Nowadays, we often come across the news about small and large tech companies entering the logistics market with an idea to improve some parts of it through the latest technology, which pushes the current logistics players to keep innovating in order to stay competitive. Although many companies claim that they will disrupt the industry, which is estimated to reach US$12,256 billion in Global Market Worth by 2022, only a few of them actually have the power to do so. During the last year, Transmetrics Blog mentioned several innovations from Uber and Amazon and discussed what kind of value both of the tech giants could possibly bring to logistics.
AI is currently one of the most overhyped topics. There is this misguided belief that one day, computers are going to be smarter than people. That they are going to take many jobs from us and that they are going to start a war against people. In actuality, computers cannot be people because they lack creativity, imagination, and they cannot think abstractly. Artificial intelligence is a set of algorithms which can provide very complex outputs and decisions based on incoming data. Therefore when you have an individual stream of data such as anything from transport shipments to video and audio data coming from a self-driving car, AI is the software that can make decisions that are much more complicated compared to the decisions the traditional software makes.