Predictive Analytics and AI in Logistics: Driving Operational Excellence and Cost Reduction
In today's tough business world, logistics are under lots of pressure to work better and cost less. Predictive analytics and AI are big deals in making logistics run smoother. This study looks into how predictive analytics and AI can be used logistics to make things work better and save. By using old data and what's happening right now, analytics help to make smart decisions ahead of time, plan out routes, manage stock, and use resources the right way. AI takes it up a notch by doing things automatically, figuring out what people want before they even know it, and risks. Real-life examples show how predictive analytics and AI help logistics run better, offer more reliable service, and save lots of money. This research talks about how predictive analytics and AI are changing logistics for the better in practical ways and looks at what might happen in the future. It shows how important they are in making logistics more efficient and profitable down the road.
Authors
- P Suraj
- Prathiksha P Shetty
- B E Suhas
- H M Pranav
Institutions
- Visvesvaraya Technological University (IN)
Publication Details
- Published
- 2024-11-07
- DOI
- https://doi.org/10.1109/csitss64042.2024.10817044
- Citations
- 3
- Primary Topic
- Big Data and Business Intelligence
- Type
- article
- Field-Weighted Citation Impact
- 1.59