Tech innovations have had an amazing impact on the industry. the big amount of knowledge generated by sensors and tracking devices and therefore the technology to leverage them are pushing the trucking and logistics business to rework for competitive advantage.
Since technology will determine the current and way forward for trucking, stakeholders within the transportation and logistics industry should stay up-to-speed with new technological developments, including:
ABILITY TO LEVERAGE DATA
Software products and systems such as TMS trucking software that run day-to-day trucking operations generate and store an amazing amount of information. APIs, web services, advanced data mapping, and data streaming from the rear door enable real-time data access for further processing.
ANALYTICS AND OPTIMIZATION
Given the dynamic nature of companies and sophisticated business rules, products that leverage a one-size-fits-all approach are unable to deliver an optimal solution. Cost is one of the most important barriers of entry to personalized optimization solutions. Running complex analytics to spot what to optimize then optimizing operations in real-time isn’t any longer subject to prohibitive license costs.
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Although a machine is often trained to handle many mundane tasks that humans do today, training the machine would require access to an incredible amount of information. Fortunately, reams of knowledge are now readily available and accessible. AI may be wont to correlate data from multiple sources, like shippers, drivers, consignees, routes, dwell time, idle time, etc.—almost in real-time.
Availability of cutting-edge technology and access to infrastructure are a number of the most important barriers that little and mid-size companies face when embarking on complex technological initiatives. With the appearance of cloud computing, all this has become both accessible and affordable. Moving to the cloud helps eliminate the value of infrastructure and computing power.
- Always make sure you have access to your data while working with products and solutions on-prem or on the cloud.
- Don’t shrink back from a hybrid solution where you’ll be able to plug and play or bolt-on best-of-breed solutions. you may never have a strategic technological advantage over your competitor if you both use the precise same product.
- Stop investing in upgrading old archaic legacy systems and looking forward to their product roadmaps. the benefit of current fast-paced technological advancements.
The impact and benefits of emergent technologies can not be ignored. Advanced technologies aren’t any longer out of reach for any carriers striving to capture maximum benefit from limited resources.