Classification society LR has launched a new digitalisation ‘Readiness Assessment’ interactive tool, designed to help maritime stakeholders evaluate their activities around decarbonisation, digital transformation, efficiency and performance.
The tool is supported by a newly published report on the state of digital transformation through artificial intelligence and machine learning in the maritime industry, titled ‘Artificial Intelligence in Maritime – a learning curve’.
The report, produced in collaboration with maritime innovation consultancy Thetius, highlights the potential impact of AI on the maritime sector, and how it could be used to give maritime companies a performance edge.
The research indicates that the maritime industry will spend $931 million this year on artificial intelligence systems, and is forecast to more than double that spend in the next five years to $2.7 billion as AI technology is more readily adopted for application in autonomous shipping, navigational support systems, and vessel performance optimisation.
“We are committed to supporting the sustainability and efficiency of our clients’ fleets and by using our new ‘Readiness Assessment’ tool, we can gather powerful insights about how the industry is preparing for monumental changes, and specifically, we can help our clients assess readiness and support them every step of the journey,” said Andy McKeran, LR’s Maritime Performance Services Business Director.
“Artificial Intelligence is a transformational technology that will allow maritime companies across the maritime asset value chain to not only get ahead of the market but accelerate their digital transformation and meet the challenges of the upcoming energy transition.”
“Through i4 Insight, we have developed vast experience is in the use of AI for vessel optimisation and helping to ultimately improve vessel performance and we have also recently established an AI register to help standardise certified AI providers and solutions. We are delighted to work in collaboration with Thetius on this new report and look forward to providing continued trusted advice to our clients around this transformational technology.”