AI Articles and Analysis about Logistics

Logistics in the military encompasses more functions than most people realize. In modern warfare, that means large quantities of data to sift through in order to make decisions regarding supply, transport, communications, and so on. Using artificial intelligence (AI) and machine learning (ML) in one or more areas in logistics could help speed up that process and make it more agile.

The oil and gas industry is usually divided into three major operational sectors: upstream, midstream, and downstream. Upstream involves the exploration and production of oil and natural gas. Midstream usually refers to transportation and storage stages. Downstream encompasses the various processes involved in refining and selling oil.

McKinsey reported that most oil and gas operators have not maximized the production potential of their assets. A typical offshore platform, according to the 2017 report, runs at about 77% of its maximum production potential. Industry-wide, the shortfall comes to about 10 million barrels per day, or $200 billion in annual revenue.

In our previous report, we covered the current use cases for AI in construction and building. As of now, numerous companies claim to assist building maintenance managers in aspects of their roles from optimizing energy usage in building to improving the comfort of building occupants.

One highly sought after engineering role at major tech companies today is the natural language processing, or NLP, engineer.

The healthcare domain seems ripe for disruption by way of artificial intelligence in the form of predictive analytics. Accenture estimates the AI in healthcare market will reach $6.6 billion by 2021.

Episode Summary: We usually discuss the impact of artificial intelligence on a business's bottom line, but, in addition to law enforcement, governments and NGOs are also considering AI as a mechanism for improving society.

High-frequency retail (HFR) segments, such as groceries and drug stores, have ongoing challenges with profit margin - with grocery margins nearing 1% on average, according to an analyst from market research firm IBISWorld.