business
‘‘
TALKING
////////////////////////////////////////////////////////////////////
Kushal Nahata,
CEO and Co-
founder, FarEye
• UAV/Drone
The usage of UAVs (Unmanned Aerial
Vehicle) in logistics is in a nascent state.
However, companies like Amazon, DHL,
Google are experimenting in this field.
Amazon has even started delivery via
drones in its ‘Prime Air’ service. Drones
are more efficient as they need to cover
much less distance than on-road fleets
and are battery operated. The usage
of drones in the future would lower the
overall environmental impact of firms in
the logistics sector.
• IoT
IoT is an ecosystem of connected
devices that communicate in real time.
Cloud-based RFID chips, GPS trackers,
advanced vehicle telematics and sensors
constitute IoT. It makes communication
possible between infrastructure and
vehicle, vehicle and vehicle, infrastructure
and infrastructure. The seamless flow of
information would help in optimising the
entire network and scheduling; reducing
distance traversed and idle engine
time thereby reducing greenhouse gas
emission. Smart sensors placed in vehicles
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INTELLIGENTCIO
would help in continuously monitoring
the fuel emission and help keep negative
impact on the environment in check.
The Middle East region is the strategic hub for
international trade and commerce between
the east and the west. According to Statista,
the revenue generated by the logistics sector in
the Middle East is US$40.2 billion as of 2016.
The logistics industry is set to grow in
both value and volume in the future.
The growth in this sector also provides
challenges in devising strategies to counter
the environmental impact of the same.
Digital logistics and the application of
other emerging technologies like Big Data
analytics, IoT, drone et al will be necessary to
devise a sustainable growth in this sector.
As per A. T. Kearney analysis, the number
of vehicles on the road is expected to
double from 16 million in 2016 to 30
million by 2025. The application of IoT in
the infrastructure and transportation sector
could potentially lower US$117 million in
fuel costs to about half by 2025 resulting in
a massive decrease in the greenhouse gas
emission and make the logistics industry
much more environment friendly.
The logistics industry is playing its part
in reducing damage to the environment
caused due to human activities and with the
speedy adoption of smarter technologies,
the future is going to get better. n
“
SMART SENSORS
PLACED IN
VEHICLES
WOULD HELP IN
CONTINUOUSLY
MONITORING THE
FUEL EMISSION.
www.intelligentcio.com