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 Industry News Details

 
Big Data, Big Promises, Big Solutions Posted on : Nov 18 - 2019

Big data, AI and the promises of other new technology-enabled possibilities are being talked about all the time. For many of us in the supply chain, logistics and transportation industry, it is hard to imagine the efficiencies tech will bring, as we are still trying to understand how to best compile excel reports and make sense of it all. 

In the age of IoT, the connectivity of devices is rapidly progressing. In the case of logistics, the end-to-end tracking of cargo in real-time is now a reality. What was once a ship-and-pray-it-arrives strategy has been transformed into an understanding of real-time cargo movements. We can now understand the exact location of our cargo on its route to the end-consumer, which gives us an enormous wealth of data for analysis, thereby opening up the entire shipping process to new optimizations and adjustments.

As you know, logistics is complicated , and simply being able to understand the movement of your goods does not show the full picture.  The coordination of the movement of goods is only one facet in a very complex chain. The procurement of freight is a critical node in the supply chain and sits on an invaluable set of data that is increasingly becoming the epicenter to support an efficient and innovative supply chain strategy.

All these areas are producing a mass amount of data, however, because data is available, it doesn’t equate to an instant understanding of the daily challenges faced by professionals day in and day out, and definitely doesn’t point to any obvious solutions.

Data on its own is worthless. A few years ago, all industries were busy throwing the Big Data term around. So, you have all this data in all shapes and forms. View More