If the safety of your vehicles, employees, and passengers is a concern, if you are facing issues in the business process improvement, if the rising cost of operation is threatening your profitability, then the internet of things i.e. IoT in your transportation business could be the right solution as it is transforming the way this industry operates.
Internet of things continues to dominate the future of several businesses and the transportation industry is no exception. As per IoT analytics, Inc. (the online portal that engages in researching about IoT market insights), the IoT market is booming despite the adverse impact of the Covid19 pandemic on most related sectors. The total number of connected IoT devices will reach approximately 27 billion by the year 2025. These are pretty big numbers and the future seems bright.
IoT in the transportation industry uses a network of centrally connected devices with sensors, GPS, electronic monitors, RFID systems, etc. to ensure real-time visibility. These devices are connected to vehicles or off-road locations like owners or/and customer’s warehouses, offices, or stores. Thus, the internet of things enhances operational efficiency.
It is interesting to know how the internet of things is contributing to smarter transportation systems and ultimately a smarter world. The top benefits and use cases are as follows.
Benefits and Use Cases in the Transportation and Logistics Industry
