The technological advancements are mostly done by airlines that have deep pockets and thus there is a high barrier to entry for budget and small airlines to invest on AI, explained Frost & Sullivan. AI and ML can alter air cargo as they have potential to augment cargo transportation, forecast meteorological conditions, and assist in inventory control, contributing toward an advanced trading ecosystem. “These technological advancements are mostly done by airlines that have deep pockets, and thus, there is a high barrier to entry for budget and small airlines to invest in AI.”
She also adds that, “AI has the potential to revolutionise the air cargo industry in the Middle East by streamlining processes, optimising capacity, and enhancing revenue management. From automated document processing to AI-powered cargo management systems, these technological advancements guarantee significant efficiency gains and a more transparent trading ecosystem,” Madhusmita Pattanayak, Senior Consulting Analyst, Growth, Advisory, Supply Chain & Logistics, said.
Kommentare