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Class 1 (Chief Engineer) Engineering Management 📅 Jul 2022

Exam Question

Maritime industries have taken several initiatives to explore new digital technologies and "Artificial Intelligence (AI)" is one of such initiatives. With brief introduction on the principles of AI, explain the following:

(a) Advantages and Disadvantages of using AI in maritime industry.

(b) How AI is changing the maritime industry.

(c) How AI create new risks and opportunities for insurance company and classification society.

Reference Answer

### Introduction to Artificial Intelligence (AI) Principles
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The goal of AI is to create systems that can perform tasks that would normally require human intelligence, such as visual perception, speech recognition, decision-making, and language translation. Key principles and sub-fields relevant to the maritime industry include:
* **Machine Learning (ML):** This is a subset of AI where algorithms are trained on large datasets to learn patterns and make predictions or decisions without being explicitly programmed for the task. For example, an ML model can analyze historical machinery vibration data to predict an impending failure.
* **Neural Networks:** Inspired by the structure of the human brain, these are complex algorithms used for recognizing intricate patterns. In a maritime context, they are used in computer vision systems for object detection (e.g., identifying other vessels, buoys, or obstacles) in autonomous navigation.

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