VesselFinder

A sea-faring vessel using a variety of sensors to manage its regular processes and navigation is a smart ship. Uses of this IoT technology range from single vessel to fleet management. However, even management of a single ship involves using massive amounts of data.

Fleet management uses IoT and other technology to monitor the movement and function of a fleet of vehicles. These vehicles may be trucks, cars, or ships.

AI has been used to improve supply chain and demand forecasting for a couple of decades. Demand planning applications use data driven algorithms to take historical data and use it to forecast. Demand forecasting can include promotion planning or stock and sales forecasting. The machine looks at the forecast, compares it to actual shipments, and suggests alternatives and optimization options. Over time, many companies started doing more specific forecasting for specific regions, products or stores or for more granular points in time. Both retailers and their suppliers (CPG companies or 3rd party shipping and supply chain companies) use their data to help conduct automated decision making within the supply chain.