By Naresh Kamboj, Founder & CEO, Intozi
AI has permeated across industries today, including warehousing and supply chain management. Be it the deployment of drones for last-mile deliveries or the utilization of robots for internal warehouse operations, AI has revolutionized traditional practices, offering unprecedented opportunities for optimization and efficiency enhancement. The emergence of AI-driven solutions, particularly in the field of video analytics, have immense potential for various applications within warehousing and supply chain management. They help in providing real-time insights and enable data-driven decision-making. Here are some key areas in which AI-driven video analytics is giving substantial benefits.
Real-time inventory analysis
AI-powered video analytics helps in autonomous monitoring of inventory levels. Through advanced algorithms and image processing techniques, it is possible for cameras to detect and analyse inventory levels in real-time. They generate instant alerts and send them to relevant stakeholders, such as inventory managers or procurement teams. This further enables them to take prompt action to optimize order fulfilment processes and streamline procurement operations. By enhancing visibility and agility in inventory management, organizations can minimize stockouts, reduce carrying costs, and improve overall operational efficiency.
Assets monitoring
It is imperative to ensure the safety and security of assets within warehouses for seamless operations. With AI-based video analytics solutions, it becomes possible to monitor assets, including devices, robots, machinery, and equipment. By doing so, these systems can detect anomalies, such as asset theft or malfunction, and trigger alerts in real-time. Apart from this, they provide a comprehensive 360-degree view, facilitating post-incident analysis and proactive measures to mitigate risks. Additionally, they also help in monitoring the health of assets by analysing various parameters such as outlook, shape, and environmental factors, ensuring optimal performance and longevity.
Access control and intrusion detection
Maintaining the security of high-value inventory items is essential to mitigate the risk of pilferage and unauthorized access. AI-powered video analytics systems can enhance access control and intrusion detection capabilities within warehouses. By leveraging facial recognition, object detection, and behaviour analysis algorithms, they help identify and flag suspicious activities in real-time, thereby safeguarding valuable assets and minimizing losses. Whether it is monitoring fragile items, expensive materials, or pharmaceuticals, AI-driven solutions offer a proactive approach to security management, bolstering overall resilience and risk mitigation strategies.
Data analytics using AI
AI technologies facilitate advanced data analytics, enabling organizations to derive actionable insights from large and complex datasets. By harnessing AI algorithms, warehouses can optimize various aspects of operations, such as last-mile delivery performance. Predictive analytics and machine learning models help analyse historical data to identify patterns and trends, allowing for informed decision-making. For instance, AI can assist in selecting the most suitable courier partners based on their past performance for specific regions. This helps in enhancing efficiency, reducing costs, and improving customer satisfaction.
