What is IoT (Internet Of Things)? What's the relevance in Logistics?

Businesses are currently motivated by IoT and the prospect of increasing revenue, lowering operating costs, and improving efficiencies. Businesses are also motivated by the need to comply with regulatory requirements. IoT device deployments, for whatever reason, provide the data and insights required to streamline workflows, visualize usage patterns, automate processes, meet compliance requirements, and compete more effectively in a changing business environment.

Can IoT improve Logistics Process?

The growing demand for e-commerce has resulted in an increase in shipments and customer expectations. The logistics industry must deal with massive transportation staff shortages, fragmented markets, and low margins. Only by finding solutions to optimize the logistics process in terms of efficiency, load capacity, and planning will the industry be able to meet the enormous challenge of the coming years.

Modern technologies such as IoT, Blockchain, and the cloud play a significant role.

Key Benefits :

The Internet of Things (IoT) provides data that describes objects ("physical assets," such as a good to be transported) that are distributed globally. In a centralized location, asset data can be accessed in real time and at a low cost, enabling completely new use cases and business models. The objects can either collect or transmit data via sensors ("active assets," such as a truck's navigation system) or they are not equipped with the necessary electronics ("passive assets," such as a transport container). In the latter case, another device ("IoT Edge Device") is required to determine the current values of the asset via sensors, preprocess the data, and transmit it.

The internet of things offers several benefits to organizations. Some benefits are industry-specific, and some are applicable across multiple industries. Some of the common benefits of IoT enable businesses to:

·??????Monitor their overall business processes

·??????Improve the customer experience (CX)

·??????Save time and money

·??????Enhance employee productivity

·??????Integrate and adapt business models

·??????Make better business decisions, and

·??????Generate more revenue.

IoT connectivity allows you to transform mountains of raw data into actionable, trusted intelligence that you can use to make strategic decisions and run more efficient, regulatory-compliant operations.

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