This year may not see the technology start to affect our daily lives, but important companies in the supply chain have already started investing in its development. One of the biggest stories to land on PTI's news desk was the joint venture between A.P. Moller - Maersk and IBM, which will provide more efficient and secure methods for conducting global trade using blockchain technology and other cloud-based open source technologies including AI, IoT and analytics. PTI has also been asking some of the top supply chain industry experts what effect AI will have on container shipping. We recently found out from Dr. Yvo Saanen, Commercial Director and Founder of TBA -- an industry-leading consultancy, simulation and software specialist for ports, terminals and warehouses, that the quality of data in the shipping industry will hinder its adoption of AI technologies. But, to find out what may come in 2018, read an extract below from best-selling author and keynote speaker on business, technology and big data, Bernard Marr, who has shared his AI predictions for the year -- first published by Forbes.
When it comes to Artificial Intelligence and Machine Learning, we seem to be entering a golden age. According to a Research Report by PwC, business leaders believe that AI is going to be fundamental in the future. In fact, 72% termed it a "business advantage." The big players in the tech game like Google and IBM are in the process of creating ground-breaking technologies that will transform life as we know it. The big players in the tech game like Google and IBM are in the process of creating ground-breaking technologies that will transform life as we know it.
A good way to retain millennials is to have new technology, allow them to take enough time off and work from home. Sean Dowling (@seandowlingtv) has more. This year was a landmark year for hiring. Despite two major hurricanes and political turmoil in Washington, D.C., the U.S. economy forged ahead in 2017, adding 1.9 million new jobs as of November and pushing stock markets to an all-time record high. However, what are the next big disruptors in jobs and hiring?
Meticulous research, deep study of case law, and intricate argument-building--lawyers have used similar methods to ply their trade for hundreds of years. But they'd better watch out, because artificial intelligence is moving in on the field. As of 2016, there were over 1,300,000 licensed lawyers and 200,000 paralegals in the U.S. Consultancy group McKinsey estimates that 22 percent of a lawyer's job and 35 percent of a law clerk's job can be automated, which means that while humanity won't be completely overtaken, major businesses and career adjustments aren't far off (see "Is Technology About to Decimate White-Collar Work?"). In some cases, they're already here. "If I was the parent of a law student, I would be concerned a bit," says Todd Solomon, a partner at the law firm McDermott Will & Emery, based in Chicago.
Most likely, your expectations for the age of drone delivery involve cute li'l quadcopters that descend onto your porch with a gentle bzzzz, deposit a box of diapers or a pizza or whatever else you just ordered online, before zooming back to base, ready to deliver the next whim. That's the vision pitched by the likes of Amazon, UPS, and DHL, and it's an appealing one. Boeing has a different idea for delivery drones, one that's bigger by an order of magnitude. Last week, the aerospace giant revealed a prototype for an electric, unmanned cargo air vehicle that it says could haul as much as 500 pounds--that's 400 large Domino's pizzas or 11,291 newborn-sized diapers--as far as 20 miles. But this big buzzer isn't going to your house.
The growing role of artificial intelligence, automation and robotics within the modern supply chain will be reflected at 2019's International Materials Handling Exhibition (IMHX 2019). "The Barclays UK Logistics Confidence Index 2017 highlighted that the logistics sector is taking all forms of technology seriously and that automation, robotics and AI are going to have a bigger impact than ever before as warehouse operators look to optimise their intralogistics operations over the next five years," IMHX 2019 event director Rob Fisher said. He continued: "Automation, for example, represents one of the biggest opportunities to reduce cost and increase efficiency within a warehouse or distribution centre and the predicted post-Brexit labour shortages are strengthening the case for automation as firms seek to make their operations less labour-intensive. "High demand and opportunities for further market growth are driving optimism among automated intralogistics solutions suppliers and the bookings we have already taken and the interest being expressed in IMHX 2019 from some of the leading names in the field is clear evidence of the sector's confidence." Dave Berridge, secretary of AMHSA (the Automated Material Handling Association) supports this view.
Andrew Ng, one of the most prominent Data Scientists in the world who has previously led teams at Google Brain and Baidu, is a Co-Founder of Coursera recently gave a talk at EmTech. As the TMS Lead in Singapore I wanted to distill his words of wisdom on aspects that I have noted are very important in my years working in the Artificial Intelligence space. The first is how being a company that does artificial intelligence well is completely different from a company that does technology well, which is completely different from a company that makes goods and services well. DHL and FedEx are centuries old logistics companies that have successfully made the jump into the internet age. Conversely, Eastman Kodak and Polaroid were camera companies that could not successfully make the jump into the digital age.
Faster and safer deliveries, fewer out-of-stock items and better customer service--AI is set to revolutionize the supply chain. Christmas 2017 was a busy one for retailers. During peak season, Amazon reported records for holiday shipping as they handled deliveries to 185 countries. UPS, meanwhile, said it was breaking records on package returns, having processed more than a million daily in December. With a 23 percent global growth in the last year, e-commerce continues to post solid performances, but stress and confusion are routine for merchants, logistics companies and consumers.
September through December are the busiest cargo shipping months of the year thanks to the winter holiday season, and in 2017, that was even more true than usual. The demand for shipping space on container ships, and the pace of arrivals at commercial ports, can hit companies with time-consuming and expensive issues: shipment delays, required changes in shipping method from marine to air, scheduling problems for the unloading and reloading of containers, and freight theft. In a retail environment where Amazon and other large retailers offer quick shipping, for free, manufacturers and retailers now risk losing money -- and customers -- if deliveries are delayed. Increasingly, the commercial shipping firms that retailers and manufacturers rely on to get products from A to B are turning to new technologies like artificial intelligence and automation to analyze the huge amounts of data generating in shipping, with an eye toward streamlining the processes, anticipating potential delays, and saving money. For an industry that has used some of the same systems for years, artificial intelligence and automation offer an opportunity for revolution.