How IoT is improving transportation?
Transportation and logistics are essential components to many businesses — sometimes by air, by ground or by sea. To track performance and quality of services, access to real-time data is essential and critical. Inefficiencies caused due to lack of visibility could cause real damages in terms of costs.
There are a number of factors such as the unpredictable nature of fuel costs, rising labor costs, unpredictable traffic and many times a changing regulatory environment that make operations especially challenging in the transportation industry — and profitability are threatened.
In order to improve operational efficiency and performance, it is essential that businesses get visibility into personnel, equipment, and transactions — real time.
The Internet of Things along with mobile technologies has made it possible for businesses to track all this data and improve efficiency. With the right IoT solution, enterprises can connect all the devices across a centralized cloud network and capture mission-critical data by gaining real-time visibility into operations. This data provides actionable insights so that they can base their strategies on factual data and make improvements.
End to end visibility
In order to reach a level of performance, businesses need to make an end to end improvements. With IoT, they get improved visibility that facilitates more effective, timely decisions that reduce delays because issues are detected sooner. They get real-time data across their entire supply chain leading to more informed decisions.
Warehouse and yard management
Warehouses or yards are the core of the transportation and logistics business and their efficiency directly impacts the entire business. IoT enabled mobile devices are designed to track inventory data, equipment, and vehicles. Warehouses can capture the right data that ensures that the right products get to the right places at the right time. By reducing human intervention and enabling more machine-to-machine information sharing, enterprises can greatly increase efficiency and accuracy.
Fleet management
Fleet management plays an important role in maintaining schedules, everyday vehicle usage, and service routes. This fleet downtime would mean great losses to the business and hence must be minimized. With real-time access to this data related to maintenance history, parts availability and inventory records, by leveraging from connected mobile devices early detection of potential threats can lead to proactive action and greater efficiency.
IoT enables organizations to pinpoint inefficiencies in real time, improving the overall efficiency of operations dramatically.
