Artificial Intelligence (AI) is one of the best technologies supporting the transportation industry in many ways. It was a proven technology that transforms the transportation sector tremendously. In addition to making our lives easier, Artificial intelligence technology helps to make all modes of human transportation system safer and more efficient.
With the introduction of AI in transportation, the industry has progressed in such a level that vehicles are moving without any assistance from humans. Thanks to Artificial Intelligence (AI). Artificial intelligence technology in transportation is helping the industry to enhance safety, reduce unexpected accidents, reduce traffic, carbon emission and also lower the complete financial expenses.
On businesses front, artificial intelligence in transportation helps to increase productivity, employee performance, more sales, and automated manufacturing processes, etc.
Artificial intelligence opportunities delivered to transportation sector:
1. Enhanced logistics utilizing real-time and previous data:
By seeing real-time and previous data regarding traffic, weather, waiting time, stop maintenance, etc., the system can plan the route smartly.
2. Forecasting vehicle maintenance:
Systems can forecast vehicle maintenance with the help of smart dashboards and sensors. You can use telematics solutions to take care of the vehicles. It will give alerts and conditions of the track & vehicles to you so that you can save yourself from probable hazards.
3. Supply chain optimization through data-driven software:
With a small effort, you can maintain your workflow efficiently. You can strengthen your supply chain experts by utilizing smart tools experienced on big data to balance the demand and the supply, manage timings of the staff, and automate the customer service with the help of chatbots.
4. Track planner with traffic expectation and real-time updates:
While traffic congestions are inescapable, you can predict the traffic jams and accordingly adjust your path.
5. Intelligent staff management:
To advance the productivity and safety of drivers, intelligent driver behavior monitoring applications will be useful. Using data captured by the IoT sensors, you can manage your fleet through data-controlled dashboards for smart trucks, ships, and trains connectivity.
AI is successfully transforming the logistics industry:
AI play a 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.
AI technologies can access information such as billing amounts, account information, dates, addresses, and parties involved from the sea of unstructured invoice forms received by the company. Global logistics and supply chain operators manage large fleets of vehicles and networks of facilities worldwide. In the logistics industry, keeping address information complete and current is critical for the successful delivery of shipments.
Demand forecasting:
This is one area in which artificial intelligence is making a great impact. Artificial intelligence generates algorithms that can be used to predict trends in demand with a reasonable degree of accuracy. Logistic companies need these predictive analytics so that they can make necessary changes to their business patterns and processes based on the data generated by AI. For instance, logistic companies can lose a significant amount of money if there are high demand and a limited amount of goods. AI predictive analytics can be used to remedy this setback.
- AI’s forecasting ability is also used to analyze and predict the following.
- The number of sales that a specific region is expected to produce.
- The estimated number of delivery trucks that would be needed to support logistics and the supply chain.
- The possible effect of weather conditions.
- When a delivery truck or vehicle is due for service so as to avoid a breakdown in the delivery process.
Intelligent warehousing:
Warehouse automation is another area where AI is transforming the logistics industry. One challenge faced by many logistics firms is inventory errors, which are caused by wastage in the warehouse. AI technology is used to remedy this situation through careful analysis of inventory information and processing.
AI achieves accuracy in warehouse inventory by predicting the number of products that will be in demand at a specific time; then, the company supplies those products to the warehouse. This reduces the cost of transporting and processing a large number of products that may not be needed.
Track movement with the use of IOT:
AI uses the internet of thing (IoT) to streamline the supply chain in the logistics industry, it does this through the following ways.
- Improve fleet management.
- Better analysis of environmental factors.
- Track and locate delivery trucks easily.
- Shipment tracking, etc.
Improves customer experience:
The development of AI technology ensures the delivery of more personalized experiences to customers. As a result, customers have more trust in the company. customers can ask questions about the whereabouts of their parcels. They can also ask about shipment details, and so on