Demand and supply are intrinsically connected. It is but natural that the effective management of Demand will obviously have its positive effects on the Supply Chain Management.
Data is not stored in a traditional database on a Blockchain. Data in a blockchain can’t be tampered with. This is possible because of the append-only nature of the blockchain database. What this basically means is that after a transaction data is stored in a blockchain (as a block), that data can’t be edited or altered. As a result, all such transactions are shield
Shipping companies can boost operations across the board by leveraging the power of technologies such as Artificial Intelligence, Machine Learning, and Predictive Analysis. The big game-changer can be real-time freight analytics. It provides the vital clarity needed in the complex supply chain ecosystem of the shipping industry.
Thanks to smart ports, countries can now inexpensively import the goods they need from overseas markets and export the products that others need cost-effectively. It is an automated port that leverages data analytics to help shipping companies make the right business decisions and improve operational efficiency across the board.
The transportation industry is one of the industries where technological innovations can be felt in a very tangible manner. You can practically ‘see’ how digital transformation and modern technologies are revolutionizing the way the logistics industry works. From land based transportation to maritime and air-freight: all the three main aspects of the logistics industry are getting reshaped by digital transformation.
The logistics industry, like many others, has seen dramatic transformations with the advancement of new technologies such as Big Data and Artificial Intelligence (AI). Warehouse automation, smart roads, and predictive analytics are examples of technologies and automation in shipping industry that are fast becoming the new norm in the modern world.
Every new technology comes with promises and pitfalls. It is crucial that organizations follow best practices pertaining to technology to avoid these pitfalls. Azure Data Lake entails some best practices. Here are 5 major ADL best practices that you should follow.
AI in maritime industry is still in its nascent stage. Automated systems are not being leveraged much. Fortunately, the scene is changing fast. We can see an uptick in the upgradation of maritime technology and the introduction of the IBM Mayflower is going to be an epoch in this journey towards Maritime Automation.