2024 research estimates that the AI market is currently worth of US $4.13 billion with a predicted 5-year Compound Annual Growth Rate (CAGR) of 23%.
Thetius report commissioned by Lloyd’s Register explores the current state of operational AI in the maritime industry. It examines the latest trends and developments in AI applications, showcasing successful implementations, and discusses the critical considerations for achieving a successful return on investment (ROI).
Venture capital firms are pouring significant investments into startups and SMEs supplying AI technologies.
From predictive maintenance to autonomous navigation, the report showcases real-world case studies and offers vital insights on key considerations for AI investment, such as data quality, regulatory challenges, cost, human-AI relationships, scalability, and cybersecurity.
