The dominance of Artificial Intelligence in the Shipping Industry

 For a long time, Artificial Intelligence (AI) has been a popular topic for any tech-related discussion. However, off late AI has transcended boundaries from being a promising future technology to actually proving its worth. It has become an integral part of many industries and has many use cases. The latest McKinsey Global AI survey showed that the use of AI technology is showing a 25% Y-o-Y increase with applications in all areas of businesses. 

The Shipping industry uses AI as its prime technology. Global cyber threats and the pressure to comply with environmental laws and norms have necessitated digitization in the shipping industry. Thus, AI has the potential to enhance the shipping industry in terms of its service quality and speed of delivery. It has many use cases that help in eliminating routine tasks and driving up productivity.

AI improves the predictive capability of the shipping industry. It helps in accurately predicting shipping time, weather patterns, the optimal location for warehouses, and congestion in shipping lanes. These forecasts are made based on historical data, and it prepares the industry to take decisions faster. AI synthesizes an enormous amount of data almost instantly and helps to detect problems beforehand. Thus, it makes the job much easier for supply chain managers. 

AI has improved shipping speed. It has optimized warehouse operations, terminal operations, and made truck yards more efficient. Further, AI technology helps in coming up with the optimum route to reduce delivery time. Thus, it has facilitated the express courier services to Asia and other countries. 

AI helps in mitigating inefficiencies and optimizing the maintenance of shipping equipment. AI technology helps in designing the shipping containers or vessels, keeping in mind the environmental regulations. Thus, the shipping company can bring down unnecessary fuel consumption, CO2 emissions, and greenhouse gas emissions. Hence, along with maintaining environmental regulations, shippers can also cut down on fuel costs. Thus, many shipping companies are offering discounted shipping to China, Asia, and other countries. 

The shipping industry has extensive applications for autonomous vehicles. The use of AI in these vehicles enables them to mimic human perceptions and make correct decisions. Be it responding to a visual stimulus and sounds, or reading and interpreting data from sensors, AI can make these vehicles replace any logistics worker and ramp-up the process efficiency. 

Another application of AI is the use of drones in the shipping carriers. It helps in detecting accidents and makes the shipping process safer. 

Thus, the use of AI is bringing a revolution in the shipping industry. Be it post a package overseas, or making express deliveries, the shipping industry is using AI in all aspects of their business. 


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