Effective data usage is a notorious sore spot in Transportation and Logistics. Dutch Research institute Panteia recently published their yearly analysis of the Transportation & Logistics sector in the Netherlands and the theme of their findings was very clear: when it comes to implementing data driven IT strategies, the logistics sector must speed up or get overtaken.
These findings are not a big surprise to us. We’ve been sharing the same sentiments throughout 2018 with our blogs about what changes T&L need to make to keep up with digital innovation, and how to incorporate new technology into existing Logistical infrastructures to start the process. There are several steps every company in the sector can take to create a data-first strategy that will improve nearly every aspect of business.
Here are 3 ways to put data first in 2019:
- Invest in automation and data analysis and know how this investment will help your business in the long term. Nothing will give you an ROI quite like investing in automated business processes. Especially in T&L where communication is constant, the problems of missed messages and crossed wires can greatly affect margins.
- Build a team of IT specialists or seek help from experts that can ensure IT systems are integrated and capturing data in useful ways. Having experts on call to assist you in building and maintaining a high functioning digital infrastructure will take the guess work and hesitation out of transforming your company.
- Keep an open mind when it comes to new products and services, and keep your business at the forefront of innovation. Not every new product may be right for you, but just one right solution could solve all of your business’s problems when it comes to secure communication, integration and effective use of data.
With all of the innovations happening every day, there is no reason why data shouldn’t be put first and utilized to improve business functions and ultimately, improve the business’s bottom line. Investing in data, integrating systems, and trying new solutions could be the magic that your transportation and logistics business needs to propel it into 2019.
There are many ways to make sure your business is operating with a data-first strategy. It could be through utilizing the AS4 messaging platform, implementing automized data sharing with iSHARE, or moving your business to a Hybrid or Cloud based solution. There are many pieces in the digital transformation puzzle and we can help put all the pieces into place. If your company wants to put data first in 2019, contact us today to create a strategy.