Consumer demand is rising in just about every conceivable industry. Customers want their products better, faster, and stronger; and as they adopt this mantra of “more, more, more”, companies have to keep up. In order to do that, they would have to make some drastic improvements or outright changes in the way they do business through industry innovations – particularly in the supply chain.
Just as advances in Internet-based platforms are improving the way people connect, communicate, and consume, advances in telecommunications, automation, robotics, and information technology are giving industries more power to control, oversee, and optimise their businesses to meet ever-growing demand.
It is no surprise, then, that the latest technologies are the cornerstone of business innovations for the foreseeable future. In this article, we will be taking a look at some of these innovations that are trending among companies and seeing how newer businesses can integrate them into their systems.
I remember manually plugging 16kB (that’s right “kilobyte”) memory chips into an original IBM Personal Computer. The crunching sound they made was unforgettable. I was ecstatic that I had increased the total memory to 128kB, and then to 256kB … WOW! At that time that was a lot of memory. Who could ever need to store that much data? That was “Big Data“.
Let’s fast forward to today. The memory on your handheld smartphone and other devices is measured in Gigabytes (GB). Over 2.5 quintillion bytes of information are generated every day. Every move, every transaction, every image, every event and every location in everyone’s lives are recorded.
Typically, as evidenced by the home automation industry’s active use of voice recognition for the consumer space, the consumer application of technologies, like virtual reality or augmented reality, leads towards logistics artificial intelligence applications in logistics and supply chain, which includes the use of voice recognition.
No less exciting than space travel or driverless cars is the rapid development of natural voice recognition technology. Automated call center and foundational smartphone software that can follow verbal instructions has already come to pass.
However, recent developments in this space promise to revolutionize the shipping and logistics industries too, making times in transit faster and the entire process of moving and shipping products more flexible.
The subject of logistics is not one that often reaches the uppermost levels of business media headlines. But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one.
One result of the current surge in interest in logistics includes potential solutions and workarounds for all the latest snafus, blockages, holdups, and delays in the movement of huge amounts of goods across oceans. What are the most cost-efficient techniques for beating the shipping logjam at its own game?