Self-governing vehicles (autonomous vehicles) are not new to us. In fact, when a car's performance in the current mode of operation falls below a particular degree on a busy road, it is actually bothersome. That brings us to the brand-new mindset, where AV with an off-board human driver via remote teleoperations ends up being the new method of procedure. They quickly take control and begin to maneuver the website traffic.
Logistics is a complex field, and it is getting more nexus by the day. The logistics industry is undergoing a major transformation with new technologies and innovations. Connected logistics can be defined as the use of data-driven insights to optimize supply chains.
The Indian logistics sector has grown exponentially in recent years and it is poised to grow even more in the future. The Indian logistics sector has experienced an annual growth rate of 12% between 2010 and 2015, while other sectors have seen a decline in growth rates during this period.
India is on the cusp of digitization and also 5G—the supreme game-changer in the field of telecommunications—will move it much faster. With ultra-high data transfer, very reduced latency, remarkable availability, as well as massive capability, 5G is expected to attach everything that can be attached dependably and successfully.
Indian Logistics and also a possibility
The Indian logistics sector is growing at a high speed. The logistics industry in India is estimated to grow from USD 115 billion in 2017 to USD 240 billion by 2026.
In order to keep up with demand, supply chain experts are increasingly looking for new ways to improve their processes and lower costs.
The connected logistics sector in India is anticipated to grow from $1 billion in 2017 to $3 billion by 2026. This growth will be driven by the increasing demand for IoT devices and solutions, which will be used across all areas of the supply chain process.
Connected logistics is a term that refers to the use of innovative technologies in order to provide better and more efficient ways of managing a supply chain. Connected logistics is one of the most talked-about topics in the logistics world, with many companies looking for ways to integrate it into their operations.
The Indian logistics industry has been expanding at a speedy pace, and it is predicted that by 2020, India will have emerged as one of the biggest markets in this field. With India’s ever-increasing population and its booming economy, there are many good times for businesses to enter this market.
The key benefits of connected logistics are rapid productivity renovation, boosted safety, price optimization, improved expertise, and a major enhancement of training performance.
Connected Logistics on 4G Network and Transition
The next concern that any supply chain professional has in his/her mind is, “Is it the right time to invest in automation as well as connected logistics?”
In the past, the answer would be no, because it was not the right time to invest in automation and connected logistics. However, in the future, the answer would be yes. It is the right time to invest in automation and connected logistics.
The reason the answer is different in the past and future is the advancement of technology. With the advancement of technology, the cost of automation and connected logistics has decreased, making it more affordable for companies to invest in. Additionally, the advancement of technology has made it easier for companies to connect their logistics operations, which has resulted in increased efficiency and cost savings.
As a supply chain professional, it is important to keep up with the latest advancements in technology so that you can make informed decisions about whether or not to invest in automation and connected logistics.
- Reduced Latency– Enabling critical tasks to be done without dead time.
- Huge data volume– Can take care of complex information from numerous sources. As an example, the ability is offered in all vehicles at different times and locations, relocating numerous routes and lots offered at different areas in the same time array on the numerous paths.
- High Throughput– Assists in the automation of procedures that help the big-range rep become viable.
- A greater level of programmability– A greater variety of devices can be utilized.
- Custom-made High Quality of Providers (QoS)- Rather than “one-size-fits-all”—aiding in the personalization of options for your clients.
As 5G technology is progressively released and utilized by businesses and consumers, it is forecast that there will be an overall decline in 4G users, as well as a decline in the price of mobile data. The decrease in 4G users is mainly due to the fact that 5G is a much more advanced technology that offers faster speeds and better connectivity. Furthermore, businesses are expected to increasingly adopt 5G technology in order to improve productivity and efficiency. As a result, the overall demand for 5G services will increase, which will, in turn, lead to a decline in the price of mobile data.
Substantial Net of Things (IoT)-This means a significant volume of inexpensive, low-power-consuming gadgets can be attached.
Essential IoT-High Integrity– A huge level of data handling at an ultralow latency.
Augmented Facts or Virtual Reality-Aids in the digital excursion for customers for solutions like warehousing, safety measures, etc.
Much Better Connected Automation- Smart devices can be attached without a drop in the quality of the network and also rate. This assists in much better stewardship of possessions and also productivity improvement.
Much Better Results of Artificial Intelligence (AI)— A bigger and more intricate network of AI-enabled tools to allow smarter decision making.
Existing limitations have enabled several supply chain experts to relocate in the direction of linked automation and wise tools, which can assist in faster healing and limit the opportunity of future disruption because of the lurking danger of a second or third wave of COVID-19, or any such unmatched force majeure scenario in the future. It is coming to be an integral part of a company's connection plan.
In order to be a successful decision-maker, it is important to always act before the curve, have a first-mover benefit, and stay ahead of the competition.
The connected network can bring you higher performance. This greater performance brings about greater productivity from your existing company processes.