How Telematics & AI Is Changing The Logistics Industry? Telematics and Artificial Intelligence (AI) are among the most innovative technological advances revolutionizing the logistics industry. Increasingly, logistics companies are introducing a telematics system with AI-driven components, allowing them to track goods in real-time and streamline delivery. This is done by collecting data from IoT-enabled devices such as sensors and using predictive analytics to understand patterns and behavior in the flow of goods and services. As a result, organizations can take steps to reduce costs, avoid delays, manage workloads, assess customer trends, and segment their markets.

There is a completely new way how business is being conducted worldwide as they have gone through technology advancement and automation. Logistics industry is not left behind, rather has been in the forefront as this is the main driver to connect the producer to the consumers. The logistics industry has brought massive improvement over last couple of years and Covid pandemic has helped in speeding up the process. There are new tools with better technology to manage the complex operation which have improved the overall consumer experience, bring more transparency and visibility to the supply chain, and reduce the order processing time. There is a lot of change in customer buying behaviour, corporates are getting used to the online platforms to run their procurement exercise, and individual like to buy products online and expect quick deliveries, even willing to pay additional price sometimes for express deliveries.

Intelligent automation in the logistics industry could also result in more-efficient deliveries, especially since many major brands already use some components of IA to deliver goods faster. Walmart's Express Delivery service, available for more than 150,000 items, uses AI algorithms to accelerate delivery. People get their products within two hours. Humans must oversee route planning, but IA could send customers emails to tell them when to expect their orders.

In today's competitive market, having an efficient and flexible supply chain is a significant asset. Hence, companies are looking into ways to optimize their supply chain to help them make decisions to improve their operational efficiency and customer satisfaction and reduce environmental impacts. According to McKinsey reports (Figure 1), AI will define a new "logistics paradigm" by 2030. It will generate $1.3-$2 trillion per year for the next 20 years as it continues to outperform humans at repetitive but mission-critical tasks. In another similar research, McKinsey has reported that businesses, by using AI, can improve their logistics, inventory, and service costs by 15%, 35%, and 65%, respectively. This series is about CV and DL for Industrial and Big Business Applications.

The increase in IoT adoption and Smart technology is revolutionizing logistics and warehouse management. "The United States Smart Warehousing Market size was estimated at USD 3,481.58 million in 2020 and expected to reach USD 9,400.10 million by 2027, at a CAGR of 15.24%" – Research & Markets report. With ever-increasing consumer demand, the load on logistics and transportation has only increased and given rise to many innovations in the logistics industry. Logistics companies are striving to increase efficiency and provide better transparency. This has led to some serious innovation and investment in the IoT space. With IoT becoming ever-popular, forecasters predict that by 2025, the IoT industry will hit between $1 trillion and $3 trillion in revenue.

Today we find ourselves in another transformational era in human history where Artificial Intelligence (AI) plays an increasingly central role in this transformation. AI stands to greatly benefit all industries and is prevalent in consumer-facing applications, clerical enterprise functions, online and offline retail, autonomous mobility, and intelligent manufacturing. AI in logistics plays an important role and beginning its journey to become an AI-driven industry. We hope you will find this an insightful read, and we walk you through as How can AI be used in logistics to reinvent back office, operational, and customer-facing activities? Well, let's discuss the reason for why Logistics companies are facing an era of unprecedented change is that as New technologies are enabling greater efficiency and more collaborative operating models.

In recent years, major swings have been observed in the logistics sector due to innovation and automation. With new technological solutions, logistics businesses are undergoing a major transformation and impacting the way people work in the supply chain industry. It becomes important to take advantage of these technologies which are the result of notable market trends. With growing complexities, increased pressure and tough competition, the logistics industry is driving towards automation for both long term and short term benefits. Logistics automation is definitely worth investing in! Almost all the industries are massively shaped by consumers' expectations and the logistics sector is no different!

In both the logistics and transportation sectors, artificial intelligence is implemented in a wide variety of ways. For instance, it makes it possible for customers to track the courier in real-time and such services are provided by most of the courier companies like ePacket. In addition to that, AI is also used to analyze the global shipping conditions like natural disasters that may hit the shipping route and other time-sensitive elements. In addition to that, companies like FedEx, Amazon and Wing Aviation LLC. are experimenting with drone delivery pilots to reduce the dependence on manual workers and to speed up the process. AI can further be used in the logistics sector for planning and scheduling, sales and marketing, warehouse management, customer care and shipping and delivery.

Many logistics and transportation companies are using machine learning and artificial intelligence (AI) to provide satisfactory services to …

Robotaxis may still be a few years out, but there are other industries that can be transformed by autonomous vehicles as they are today. MIT spin-off ISEE has identified one in the common shipping yard, where containers are sorted and stored -- today by a dwindling supply of human drivers, but tomorrow perhaps by the company's purpose-built robotic yard truck. With new funding and partnerships with major shippers, the company may be about to go big. Shipping yards are the buffer zone of the logistics industry. When a container is unloaded from a ship full of them, it can't exactly just sit there on the wharf where the crane dropped it. Maybe it's time sensitive and has to trucked out right away; maybe it needs to go through customs and inspections and must stay in the facility for a week; maybe it's refrigerated and needs power and air hookups.