Vehicles are becoming massive moving internet-connected machines that do more than just transport us. They can now see, hear, and even anticipate the future.
The transportation industry accounts for various issues such as pollutions, wastage of fuels and power, greenhouse gas emissions. Based on research it was stated that 28% of greenhouse gas emissions is due to the whole transportation industry. IoT solutions can be used to address such issues in an effective and sustainable manner. The report by world economic forum states that IoT itself will account for $14 trillion of the economy by 2030. IDC research states the transportation industry will see the most growth from IoT technology. Implementing IoT practices will help minimize issues regarding sustainability since it is the bridge connecting the virtual world of IT with the real world.
With advances in science and technology, the transportation and communication sectors have advanced significantly, reducing the amount of time, resources, and effort expended in travel. Electric vehicles have evolved over time, with the assistance of artificial intelligence and quantum computing, to become highly efficient and optimized for people's transportation.
We all have experienced our fair share of trials and tribulations in returning a purchased item online. However, this does not even scratch the surface when it comes to the menagerie of tasks the returnee has to navigate for a successful transaction. If you are part of such an organization , where handling returns is a perennial challenge, understanding the power of a seamless reverse logistics chain is indispensable; it is the key to customer satisfaction and elevation of your business to a coveted level.
The significance of shipping in world trade needs no mention; port management thus calls for nothing but state of the art technological resources. the reality, however, paints a different picture; most global ports are still manually managed and are struggling to keep up with ever-growing volumes and maritime traffic. With the growth of MSW, that we are at the cusp of an IT revolution in the shipping scene, given that discerning deployment strategies are embraced.
The concept of On-Demand Fuel Delivery is steadily, albeit gradually, earning momentum in the biggest markets across the world – North America & Europe. Analysts have predicted that the automotive fuel delivery system market will register a CAGR of close to 4% by 2022. While there are no companies with total monopoly over this industry, many startups have made inroads into an idea that could make refueling a safer experience, especially in a pandemic-struck world. In this article, we offer a quick guide for anyone looking to understand this business.
Even though the pandemic has disrupted the transportation and logistics industry, many leaders look at this as an opportunity for accelerating their digital transformation journey, and that could catapult their business to new and sustainable levels. In this article we take a look at the various strategies business leaders can adopt to ensure that companies in the industry survive in a post-pandemic world.
The McKinsey Global Institute estimates that the transportation-and-warehousing industry has the third-highest automation potential of any sector. But automation is not limited to the workflows in warehouses - logistics companies are realizing that they can change the way goods flow across all modes of transportation as well. In this blog, let’s take a closer look at how automation can revolutionize different areas in the industry.
An Indian hill-state in the north of the subcontinent, famed for its scenic landscapes and pristine lakes, records the highest number of road accidents year after year. Here is the story of how the Indian State Govt decided to use a digital solution to combat this - and why road safety management needs to go digital worldwide.
Transportation enterprises are constantly looking for methods to increase operational efficiency. The focus is always on reducing the time required for a passenger (demand) to get the cab (supply) as well as for the cab drivers (supply) to engage in the next ride request (demand). This blog illustrates how to choose the best ride-matching and relay algorithm for a micro-transit service provider.