“We are surrounded by data, but starved for insights” - Jay Baer
By Admin June 28, 2019
‘Internet of Things’ has rapidly become a very important component of the interconnected network and is playing a major role in transportation and logistics. Generally, Internet of things (IOT) is associated with smart devices and smart electronics etc, but its scope reaches far beyond that. And it had made it possible for things to respond to information’s in the physical world without any involvement of human beings.
We are aware of the importance of transportation and logistics in business as they form an integral part of any business process. With its introduction, IOT has helped businesses to grow in terms of production, profit, and operations with specific solutions designed for the processes. We would like to show you how the Internet of Things has radically helped in improving Transportation and Logistics.
IOT has helped companies gain Enterprise Asset Intelligence in more ways than just route planning and load assignment. It is also helping minimize the fleet downtime, allowing fleet managers to easily manage and monitor multiple data items like vehicle uptime, fuel consumption, access of real-time visibility of driver and the vehicle’s performance, update on weather conditions, etc. Furthermore, the system can be configured accordingly to initiate an action in case of a glitch being detected.
2. Real-Time Servicing to Customers
Internet of things has brought about a great change in the way service is provided to customers. Now, there has been an elimination of human dispatcher of goods as a machine to machine interaction can easily take care of it. Here’s a good example – a shipment is usually tagged with GPS Tracking chip which can interact with the system by itself, and maintain all related data of goods.
3. Provides End to End Visibility
In order to reach and leverage high levels of performance, there is a requirement to make an end-to-end improvement. This helps the organization to be more effective and make more timely decisions by removing delays to detect the error. Various advanced mobile technologies like Radio Frequency Identification and Bar Code Scanners have improved the supply chain process to a great extent. These Enterprise Asset Intelligence helps organizations to improve their efficiency which has a direct impact on the revenue of the business.
4. Management of Warehouse and Yard:
In the business of Transportation and Logistics, warehouses and yards play a crucial role in creating revenue for the business and compete against its competitors in the market. The motive of adopting such advanced technologies is to achieve the best efficiency to track and maintain inventory records, equipment, and vehicles. Earlier, yard managers had to handle every task manually which involved a lot of time and were accompanied by errors. Thus, to reduce the errors, there has been an implementation of technologies like RFID in the supply chain management that helps to systematize assets tracking and location.
It is very evident that IOT helps to a great extent to strengthen business and aids to deliver more asset intelligence with more informed decisions. It has also reduced the cost of involving skilled human while also limiting the expenditure of resources on their training and other aspects.
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