The idea of an AI-driven freight exchange and logistics platform is not new. However, no company has yet succeeded in developing “AI” and “logistics” in a way that creates real value and benefits for all parties involved.
What is AI?
AI is the abbreviation for artificial intelligence. AI refers to the ability of a computer system to mimic or outperform human tasks. AI systems are often used in fields where it is difficult to find human experts, such as medicine, financial analysis, or stock trading. Some examples of AI systems include voice recognition systems such as Apple’s Siri or Google Now, autonomous vehicles and robots, and systems for recognizing patterns in large amounts of data.
AI and logistics
The freight industry faces several challenges that could be solved by the introduction of AI systems. For one, the industry is very fragmented and there are many different types of companies, all with their own supply chains. This makes it difficult to get information on prices and availability of freight and hold bids.
Secondly, the industry is highly regulated and there are many different rules and regulations that must be followed. This often makes it difficult for companies to optimize their supply chains and save costs. The introduction of a Ki controlled freight exchange could solve these problems.
The platform should enable end customers and companies to easily access information on prices and availability of available freight and cargo space. In addition, the platform could also help solve regulatory issues in the industry by allowing supply chains to be adjusted to better comply with applicable rules and regulations.
The Freight Exchange AI Project
The idea of an AI-driven freight exchange is still in the development phase. The idea is to develop an online platform that allows companies to optimize their supply chains and save costs. In the overview of freight exchanges, it is noticeable that there are currently only a few players dividing the market among themselves with paid offerings. “With our AI solution, we will revitalize the market,” says Günter Dillenberg – owner of Webbinder IT solutions.
The system will work in a completely different, intuitive way and will be free for all market participants.
The platform will be driven by artificial intelligence (AI) and will be able to find the best offers and routes for deliveries and compare prices for different types of freight and cargo space. The idea is not to enter freight and cargo space offers into a system in the usual way, which is time-consuming, error-prone and too slow. The system will work in a completely different, intuitive way and should be free of charge for all market participants.
The AI system is currently being developed through “Webbinder IT Solutions“. The CEO states that the freight exchange AI will be ready for the market by 2024.