Artificial intelligence is one of the most transformative technologies in modern history. This benefits businesses all over the world by increasing efficiency and resource utilization. AI has also made its way into logistics, where it can provide numerous benefits to companies willing to embrace the new technology.
In the logistics industry, artificial intelligence is a rapidly growing field that has the potential to fundamentally change how businesses operate. Leaders in the industry are developing cutting-edge solutions for driverless vehicles and other novel technologies. These advancements offer numerous advantages, including increased efficiency in management functions such as order fulfillment, improved inventory accuracy, shorter delivery times, and more accurate forecasting models.
All of these features have the potential to overhaul and improve the way we use transportation every day.
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In this article, we take a look at all the amazing ways AI is revolutionizing the transportation industry…
1. Route optimization
The combination of AI and IoT is a one-of-a-kind duo, enabling route optimization for every user. Every smartphone or smart asset is now enabled with built-in GPS for added convenience. Therefore, route optimization is one of the main features that facilitate supply chain processing during transportation. Drivers can easily choose the shortest route to reduce fuel consumption and at the same time deliver the product earlier.
2. AI traffic management
We all got there, sat in a traffic jam and wondered if the lights were ever going to turn green!
Well, machine learning is now being used to avoid traffic jams and systems can now process complex data and recommend the best route for commuters. Traffic cameras can be used to send information back to a control center, where algorithms can estimate how much traffic is on the road. This information can be used to change traffic lights according to real-time road congestion.
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A particularly interesting/promising traffic flow management tool is surtrack. Designed specifically for urban areas, it allows lights at intersections to respond to vehicle flows on an individual level rather than being part of a centralized system.
3. Furnished travel tickets
Looks like impressive technology like 'Oyster Card' may soon be surpassed! Chips can now be implanted in passengers' hands, which can be scanned at entry and exit fare gates at train stations.
Passengers in Sweden are testing microchip implants as tickets, and SJ trains have even started scanning the hands of passengers on their trains.
4. Sudden increase in TMS investments
According to recent studies, the global market for AI in transportation is expected to reach $3.5 billion by 2023. Realizing this unique potential of AI, businesses in the transportation sector are making significant investments in AI and cloud-based transportation management platforms to improve revenue. Generation and ahead of their competitors.
5. AI in the driver app
AI has become ubiquitous in our daily lives. For example, each driver has an app that automatically clocks in when they enter the truck and tracks their hours, i.e. when they change hubs. Imagine how amazing and exciting the AI-driven future will be! This is just a glimpse of the opportunities and possibilities that technology offers.
6- AI in fuel management
The effectiveness of data-driven and autonomous dispatching leaves the opportunity for optimization levels out of the question.
Transport companies are starting to use AI and machine learning for fuel optimization, operational planning & allocation based on geospatial & status data, dynamic route management and control.
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7- Transparency in transactions through blockchain
Blockchain, primarily known as a decentralized digital ledger used for trading cryptocurrencies, is being used by many organizations to optimize their transactions. This not only makes transactions more safe & secure, transparent and accountable, but also eliminates the need for huge amounts of operational documents.
8- Automated vehicles will grow in the logistics industry
AI can be beneficial to reduce costs in logistics. Apart from driverless cars available in the market, AI will automate more modes of transport like trucks and buses to transport goods.
9. Real Time Fleet Management
IoT technology enhances smart and data-driven insights where managers can identify loopholes in real-time for quick decision making. IoT promotes real-time monitoring for fleets in the logistics industry. Real-time fleet tracking and delivery management in logistics is advancing significantly with sensor devices and gateways.
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10. Warehouse-capacity optimization
With the introduction of IoT technology in the field of logistics, it is more convenient for transport authorities to track the entire supply chain process including warehouse management. The installed sensors are capable enough to detect the warehouse capacity and alert the managers about the requirements with every specific detail.
The End
Apart from the above, Applications of Artificial Intelligence can be implemented in many other ways in logistics to automate routine tasks and analysis and further reduce their options to just 2 or 3 functions in a matter of seconds.
Future of ai in transportation - Compared to traditional logistics organizations, the transformation of artificial intelligence is both an opportunity and a challenge. At present, there is still a large gap between the logistics industry and the actual requirements of intelligent essential data collection and the coverage and accuracy of logistics.
USM Business Systems to fill the gap between the growing demand for understanding facilities such as logistics big data and the need for an intelligent platform. Its AI and cloud-based one-window solution for the trucking industry seeks to shift to modern technologies and speed and accuracy in many trucking operations. Regardless, the future looks bright for trucking companies willing to take advantage of this.
