THE container shipping industry will deploy artificial
intelligence (AI), machine learning, the Internet of Things (IoT)
and blockchain
to drive efficiency, growth and reduce expenses, says INTTRA president Inna
Kuznetsova in a research paper.
These technologies will "massively improve our
ability to deliver goods and services from land-side to terminals to the
ocean," she said with co-author INTTRA technology chief Peter Spellman and
vice president Karim Jumma.
"Digitisation will connect buyers and sellers,
automate paper trails, and improve working capital through centralised
settlements. The opportunity to tie the physical operating process to the
digital financial operating process will accelerate to deliver on the promise
of digitisation," the report stated.
INTTRA
is a digital transaction that facilitates 800,000 container orders over its
platform weekly through 60 carriers. This is equivalent to one
quarter of global container volume.
While artificial intelligence has the "potential to
massively disrupt the container shipping industry, today's applications will
assist in jobs rather than replace jobs."
AI programmes will continue to advance, but their
limitations will require human intervention, meaning that humans will still be
needed to handle exceptions and higher-end tasks, ones that require creative
thinking, leadership and consultancy roles.
"Digitisation moves the data from paper to computers
in a format we can manipulate. Cloud then gives us the ability to store it and
process it, which then leads to AI applications that will incorporate machine
learning to reason with the data," INTTRA said.
"Another area AI will help is with smart containers.
AI and IoT will allow refrigerated containers, or reefers, to be monitored and
handled remotely, increasing and decreasing temperature and air flow as
required by changing conditions. The AI-enabled system will only involve humans
for exceptions," the report concluded.
Source : HKSG.
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