Artificial intelligence (AI) and machine learning (ML) algorithms are currently the most influential innovations in the logistics and freight sectors, according to Michael Henning, general manager at EasyClear.
“The move by the South African Revenue Service (Sars) towards a more standardised and enhanced dataset of invoice and worksheet details on the CUSDEC (Customs Declaration) system, as well as the validation of data such as the VAT number, is a prime example of this shift,” he said.
“This will enable artificial processes to better assess risk predictions, improve revenue collection and ensure the accuracy of VAT201 declarations for trade.”
Another emerging trend has been the widespread adoption of the Internet of Things (IoT), particularly in the road freight sector.
“Transporters are increasingly recognising and implementing digital solutions to enhance efficiency and reduce costs.
By analysing live data from f leets and other assets, IoT technology ensures the integrity of goods during transit and delivery, ultimately ensuring client expectations are met.”
- Read the full article in our Freight Features edition on "Technology".
