5 ways IoT has Transformed the Transportation Industry

Enterprise Solutions, Internet of Things

One of the most interesting and life-changing implementations based on the internet in this decade has been the Internet of Things. The IoT devices already offer, and promises a further significant improvement in how we interact with the devices we use daily. The most basic devices revolutionized by IoT would be our thermostats, light bulbs, fans, etc. but these are only the tip of the iceberg when it comes to possibilities through IoT implementation.

Which is what brings us here today, we are going to talk about the part that IoT played in transforming the transportation industry. Analytics and remote controlling of vehicles are the two major benefits of using IoT devices for transportation and, in particular, the automotive industry. The infographic from Intel suggests, there will be over 200billion IoT objects in the world by 2020, and that’s over 26 for each one of us in the world. Transportation being one of the most important industries in the world, is too catching up on the IoT train. 

The IoT industry’s development has enabled devices like OBD in the vehicles and has greatly improved the handling and logistics department as well as passenger transport. Both are a necessary part of the transportation industry, with an IoT enabled transport booking app, both users and business can benefit. 

Even though the internet grid has already connected all modes of transport, the IoT implementation in transportation can take its levels further and deepen and widen the existing grid to an extreme level. Let us see below how the transportation industry is benefiting from the offerings of IoT.

Here are the top 5 ways the transportation industry has benefitted from IoT

  1. Geolocation
  2. Monitoring and Compliance
  3. Fleet Management
  4. Real-time Updates
  5. Inventory Management

Let’s begin with a brief description of how these features of IoT have helped transform the transportation business.

  • Geolocation

Whether it’s public or goods transport, geolocation has to be one of the most important IoT implementations we have. From smart fare calculations to live location updates, this feature has it all covered. Combined with geo-fencing, transportation can be much more efficient and safer for both businesses and users.

There are more features like live traffic updates, enabling transport in less time, reducing costs, and improving customer satisfaction. IoT and geolocation go hand in hand, an array of IoT devices can help pinpoint the vehicle’s exact location. 

We have seen the implementation of IoT in the automotive industry in recent times, with geolocation playing a major role in working with it. We know that the transport industry consists of many means of transport, and they are all in one way or the other, benefitted by geolocation.

  • Monitoring and compliance 

Compliance for a transporting business is one of the most essential parts, and managing that from your office’s comfort is possible by using IoT devices and sensors. For example, a simple sensor can be put in to relay the TMPS readings, ensuring the maximum load compliance is followed in terms of maximum load on the vehicle. 

Simple radar-based sensors can be linked to the internet for getting a real-time update on passengers and notifying the upcoming stops on the seat availability, especially in public transport. Many such sensors can be used with IoT to improve the transportation business’s functioning in many ways. 

Using IoT devices, transportation business owners can ensure that the vehicles are used in optimum conditions, the drivers follow the rules and regulations, and the goods/passengers are transported safely. In the IoT based applications we have created, there are triggers and notifications set for when any of the compliances are likely getting violated, giving live updates to the business owners. 

  • Fleet management

Imagine a world where the warehouse’s inventory or the people at a public transport stop can be magically calculated and relayed to your systems and vice versa. IoT has brought this down to a very real possibility, and is currently being widely used across the world. Smart logistic management IoT systems, combined with transportation IoT systems, have improved supply chain management and customer satisfaction. 

The IoT sensors provide real-time information about the vehicle, ensuring the fleet management system gets all the necessary information to manage the fleet. We have already seen great improvements and are expected to see more as IoT is more adopted in the transportation industry. 

  • Real-time updates

The onboard IoT devices can give real-time updates on things such as driver behavior and traffic conditions. IoT can push the transport industry at the very perfection it demands, all thorough improvements based on the deductions from real-time data sharing and management. Both public transit and goods transport benefit from these real-time updates, and proper utilization of IoT ensures a smooth flow in the industry.

As we discussed in the point for geolocation, real-time updates are in no way limited to that, and with more IoT sensors, the list is only expanded. This particular feature has highly improved customer satisfaction in passenger transport and holds equivalent possibilities for goods transport. 

  • Inventory management

In the logistics industry, most IIoT and IoT development services have been focused on solving this particular problem. Gone are the days of manual inventory management, gone are the days of even computer-based inventory management. With IoT devices in place, inventory management has improved a lot more than we could have imagined 10 years ago, and it directly impacts the transportation industry. 

Both inventory management and the transportation industry have heavily benefited from IoT solutions in recent years, and the trend is only going upwards. What this means for the transport industry is speeding up, loading fuller vehicles, and top-notch management. The connectivity of warehouses will also ensure maximum feasibility when choosing transport vehicles. The data can be fed about the dimensions of the vehicle’s capacity and used to make smarter decisions.

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Conclusion

The industry has grown a lot in recent years, and with more implementations of IoT coming up, it is expected to grow further. The old software might still get the job done, but we, as an IoT development company, are focused on perfection and improving feasibility. We have created various IoT solutions for transportation businesses, and they have all reported a significant improvement in both functioning and profits. 

The five advantages we mentioned above are what generally helped the transportation business improve, there are a lot more based on the niche and business type. Implementation of IIoT and IoT depends further upon your requirements, so to know more about how IoT can improve transportation, you can contact us, and we would be happy to assist you with all the possibilities.