data collection

3 questions to consider before investing in AI

This article was originally published in the second issue of FreightWaves’ Supply Chain Playbook.

By leveraging AI technologies, shippers, carriers and logistics providers can reduce costs, drive operational efficiencies and, in the end, provide a customer service experience that has consumers coming back for more.

While there is significant opportunity for greater productivity by using AI tools, these are not systems that you add to your operations today and expect a return tomorrow. The success...

https://www.freightwaves.com/news/3-questions-to-consider-before-investing-in-ai

More data or a better understanding: Brands need not choose

For last-mile delivery providers and their retail customers, the collection of data has become a must. How they use that data and how much is shared with customers, however, remains more clouded.

“It was always a topic, but everyone was so involved in running day-to-day operations, the pressure [to invest] wasn’t enough,” said Tobias Buxhoidt, founder and CEO of post-sales experience company parcelLab.

Buxhoidt told Modern Shipper that supply chains are “very structural” on how they work, but...

https://www.freightwaves.com/news/more-data-or-a-better-understanding-brands-need-not-choose

Medically Necessary: Data, Data, Data

Investing In Data Management

The world of supply chain management in health care is evolving extremely fast, as COVID-19 (see graph) has been a significant influencer of technology development. However, like COVID, the state of some organizations’ data was a shock; many were unprepared for the future and the cost associated with modernizing. It is estimated that most companies will be increasing their technology budgets, but with a worldwide shortage of semiconductors and other parts, the...

https://www.freightwaves.com/news/medically-necessary-data-data-data

NFTs are coming to a supply chain near you

NFTs are making their way into the supply chain and helping companies verify and track their products

In just about any other world, spending nearly $70 million on a JPEG would be seen as absurd. It’s a little bit crazy even in our world. But such is the reality of NFTs, digitized images that are being bought and sold for tens of millions of dollars every day.

NFT stands for non-fungible token, which is still pretty confusing. Essentially, it means that the specific image being bought or sold cannot be owned or duplicated by anyone else. So far, the biggest application for NFTs has been in the...

https://www.freightwaves.com/news/nfts-are-coming-to-a-supply-chain-near-you

How an AV car company is helping keep the lights on

As dozens of companies have worked to bring autonomous vehicles (AVs) to life, most of the outside focus has been directed at safety and legal concerns. While engineers are fine-tuning sensors, cameras and artificial intelligence systems to ensure vehicles properly recognize objects, brake when they are supposed to and safely deliver passengers and cargo to their proper destination, others are looking at what other benefits AVs could bring to the world.

It boils down to this question: Is there a...

https://www.freightwaves.com/news/how-an-av-car-company-is-helping-keep-the-lights-on

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