How IoT Is Improving Transportation and Logistics

IDC suggests that IoT spending is expected to surpass 1 trillion dollars by 2022. With more and more companies jumping on the IoT bandwagon, the above statistics holds true. Almost companies across verticals have started to embrace the power of these emerging digital transformation services, technology to achieve massive success and surpass their competitors (thanks to every IoT app development company out there). Out of the many, the major beneficiaries of IoT are Logistics and Transportation companies.

This post talks about the role of IoT in logistics and transportation, its benefits and use cases to help you understand the significance of Industry 4.0 solutions and their impact on the above-stated business verticals.

How can transportation and logistics be improved with IoT

The introduction of IoT has left no stones unturned. Moving a product from one location to another was the only aim of the logistics and transportation companies then. But, the brimming competition and volatile customer demands has forced the industry to focus more on faster delivery, smart fleet management, warehouse management, etc. to ensure and deliver a flawless customer service and experience.

IoT is a perfect choice for these companies to achieve the aforementioned goals as the smart devices are often known for their accuracy, precision through real-time data collection. The smart devices play a huge role in the transformation of logistics and transportation companies and growing number of IoT implementations across the companies ensures this.

How IoT is used in transportation

According to some reports, transportation would be spending $40 billion in IoT by 2020. What does this infer? Yes, the industry is all set to revolutionize the operations by leveraging the cutting-edge technology. As the transportation industry touches everyday lives, their initiative to jump on the IoT bandwagon would make theirs and consumers’ lives simple.

Let’s get started with how IoT revolutionized transportation.

Here are some of the areas of impact IoT has on transportation services.

Vehicle tracking & movement

To enhance productivity and boost RoI managing the route, driver’s activity, vehicle movement, fuel consumption is important. With traditional systems failing to meet the expectations and results, the companies are looking for smart options to re-engineer their existing processes. And, IoT perfectly sets the tone for their business.

With an IoT-based vehicle tracking and management system, it is amazingly easier to track routes, manage drivers and vehicles, control fuel consumption etc. IoT devices provide accurate real-time data to streamline the operations and alerts the users to make smart business decisions.

Truck/trailer weight measurement

Weighing the truck with goods accurately is a challenge for most transportation companies out there, yet is a critical process. With an IoT-enabled weighing system embedded with smart sensors, measuring the accurate weight of a truck in real-time is seamless and the data can be pushed through mobile applications to the users in no time. The system also improves payload, reduces fines, eliminates guess works, and improves RoI.

Container temperature monitoring

Maintaining an ambient temperature inside the cargo is critical to ensure safety of vehicle, driver and goods. Having an IoT-enabled temperature and RH monitoring system along with sensors, monitoring any deviations in the temperature within cargo is absolutely simple and easy.

How does IoT affect logistics

Managing multiple activities at once is daunting for most logistics companies and this apparently impacts their processes and customer service. To mitigate the challenges, the logistics experts are embracing advanced technologies like IoT to increase customer satisfaction through streamlined processes.

A Statista report claims that the logistics companies spend on IoT will reach $40 billion in 2020 to accelerate product deliveries.