20 Feb How IoT App Development transforms the future of the Logistics Industry
The world has experienced various innovations and technologies in different Industries. Currently, Mobile App Development has taken place in many businesses. Now, the Internet of Things (IoT) will be going to join to enhance the business experience.
IoT App Development has given popular innovation in the domestic environment such as Smart home appliances, smart speakers and many more. Now, IoT is rapidly gaining popularity in different commercial industries such as Healthcare, Real Estate, and Security as well as in Logistics. So, Future of Logistics seems even brighter for the logistics application development.
According to one Survey, Approximately 70 percent of retail logistics companies have already started to develop the application of the new technology to enhance decision making and increase performance to increase returns. By including IoT along with Mobile App Development Logistic Industry will enhance and climb one step ahead towards technology.
What is IoT and how it is useful?
Internet of Things (IoT) is a large network of man-made and natural physical objects. Such as digital machines, computer devices, humans, animals, mechanical Machines and so on. That all are connected using sensors and APIs to share data over the internet. IoT app Development depends upon other technologies like AI, Cloud Computing, and Predictive Analytics. It can be said that it is a bridge between operational and Information Technology, as it enables analysis of unstructured data from the real world for insights that guide decision making to improve efficiency and performance.
Benefits of IoT App Development for Logistics and Supply Chain Management
Most People said that IoT is a potential threat to their jobs, but that is not the truth. Although IoT will reduce manpower required to perform a certain task, it should be seen as a tool to ensure the flow of operations and to reduce underutilization of resources to maximize profits. The enhancement of technology will help the modern logistics company in a different way.
List of advantages,
- Optimize asset utilization
- Reduce Security issues like the case of theft and counterfeiting
- Enhance Accuracy in the monitoring of resources and workflow
- Accurate real-time visibility and response to events
- Analyze real-world data for decision making
- Eliminate manual data handling to maximize accuracy and minimize wastage of time.
- Boost up customer experience.
- Identify new opportunity by studying buying behavior and patterns
Where is the place of IoT in Logistics?
According to one Survey, Deployment of IoT solutions in supply chain and logistics has grown by three folds in the last few years, and more are expected in the few coming years. The report estimates that around 2 trillion dollars have been generated from IoT deployments in the logistics industry.
There are two primary things are there, According to that IoT can be implemented,
1. Technical support
IoT has made possible by the availability of modern innovations such as smaller and highly efficient hardware, analytics capability for a large volume of data, enhanced communication networks and many more. This technology makes it simple and affordable to design and implement custom IoT solutions to boost productivity in the business
2. Consumer Demands
Customer Experience and satisfaction is a priority for any Business. Today Customer of logistics is looking for transparency, reliability, and trust when making purchases. This calls for the industry players to provide tools and services that will build customer confidence. IoT helps you to establish effective shipment tracking, integrity control and improve efficiency to address your consumer needs.
Internet of Things can be used in many ways depending on the nature of the business and your overall goals.
Here are some of the main applications that can use to take your business to another level.
1. Keeping track of Asset
If you are able to monitor every product throughout the supply chain than it will increase the Security as well as maintain the quality of products. With the use of modern Vehicle tracking and Radiofrequency Identification (RFID), sensors can be used to collect data about the condition, location of the assets, temperature and other forms of data about the specific items. This will help the supply chain managers to establish better quality controls, ensure timely deliveries, minimize theft and have an overall view of the supply chain operation to help in decision making.
2. Fleet Management
Modern telematics solutions and GPS positioning sensors can use to collect real-time data to monitor. And analyze vehicle performance and the driver conduct, as well as to track vehicles and the load. From a Mobile App, the transportation manager can tell where a specific location, speed, and direction is to control drivers from unauthorized activities and bad conduct on and off the road. IoT also gives the manager cleaver visibility of the load on transit to prevent tampering and to increase safety.
IoT data can use to optimize route scheduling and rescheduling, fuel consumption management, and decrease emission to increase the company’s green operation scores. Other applications are fault detection to schedule maintenance, increase road safety and to ensure legal compliance.
3. Manage Inventory and Forecasting
IoT Sensors can use to track inventory and provide data that will help in analyzing trends to predict future inventory needs. This will help you to avoid under-stocking and over-stocking conditions.
The above are just a few examples of how IoT App Development can use to transform supply chain and logistics operations. There is much more than the new technology can do to solve many retailers, consumer, and freight companies’ challenges. These opportunities comprise of vehicle communication, self-driven vehicles, vehicle tracking in case of theft and worker safety to name just a few. The transformation has already hit the ground, but more is expects in the coming years.