IoT IN LOGISTICS: REAL-TIME FLEET MANAGEMENT

According to a new report by data and analytics company GlobalData,DHL and Cargotec are among the companies using IoT in logistics to streamline operations, increase visibility and save costs.

From tracking lorries in real-time to predicting demand for certain goods in warehouses, IoT in logistics is helping the sector to keep up with the ever-changing face of online sales.

The Internet of Things – or IoT – connects various web-enabled devices and can be used by businesses to streamline operations and reduce costs.
By far the largest and most mature use case across the IoT market, real-time fleet management and telematics play a vital role in handling maintenance schedules, vehicle usage and suggested routes.

Growing emphasis on energy savings, and reducing overall fleet budgets such as maintenance costs and fuel spend, is pushing the logistics operators to implement fleet management solutions to improve the efficiency and safety of fleet operations.

Fleet management encompasses live fleet monitoring, smart deliveries, fuel cost monitoring, diagnostics, preventive maintenance and driver behaviour improvements.

Real-time visibility into driver and vehicle performance and health is critical to increase the safety of technicians, reduce inventory damage, and decrease insurance-related costs.

Additionally, with real-time insight, technicians and drivers can respond to customer service enquiries on time.

In a report titled IoT in Logistics: Technologies and Usage Cases, data and analytics company GlobalData has assessed how companies are adopting “smart logistics for a smarter supply chain”.

It estimates that the global IoT devices market in the logistics sector is expected to grow from $90m (£70m) in 2015 to $2.44bn (£1.89bn) by 2020, with a 93.5% compound annual growth rate from 2016 to 2020.

During the same period, the number of IoT connections is expected to increase from 15 million to 255.5 million.

Senior technology analyst Alok Singh, who authored the report, said ......

 http://sowoll.com/en/blog/post/455-iot-in-logistics-real-time-fleet-management

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