How AI and IoT are transforming logistics
One of the biggest challenges in logistics is keeping track of where everything is. While most transportation and logistics service providers employ mobile technologies, a constantly changing regulatory environment, rising labor rates, increased traffic, and the volatile nature of fuel prices can all impact operations. Additionally, companies are also facing the growing demand from the market for increased transparency.
The latest developments in AI and IoT are shaping the future of logistics with data-driven, intelligent supply chains employing machine learning (ML) systems. AI can deliver increased optimization in logistics while giving businesses speed and flexibility in meeting customer demands and industry trends.
Real-time tracking and remote monitoring solutions for smart logistics
IoT and AI have the unmatched potential in keeping almost everything connected (e.g., assets, trucks, etc.) using embedded sensors. This provides unprecedented visibility into personnel, operations, equipment and transactions. With the proper intelligent solution in place, companies can connect all their assets across a centralized cloud network. Critical data can be captured for further analysis with machine learning models, which can ensure operations are in good working order. Logistic operations will benefit not only by enhanced asset tracking and remote fleet management, but also through improved compliance, performance, agility, risk reduction and efficiency.
Once a proper IoT-enabled infrastructure is created and deployed, it enables an organization to easily locate and monitor key assets to optimize logistics, prevent quality issues, and maintain inventory levels. Users can analyze the collected data and identify patterns to take the right actions and optimize business processes. IoT-driven solutions allow fleet managers to monitor and manage everything through a single interface, which helps them make informed decisions about how goods are monitored, stored, routed and delivered to customers. A recent study suggests that companies that invested in IoT have observed dramatic increases in efficiency.
By employing embedded sensors, connected devices and analytics technologies, companies in transportation and logistics can intelligently mine their complex asset databases, optimize operations and create new revenue possibilities. AI-generated predictive analytics can also be employed to avoid risk, optimize routes, predict demands, prevent inaccurate stocking and respond proactively to future developments.
What AI and IoT in logistics can do for you
• Remote asset tracking
• Predictive asset maintenance
• Real-time fleet management
• Warehouse-capacity optimization
• Route optimization
Logistic operations require a lot of planning, flexibility and intelligence to address problems. AI and IoT can efficiently automate many processes but can also help companies save a considerable amount of time and money in ensuring smooth operations. Contact us to learn how we can improve your operations in logistics.