Artificial intelligence is enhancing our lives as consumers in almost every industry. And now, AI is impacting the supply chain and its logistics. Here’s how.
What is Artificial Intelligence?
Artificial intelligence (AI) makes it possible for machines to learn from experience and adapt to new inputs and complete human-like tasks. Some examples of AI include self-driving cars, Siri, Nest, chess-playing computers, etc.
The Benefits of AI in the Supply Chain
AI has a wide range of benefits, including:
AI can make forecasting and scheduling more accurate. There are practically no constraints on data access. As a result, it can take into consideration a variety of evolving trends.
AI incorporates use of specialized real time sensors, like Cargo Data’s Lightning Real Time temperature monitors, to detect process exceptions and to initiate safety and remediation procedures.
Computer Power and Speed
The rapid advancement of computers allows supply chain managers to merge AI into their organization. One of these advancements was the creation of GPUs (Graphical Processing Units), which expanded the typical functions of CPUs.
In recent years, algorithms have allowed the uncovering of patterns and correlations that were difficult for conventional technology or humans to find. These algorithms can offer beneficial information, such as the number of trucks available for delivery so customers are aware of costs and delivery times.
Eliminates Human Error
One of the key elements to AI is its ability to learn, adapt, and eliminate human error. For example, AI could improve identifying inventory levels and use ample amounts of past data to learn from mistakes.
The Bottom Line
Together, these factors are driving progress in AI and making it an increasingly beneficial and applicable technology in a wide variety of industries.
Contact Cargo Data for More Information
In additional to artificial intelligence improving the supply chain, real-time temperature monitoring helps reduce costs and improve operational efficiency. If you’d like to know more about our Lightning Real Time temperature monitoring systems and how they can help you achieve your goals, give us a call. We offer free consultations and can be reached at (800) 338-8134.