It’s always been essential for shipping companies to keep track of where everything is, and Internet of Things applications have made that easier. But the IoT is also expanding the ways in which T&L firms function—cutting costs, increasing efficiency, and creating new revenue possibilities.
Many industries and business sectors are struggling to grasp the possibilities of data-driven technology, but companies in transport and logistics (T&L) are way ahead. By their very nature, the logistics providers that move objects by air, sea, rail, and ground have widely distributed networks and rely on rapid information about those networks to make decisions. As a result, they were quick to see the benefits of new sensor and connection technology, placing them at the forefront of the transition to a connected world.