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  • Business, Market, Tips, Transportation, Trucking Comments Off on Impact Of Technology On Trucking Businesses

    It cannot be denied that tech innovations have made a great impact on the trucking industry. Due to the huge amount of data that is created by sensors and tracking devices, trucking and logistics businesses have been encouraged to upgrade their technology to keep up with the competition. Since technology plays a huge role in anticipating the current situation of trucking and what will happen in the future, more and more stakeholders are into new technological developments.

     

    • Technology can leverage data. Software products and systems have the ability to run daily operations of Titan Transline and other trucking companies where a huge amount of data is generated and stored. Examples of these are transportation management and asset and fleet management systems. While the old systems can still store data, new technological developments allow users to access raw data for further processing.

     

    • Machine learning is possible. While you can train a machine so it can deal with mundane tasks that people work on, the training still needs access to an immense amount of data. Because of technological updates, reams of data are already available and can be accessed easily. This has become a potential start for trucking companies to operate tasks and avoid issues. Machines can send automated decision-making capabilities to the allocation of drivers, breakdown, etc. There is also a chatbot where customer service can be improved through data analysis from TMS and GPS.

     

    • Technology also does cloud computing. When planning to embark on a new technological initiative, among the biggest challenges that small and mid-size businesses experience are cutting-edge technology and infrastructure access. But since the discovery of cloud computing, these challenges have become accessible and less costly. This has been a great advantage to business people as it can reduce the expenses of infrastructure and computing power.

    To find more innovations of technology that uplift the trucking industry, you may check out Titan Transline and other popular trucking companies. Learning about their services will also give you a broader understanding on how technological innovations and development have become useful for trucking businesses to ship goods from one place to another.

  • Business, News, Service, Transportation Comments Off on Accenture Highlights The Importance Of Logistics Embracing Technology

    Industry 4.0 has been changing how industries across the world operate, and the field of logistics is no exception. It’s changing how companies operate, how they keep track of freights, how transparent they are, and they go about tradeshow logistics, among other things.

    Multi professional services company Accenture recently released a study that highlights how important it is for traditional freight and logistics companies to stay up to date with the latest developments in technology, or end up obsolete. A familiar story that a lot of people have heard by now; it is, after all, the usual story of technology.

    According to Accenture’s paper, if logistics companies persist on sticking to the old ways, they’ll not only lose competitiveness, but value, while embracing digital technologies and new digital business models, they can greatly improve their competitiveness. The company’s estimate states that doing so would boost company earnings before interest and taxes by about 13% annually.

    That’s a bold statement to make, but given that their company’s reputation is at stake if they get it wrong, it’s probably a good indicator of how useful the latest developments for the logistics industry; how they go about tradeshow logistics and freights, and the like.

    Accenture listed down the key technologies that they feel are the particularly disruptive to the logistics industry.

    Robotics

    Accenture predicted that robotics process automation (RPA) will boost automation in the logistics industry to near full, especially in the planning and customer invoice processes.

    3D printing

    3D printing has been changing how manufacturing proceeds, boosting decentralization of finished goods. For logistics, it’s no different; it also allows for an increase for additional value chain activities, while boosting transport volume.

    Blockchain

    Blockchain allows for increase data distribution, as well as validation technology, which helps greatly with transparency and shipment visibility. With the demand for increasing transparency, companies need ways to garner trust with the company.

    Digital platforms

    Digital platforms are all about allowing for greater clarity and optimization in the logistics industry. If you’re paying attention, clarity and transparency got repeated mentions; they’re in demand now more than ever. As such, any digital platform service that can reliably provide a logistics company improved transparency, and efficiency, is worthwhile.