b'DECEMBER 18, 2023JANUARY 21, 2024 NORTH AMERICAS TRANSPORTATION & LOGISTICS NEWSPAPER 7How AI will impact the future of shipping is a question being asked throughoutANALYSIS & the logistics communityAJOT correspondent Manik Mehta attending the AI New YorkPERSPECTIVE 20232023 Summit held at the Javits Convention Center got a glimpse of an AI future.By Manik Mehta, AJOT If there was a single technologyorganization had been talking to sev-expected to grow and gradually per- eralindustries,exploringwaysand meatealmostallindustries,includ- means of increasing productivity and ing the transportation, shipping, andefficiency, and reducing costs.logistics industry, it is artificial intel- AIisalreadybeingused,for ligence better known as AI, that seemsexample, by a large number of depart-to be following that path. mentsintheaviationsector.Itis This was also the verdict passedbeingusedininfrastructureandfor bymostproviders,usersandAIsmart transportation and smart cities experts who had descended on the AIthat can improve the lives of people. New York 2023 Summit held Decem- Technologydevelopmentismoving ber6-7attheJavitsConventionvery fast, and U.S. companies respect Center in New York. AI regulations.Indeed, the large gathering at theCorporations are resorting to AIs event suggested that in about ten yearsuse at a much faster pace.AI will play AI will be used by all corporate play- a very important role in our lives.Over ers, including those involved in trans- (IMPACTcontinued on page 8) AI will evolve to gradually touch almost every industry, including transportation.portation, logistics, infrastructure, etc.Variousreportssuggestthatthe AI market size will post strong growthB R A T Irates in the next seven years, with oneL E N GreportexpectingthemarketsizetoC Ereach US$ 1 trillion in 2030.Adam Goldberg, a member of the GTMteam,ChatGPTEnterprise,at OpenAI, stated during a panel discus- 1920-2020sion at the summit that AI will be usedO Eby100%oftheenterprises,addingF SERVICthat the next two or three years would be wild, with organizations aggres- SUCCESS STARTS WITH A WINNING TEAM!sively making changes in their busi-ness processes. Alysa Taylor, corporate vice pres-ident for Azure & Industry at Micro- Since our establishment in 1920, we haveWE OFFER OUR CUSTOMERS:soft, recalled that a large number ofbeen providing our global customers a organizations had grappled with wayspremier level of service through superior On-site Storage and Multi-modal of using generative AI in 2023. But inhandling and performance, technologicalDistribution Servicesthe coming year, she said, they wouldadvancements, and a perpetual eyeCustomer Access to 24 hour Inventory Tracking actively resort to using new AI toolson customer satisfaction. Also, we offer one Standard Berths and Ro-Ro Ramps are available and procedures and the pace of trans- of the most cost effective and reliable labor Specially engineered Lifting Gearformation would be faster then.Someforces in the North Atlantic. even suggested that AI could enhanceContainer Transloading from / to Rail or Truckhumanintelligenceandoverallcre- We have the ability to accommodate a On-site service provided by 2 Class I ative output with one Indian AI expertvariety of automobile, breakbulk, bulk,Rail Carrierssaying that it enables us to becomecontainer and forest products. Our Efficient Distribution to Two Thirds of thebetterexpertsfaster.Itdoesnotdistinction, is based on our ability to closelyUnited States and Canadian populations within matter if you have been in a profes- coordinate your Stevedoring, Warehousing48 - 72 Hours sion for three decades or three hours.and Distribution Logistics. ai W illi MpacTa lll argEi ndusTrials EcTorsJoshuaBuilta,researchdirector who heads the research team for AI and IoT at OMDIA, part of Informa Tech, a technology research and advi-sorygroup,sharedhisinsightson techmarkets.Ourcompany[has]FOR MORE INFORMATION existed12 yearsI can say that thereCONTACT US AT:willbenolargeindustry,including operators in the transportation sector,JH STEVEDORING, INC. that will not be impacted by AI, he2147 South Columbus Blvd. said in an interview, adding that hisPhiladelphia, PA 19148TEL: 215-218-3060FAX: 215-218-3078WEB: www.jhstevedoring.comPENN WAREHOUSING & DISTRIBUTION, INC. 2147 South Columbus Blvd. Philadelphia, PA 19148TEL: 215-218-3000FAX: 215-218-3043WEB: www.pennwarehousing.comJoshua Builta, research director at OMDIA'