One of the most progressive, technological initiatives of the 21st century, “smart tech” has undoubtedly revolutionized business on a global scale. From consumer-facing technologies and predictive inventory to driver-less cars and automated supply chains, advancements in Artificial Intelligence and IoT technologies have already taken hold in major cities, and are only gaining momentum in the transportation sector today
Reports from Frontier Analysts project that by 2020, 75% of new cars will be designed for, and enter the market with, built-in IoT connectivity. While this will revolutionize the way vehicles are manufactured and used, the potential for IoT and AI technologies within the transportation industry has garnered the interest from a slew of other sectors, including shipping, logistics, city planners, and transportation management. Industry leaders are already planning for a future where a myriad of smart, interconnected technologies will revolutionize the efficiency, safety, and productivity of transportation systems.