Internet of things (IoT) with the latest in machine-learning backed algorithms are the way logistics would be optimized to meet all customer demands and requirements, right from fast shipping, live tracking and notifications, and on-time delivery with optimized final mile movement.
Tech evolution must always be around a purpose. The purpose of the upgrades mentioned here, and many more that are regularly communicated to the clients through mailers, is singular. To optimize resource movement with a view to reduce operations costs and improve overall process efficiency.
Along the heavily one-sided debate around Net Neutrality, we are once again amid the new age retail tradition of Black Friday and Cyber Monday. Consumerism has driven multiple shopping trends in the past decade. This has become a lifestyle with the entire generations falling under this craze.
A billion data points. One for every 8th person in the world. One for almost every vehicle in the world. Comprehensive location tracking data points encompassing more than three continents including North America, Asia, Northern Africa, and Southern Europe. It doesn’t get any bigger than this.
Like any market driven model, logistics management software would come in to the central focus as more and more companies are utilizing them and reaping rich rewards. In the next five years, it will all be about quick and fast deliveries with logistics analytics, 100% location accuracy, and complete end-to-end visibility. LogiNext offers all this and much more, so we know the future is bright.
Every single person or process, which gets in touch with the logistics system, can be recorded as a data point. These data inputs can be turned into insights to better plan for future shipments. The latest updates from a delivery route can be streamlined into the next trip. This means that with each trip, the system would learn something new which can be incorporated for the future.
As a company, we have spread wings across the globe, but Southeast Asia is where I find the perfect summation and confluence of diverse cultural flows. There is great balance between tradition and innovation. In Manila for the Forbes 30 Under 30 summit, I can’t help but marvel the power of innovation in bridging cultural and generational gaps across the world.
People have talked about the Internet of Things (IoT) in diverse terms, but what is it? IoT is the interaction and exchange of data amongst various connected devices and entities over the Internet, which then function towards singular goals. It’s like having a virtual connected universe, where you customize almost all your electronic interactions.
The war is on. The lines are drawn. Retail and e-commerce have locked swords. Which side are you on? If these thoughts seem ominous to you, then don’t worry. There is peace ahead. Retail vs E-commerce is a new but heated battle. They are different, but not that different.
A myriad of technology solutions have been built keeping this dilemma in mind, and organizations that have sensed the dire need for on field workforce management with real-time visibility, route optimization & auto scheduling, have taken to such solutions very well.