AI with varying degrees of effectiveness. However, as companies rush to take a seat on the maritime AI stage, we are seeing GPT at the end of maritime terms. There seems to be a tendency to paste it on and rush the application,” says Singh. “Often this happens prematurely, without an optimal data architecture and before the right policies and resiliency frameworks are in place.”
He said there was potential for transformation in almost every area of maritime supply chain operations, but warned that there were also very real and immediate risks to consider.
Singh points out that data consistency and quality still have room for improvement. And with cyber breach incidents in the maritime sector rapidly increasing, companies must first strengthen their cyber resilience before safely integrating AI into their operations.
Singh said data ownership remains a “vague concept” in the maritime services sector, and as companies leverage AI to generate and monetize insights, data privacy, ownership and third-party ownership are becoming increasingly important. We expect to see more disputes over liability regarding access. ”
The range of considerations is vast, rapidly changing, and does not follow a one-size-fits-all pattern, advises Singh. In his interactions with technology investors, his CEOs from other industries, research institutes and others, Singh said there is an urgent need to raise awareness and create a collaborative approach to his AI within the maritime sector. I feel it.
Therefore, as part of our support to the industry, AboutShips is strengthening its multidisciplinary team of experts, including Maritime CEOs, technologists, data scientists, machine learning experts, intellectual property law experts, and more. and the Splash team will also be partnering. This initiative will provide AI insights to the industry in the coming months.
Singh will be speaking at the Making Data Actionable Workshop on May 2nd. Geneva Dry.
