Role of AI in Logistics Sector
AI play significant role to save time, reduce costs and increase productivity and accuracy with cognitive automation. AI affects warehousing operations such as collecting and analyzing information or inventory processing. As a result, AI helps in increasing efficiency and getting profit. Artificial intelligence is profitable for transportation. Due to IoT and AI, Self-driving vehicles bring changes to the supply chain and help reduce expenses in logistics. The capabilities of AI are seriously ramping up company efficiencies in the areas of predictive demand and network planning. Having a technology for accurate demand forecasting and capacity planning allows companies to be more proactive. Industry to modify how resources are used for maximum benefit and Artificial Intelligence can do these equations much faster and more accurate than ever before.
The impact of Big Data is allowing logistics companies to forecast highly accurate outlooks and optimize future performance better than ever before. Providing clean data has become an important step for AI in logistics companies as many simply do not have usable figures to implement. It is very difficult to measure Efficiency gains as some companies generate their data from multiple points and multiple people. These data and figures cannot be easily improved at the source, so algorithms are being used to analyze historical data, identify issues and improve data quality to the level where significant transparency on the business is gained.
AI and factors affecting logistics sector
This story is from the November 2019 edition of SME World.
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This story is from the November 2019 edition of SME World.
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