iSoftStone: AI Improves Logistics Efficiency and Promotes Industrial Upgrading

The 2018 ABC SUMMIT was opened in Shenzhen recently and the focus this year is on five major areas including digital logistics and intelligent vehicle connection. At this summit, iSoftStone has shared its view with industrial experts about challenges the logistics sector is facing and solutions to address them.

As we are now endeavoring to drive upgrading of industries through enhancing their performance by efficiency improvement, logistics is an especially important link to improve the efficiency of the whole industrial supply chain. Currently, however, the domestic automobile logistics companies have an as high as 39% of empty vehicles, and the cost of auto logistics remains high.

The urgent need of manufacturing and logistics companies for logistics industry chain, said Jie Zhang, Digital Logistics Product Expert of iSoftStone in her keynote speech at the Digital Logistics Forum, has shifted from original cost saving to smart operation, efficient circulation, self-optimization, and coordinated linkage. The pattern of ‘Internet + logistics’ has become a national and industrial priority”.

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In response to this demand, iSoftStone has launched its digital logistics solutions which have fully integrated resources in the whole logistics industry chain to offer resource matching and services to shippers, vehicle owners, companies in logistics and transportation, storage, and automobile maintenance sectors with help of technologies such as AI, big data, and IoT. The solution could help remove all the barriers existing in traditional logistics sector in terms of transaction, supervision, settlement, information exchange, intensification, and integration.

The service also allows credit finance expansion, introducing personal credit system to replace original simple loan method and making logistics credit finance more safer and efficient.

Liming Chen, Senior Vice President of iSoftStone, said at the conference that iSoftStone and Baidu, leveraging on their advantages on AI and big data, have realized AI algorithm-based intelligent order sending, dispatch, visual tracking and multimodal transport, significantly improving efficiency of the logistics sector. The digital logistics cloud platform developed by the two for a large state-owned enterprise has helped the company acquire the title of “The National First Carless Carrier Companies” as well as the approval of implementing an international multimodal transport demonstration project.

iSoftStone, the leading China innovative software and IT services provider and digital economy enabler, is a company using digital technologies to help companies transform and upgrade. In addition to logistics sector, iSoftStone’s services have also covered 10 plus other industries, including finance, power, real estate, telecommunications, the Internet, and retail, creating values for over 1,000 customers both at home and abroad.

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