AI, the latest buzzword these days
A year spent in artificial intelligence is enough to make one believe in God. — Alan Perlis.
Thanks to Alan Turing, now we all are well acquainted with AI. It has created such a huge buzz these days that each and every sector is trying to implement it, especially logistics and transportation. AI has left no stone unturned. According to a survey done by Logistics Trend Radar, the new report states that “Supply chains are starting to experience a crucial change as more “AI” is deployed to control both the international and domestic Transportation of the goods.” Furthermore, they also added that, “In the coming 5 years, most of the big players in logistics industry will enact upon the proper use of AI.”
What is AI?
In Layman’s term, AI is any level of intelligence which is exhibited by machines. AI is one of the strongest and most researched upon topics these days. It has created such an aura that scientists are trying to implement it on every possible sector. Similarly, people from the field of logistics are also giving AI the chance to edify it. And just as expected, AI is bringing an enormous change to this sector. Automated robots and vision guided picking are some of the common application of AI in Logistics. As we speak, many more number of researches are taking place in the segment of AI.
How will AI aid in the betterment of current logistics scenario?
- Much stronger machine-human interaction
- Automation and robotics in logistics
- Self-driving vehicles
- Application of drones in logistics
- 3D Printing
Valuable comment on the application of AI as provided by DHL
Augmented reality (AR) is also consolidating the human-robot relationship. One such example of the AR technology can be seen in the usage of “smart glasses” for picking orders in logistics (also known as ‘vision picking’). DHL said that “a pilot program using vision picking by DHL showed a 25% efficiency increase as well as strong positive feedback from the users.”
Some useful stats regarding AI and logistics that will help us to understand it better
- AI will also offer the much-awaited potential to virtually connect all the electronic devices to the internet and by doing this we can easily expedite the current data-driven logistics. According to a report by Logistics Trend Radar, it is being estimated that by the end of 2020, more than 55 billion e-goods will be connected to the internet. This will boost the current logistics scenario and we can see a colossal $1.9 trillion opportunity in freight and transportation service.
- According to DOT, AI will optimize the current logistics scenario to an unbelievable extent. A report released by DOT states that it will reduce the overall cost of The sum of money is estimated to be, $672 billion.
- In India, about 3.5 million truckers daily transport goods from A to B. Since the number is huge, the probability of happening mishaps will also increase. The proper implantation of AI will save thousands of lives.
What have we learned?
Before we jump to any conclusion, let’s try to understand what has actually happened in this article? AI is inevitable and it will smite the logistics sector with a firm flow. We have to brace that in a positive way. AI will bring betterment to each and every segment of the logistics industry including supply chain. It will make logistics friction-free, but we have time for that. So let’s take a step forward and start implementing AI to the existing logistics field.
City Link 