November 2024
Ocean Tech: Explorers
In the second part of our series, we deep dive into technologies that allow us to understand the ocean.
Key takeaways
- The ocean covers 75% of the Earth's surface, yet there's so much we still don't know about it. In fact, we have only mapped around 26% of the global seafloor and are unaware of at least two-thirds of marine species. But analysis of ocean data can bring many benefits, including helping to better forecast the impact of a changing climate, predict undersea earthquakes and tsunamis, map marine life and establish subsea communications connections.
- Bank of America Institute's three-part 'Ocean Tech' series explores ocean technologies through three lenses: Transformers, Explorers, and Savers – all focused on entry points that interrelate with the ocean.
- In part two we discuss 'Explorers,' innovations that allow us to understand the ocean, including submersibles, AI, the 'ocean of things,' sensors, and sonar/LiDAR (light detecting and ranging) technologies.
Read our full analysis for a more in-depth look at these trends.
