Wearables, drones, driverless cars and smart shelves are all smart and futuristic uses of IoT. Businesses, regardless of industry, are taking advantage of the many opportunities and possibilities that IoT offers. One of these is transportation and logistics.
IoT offers many benefits to transportation companies. You can manage warehouse operations, track last-mile deliveries and manage freight transportation. You can also enjoy some benefits such as increased efficiency, security, and improved customer experience.
There are many opportunities for IoT in logistics, but here are some innovative ways that this technology can be used to benefit humanity.
- Fleet Management – Real-time fleet monitoring allows businesses to make smart and quick decisions regarding consignment delivery. Companies are constantly updating and accepting technologies that will help with fleet management and monitoring. IoT technology allows logistics and transportation companies to increase operational efficiency, reduce fuel consumption, improve response times to unanticipated situations, and manage costs. fleet management software offers many key benefits, including a customized dashboard, geofencing, and real-time tracking.
- Public Transit Management Tracking public vehicles in real time and knowing when they will arrive at a stop is a challenge for public transport users. IoT makes it possible to track vehicles in real time. This allows passengers to get an estimate of the arrival time (EAT) of their vehicle and ensures that they arrive on schedule. IoT eliminates the problems associated with public transit systems by tracking data via GPS devices and sending it back to the central system.
- Optimum asset management: The Internet of Things (IoT) in logistics and transport allows businesses to track their physical assets. IoT-enabled systems can provide detailed information such as latitude and longitude to track assets.
Geo-fencing is another way IoT can help with logistics. Geofencing, an extension of GPS tracking, captures the asset’s location with coordinates specific to a particular area. This prevents delivery delays and accidental loss by ensuring that the asset is not moved from a specific area.
IoT in Transportation & Logistics
These examples show some of the many benefits IoT, a data-driven technology such as IoT, can provide. IoT offers many advanced opportunities for transportation. Book a 30-minute complimentary consultation with one of our tech-experts to learn more about how IoT can benefit your business. They will discuss your business needs and IoT capabilities for the best use cases.