How can artificial Intelligence fuel the logistics industry

Artificial Intelligence has become the buzzword for the year. Many big companies in nearly every industry are exploring this cutting-edge tech. AI is everywhere, from self-checkout registers and AI-based applications that analyse large amounts of data in real time to advanced security checks at airports.

The logistics industry faces a multitude of challenges, including cost, efficiency and security. Bureaucracy is also a major issue. According to experts, new technologies such as AI, machine-learning, blockchain and big data can help improve the logistics industry, from the purchase of goods to internal exchanges, like auditing and delivery.

AI is a technology that can be used to improve supplier selection and supplier relationship management. Combining AI with big data analytics, AI can also be used to analyse supplier-related data, such as performance in terms of on-time deliveries, credit scores, audits and evaluations. It helps to make valuable decisions using real-time actionable insights.

Source:
https://www.whizsolutions.co.uk/artificial-intelligence-in-logistics-industry/