Future of logistics dominated by AI

LogiMAT 2020 in Stuttgart

ID: 1556266
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(PresseBox) - Many areas of logistics are experiencing a paradigm shift in technology. Intralogistics will be the first area reshaped by digital technology and artificial intelligence (AI). Over 210 software companies will be on hand at LogiMAT

The tech industry is booming. Software developers and providers saw sales in Germany rise 6.3% to over ?26very company needs IT consulting and software solutions to roll out new products and services and optimize business processes.? In a Bitkom survey, over two-thirds of logistics companies point to time savings as a benefit of digital applications, while 43% cite lower susceptibility to errors and outages, 35% a physical benefit to employees, 33% better service to end customers, and 31% less need for storage space. ?Purely analog logistics is not sustainable,? Berg concludes.

No question: Digital technology is transforming intralogistics. The use of AI for efficient route planning or the predictive maintenance of equipment and machinery; the transport of goods using automated guided vehicles, trucks, and drones; or the use of blockchain for a transparent supply chain: A paradigm shift in technology is already underway in many areas of logistics. The latest IT developments in both hardware and software form the foundation of this shift. As storage capacities grow and high-performance processors deliver ever-greater processing speeds, it becomes possible to process more and more data faster and faster using sensor and imaging technologies, for example. Robotic process automation and AI methodologies and processes use automated computing processes to deliver optimized, self-organized reactions in real time. Intralogistics software companies from around the world will be on hand to demonstrate how far such ideas have already advanced and how they have found their way into the spectrum of features that their solutions offer?at the 18th International LogiMAT Trade Show for Intralogistics Solutions and Process Management, March



The IT sector, traditionally the second-largest exhibitor contingent, is located in Hallsom Munich-based organizer EUROEXPO Messe- und Kongress-GmbH. ?On the one hand, digital transformation requires integrated data management, end-to-end interconnectivity, integration, and smart data flows. ?On the other hand, people want systems with simpler, more intuitive interfaces. That?s why many key software processes run automatically in the background using AI algorithms and robotic process automation.?

AI for more transparency, efficiency, flexibility

AI applications like machine learning and neural networks make it possible to apply specific algorithms to huge volumes of data, identifying patterns and calculating probabilities that would otherwise be all but unknowable. The software does this by simulating a variety of different processes and variables in real time and comparing the analytic results to initiate the ideal solution. Industry professionals attending LogiMAT

Across nearly all levels of intralogistics software systems, exhibitors are showing features, tools, and systems that enhance the transparency, efficiency, and flexibility of internal processes with the help of AI methodologies and processes. Informin achieving transparent processes, allocating time slots and loading docks, and plugging in individual services without the need for a time-consuming process of integration.

Logivationsf warehouse workers for two weeks, then use AI analysis to optimize walking, waiting, and picking times and to run efficiency and ergonomics analyses.

PSIzing shipping data, creating multi-criteria transport rates, and identifying additional value-adding potential in the supply chain. One concrete application of this is to reduce logistics costs through the smart analysis of customer behavior in order placement. ?Developing these new features would''ve been almost inconceivable without the integration of AI methodologies and processes,? concludes Dr.

Optimization algorithms for multi-order picking

But the 18th LogiMAT is also the place to find less resource-hungry software applications that do their job just fine without AI. Dr.g-and-drop order prioritizing.

The software and consulting provider Soloplan GmbH (Hallrehouse management system. ?The software calculates the most effective sequence for the picking process and intelligently groups multiple orders,? explains Hendrik Ohlms, Head of Business Solutions ERP at the Sievers Group. ?Optimization algorithms control this multi-order picking, calculate the shortest walking paths, and deploy the personnel efficiently to achieve significantly higher picking performance.?

?The software industry, as is clearly evident from the presentations at the 18th LogiMAT, is at a real crossroads now,? concludes LogiMAT Exhibition Director Ruchty. ?On the one hand, it must adapt new technological developments and integrate them into evolving product portfolios. But on the other hand, those in the market who use these business applications are hesitant and underinformed when it comes to embracing new technologies and the demand for such systems. A lot of IT potential actually goes unrealized as a result.?

The McKinsey Global Institute estimates that the European Union could expand its economic output by 19naturally, those who run conventional software want their systems to continue to be maintained,? Ruchty adds. ?The software companies face the challenge of accommodating both sets of demands and developing marketable solutions that push the digital transformation and further mainstream AI applications. The wealth of information and exhibits available at LogiMAT offers industry professionals a solid roadmap for developing their own sustainable IT infrastructure strategies.?

About LogiMAT

LogiMAT, the 18th International Trade Show for Intralogistics Solutions and Process Management, is coming to the Messe Stuttgart convention center, directly adjacent to Stuttgart International Airport, Marcharly in the year to showcase innovative technologies, products, systems, and solutions for streamlining operations, optimizing processes, and cutting costs in a company?s internal logistics. Beyond the exhibitor booths, visitors can also experience a different program of presentations each day covering a wide range of topics.

EUROEXPO has also partnered with Landesmesse Stuttgart since 2014 to present the annual LogiMAT

Bangkok, Thailand, is a new venue in the portfolio. ?LogiMAT | Intelligent Warehouse? makes its debut May



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published by: PresseBox
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Date: 02/24/2020 - 06:23
Language: English
News-ID 1556266
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