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On the contrary, in the current scenario, data forms the basis of logistics service operations.
If data is the backbone for successful logistics operations, let us have a glance at the benefits it offers:Improved operational efficiencyReal-time optimization of routesLast-mile optimization of routesStrategic network and capacity planningCustomer service improvementProduct innovationBesides the pros mentioned above, there are some challenges associated with the huge volume of data.
Although this data has the potential to transform logistics businesses, most of the time it gets overwhelming for logistics service providers to sort the information into useful and not so useful ones.
Data stored in different formats or systems not able to create actionable insights is simply wastage of storage.
This is exactly when implementable data-driven solutions come into the picture.
These data standards govern how exactly the data should be recorded, stored, and then shared.The principle that dictates the standards is that the exchange of any important information must happen in a common format that would make collaborating and extracting valuable insights simple and convenient.
