AI technology, from language models like ChatGPT to advanced email tools, is surging. A whopping 97% rise in company filings mentioning artificial intelligence in Q1 of this year compared to the previous quarter.
The future is AI-driven
At the start of the year, Microsoft’s Chief Executive Satya Nadella declared that “the age of AI is upon us.” AI is not only revolutionizing how we interact with technology, but changing the way we think about the world around us.
While there has been some concern on how this may impact certain jobs and functions, businesses are already using the technology for
- ideation and brainstorming,
- translation,
- text completion,
- sentiment analysis,
- email management,
- document summarization.
This includes both modern-day businesses as well as long-established sectors, such as the supply chain sector, an industry rebounding from the fallout of numerous global challenges in recent years.
By applying AI algorithms, companies can predict future cargo demand with greater accuracy to
- optimize their inventory levels,
- identify the optimal routes for delivery vehicles,
- and improve warehouse operations.
A new era for AI in the maritime industry
AI holds the key to transforming the maritime industry amid the chaos caused by the pandemic. By optimizing fleet operations and shipping routes through machine learning and big data analysis, cost-savings and efficiency gains are within reach.
Autonomous ships, AI-assisted cargo handling, and sustainability initiatives are reshaping the industry’s future.
The potential benefits have accelerated the adoption of AI, with a significant number of maritime tech start-ups embracing data-driven decisions for automation and faster decision-making. At Sedna, we’ve been focused on leveraging AI to automate email inboxes and revolutionize shipping’s potential.
The drive for automation
The maritime industry has witnessed a rapid surge in automation adoption, fueled by enduring lockdowns and remote-based work. While automation may be considered less glamorous, it offers substantial benefits, delivering efficiencies and time savings.
From automating port call documents to charter party processes and non-compliance checks, tasks are streamlined consistently and effectively. The potential cost-savings are significant, with DNV projecting up to 30% reduced operating costs for shipowners through digital systems.
Automating the email inbox
With the vast number of emails being exchanged daily in the shipping industry, email remains the primary mode of communication and transactions. However, the current inbox situation calls for greater automation. While other office systems have become obsolete, email continues to dominate.
A staggering 40% of workers spend a significant portion of their workweek on manual tasks, including data collection and entry. For maritime and supply chain businesses handling numerous incoming messages daily, such as weather, environment, location, and cargo data, the risk of missing crucial information or duplicating actions is constant.
The result:
- faster customer response time,
- better data,
- less time spent.
Sedna is leading the way in revolutionizing email management with cutting-edge technology. Our AI-driven features automate repetitive tasks within the inbox, including
- invoice processing,
- data deletion,
- quote management,
- tracking SLAs and ETAs.
Speeding up digital maritime: What’s next for AI?
Artificial intelligence is revolutionizing the world, and the potential is boundless. The shipping industry, a longstanding pillar of global trade, must embrace AI to ensure continued success in our interconnected world.
Sedna recognizes the power of AI, starting with transforming the email inbox. Leveraging data-driven solutions, we empower customers to enrich messages, boost business performance, and gain a competitive edge. Embracing AI will drive digital, automated, and efficient shipping, securing its leading global role for years to come.
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Source: Hellenic Shipping News
