Automation and AI are the future of the Logistics and Transport Sectorby John S. Product Consultant & Observer
It’s no brainer that Artificial Intelligence and Machine Learning have simplified and enhanced the way industries function. The Logistics and supply chain sectors are leveraging AI and automation for better efficiency with solutions like GPS Tracking and Fleet Management.
Today technology is more advanced than ever. Artificial Intelligence is easily accessible. More companies are willing to adopt it. According to a study by McKinsey, 58% of the organisations have embedded at least one AI assistant tool in at least one function or business unit.
Freight and Fleet Management Industry
In the Transport sector, automation and AI are applied to monitor and manage fleet activities. It helps in reducing extra costs, unnecessary overheads, uncalled for frauds and pilferage. These are the primary aspects that you see, but there’s a lot that the data and history say too. AI also identifies those hidden insights that help in resource planning, decision making and managing fleet efficiency.
With the time and the enhancement of AI and machine learning, predictive analysis has become more accurate. The more data we have the better the analysis will be.
It will help in better route planning software considering multiple aspects - weather conditions, vehicle or trip history, time of the year or day and other scenarios. Similarly, Last-mile delivery is streamlining its broad spectrum of tasks into a few with automation. From route planning to delivery management, driver’s availability to vehicle’s capacity, AI can optimize the process all through.
AI and ML have a crucial role to play in video telematics. Advanced Driver Assistance System -ADAS is one gem of a product of this technology that you get with an advanced level Fleet Management System. Many big enterprises have already adopted ADAS and have shown tremendous results. These technologies have the potential of reducing crashes by 40%, and deaths due to these accidents by 29%.
GPS Tracking software has already optimised most of the tasks that were done manually before. It has made the life of fleet managers hassle-free. As more and more fleet owners upgrade their technology, operations will become simpler and better.
Things to keep in mind before investing in them
Yes, automation and AI are the future of Logistics and Transportation but before making a bomb on investment in the technology, make sure you do your research well. Evaluate the quality of the data that your current software produces. A messed up data and crooked analysis will make things worse and not better. In case, you are willing to upgrade your tech stake, it would be better if you assess the current capabilities of your system. You can take help from your current provider to understand your existing stack. You may also enquire about the one you are willing to upgrade to.
TrackoBit is always up for providing you with any assistance you require in fleet management solutions. Ours is one of the best in business right now. With regular upgrades, we keep abreast of the technological advancements too.
Created on Dec 21st 2022 06:54. Viewed 69 times.