Artificial Intelligence is the concept that little to no human interaction will be required for common tasks that required human presence despite the advancement in technology. As far as project cargo or transport system management is concerned, through AI trucks will be self-driven and be able to assess incoming data, make decisions and so on. This notion that computers will be smarter than humans is very interesting and can revolutionize the logistics industry, especially freight brokerage. AI works with algorithms that can compute incoming data and even make complicated decisions based on the data it has.
AI can be the future of freight forwarding in UAE as it can make a number of things very easy for both shipping companies and it’s customers. We will discuss important changes it can bring and the reasons it is important to invest in AI and support its research.
- Increased Efficiency
With the help of computers and artificial intelligence, logistics can be handled in an effective efficient manner. The company trucks can be installed with a system that can calculate the shortest routes, traffic, load capacity, weather forecasts and any other requirements that can make the delivery faster and safer. This is done by software and algorithms installed in the trucks or any vehicle used for shipping. It does not require any personnel to be inside the vehicle and it can be controlled remotely. Such precise and intricate calculations can be made more quickly by AI, while a human would take much longer to consider such things and make a decision.
- Cost Effective
When the AI software can calculate and increase the efficiency of the transport route and delivery, it will also make the whole process cost-effective. Giving an accurate price tag for a load can be difficult because there are lots of hidden costs that can go unaccounted for. Not just that, but shipping and logistics cost can vary due to weather and it is difficult to predict it. AI is able to do it more efficiently for freight forwarding agencies and their clients, so the company is able to give a fair price to its customers. Due to the difference in laws, regulations and even the economy of one city to another, there are different costs from one route to another.
- Improved Disruption Management System
Disruptions caused by accidents, unforeseen events and freak weather conditions can cause a lot of unnecessary delays that can in turn cause financial losses for shipping companies and their clients. Not just that but it can destroy the reputation of any business which is the most important aspect for any organization. Through artificial intelligence, shipping companies in Abu Dhabi will be able to improve any accidents and delays. There are companies that have accurate weather forecast and natural disaster predictions, and they can warn shipping companies about any circumstances beforehand.
- Better Security and Fewer Risks
Shipping requires a lot of border crossing whether it is via ground, air or sea. Freight forwarding companies have good relations with the ministries but there is still a lot of risk involved due to human error. Artificial intelligence can help eliminate the risk of security problems by responding to problems beforehand. Due to the meticulous screening process of software, the risk of products or goods being rejected becomes less. AI will go through the entire cargo much more quickly and efficiently to give an exact picture of the security situation.
Artificial Intelligence software with more accurate software will keep growing as it is quickly becoming a necessity in the market. Predictive analysis through algorithms can be used by many industries including shipping and logistics which will benefit from it greatly. People who specialize in the field of AI are also increasing and soon enough it will be a well-established field. With so much planning and unpredictable conditions in the project cargo business, it is important to reduce the pressure on the human workforce and instead have a more precise artificial intelligence in place for your business to thrive.