As per FABRIC, 33% of the warehousing jobs in the U.K. will become fully automated by 2030, as these systems can forecast patterns and simplify information processing in a way that businesses can better manage their inventory. This reduces the need for human intervention, thereby reducing the incidences of mistakes.

For instance, human-driven vehicles such as forklifts will make way for automated guided vehicles such as smart carts that are embedded with warehouse management software or 3PL systems. On the other hand, the influx of smart trucks that can help with surveillance of parcel management is also foraying into this area. Warehouses are also exploring the need of automated robots that claim to automatically stack and store products in a warehouse facility. Product placement can be decided with the help of machine learning algorithms, majorly depending on the popularity of each products in a way that frequently purchased items are within the grasp of the customers, and less purchased items are kept further away.

Another area where AI enabled warehouses can help manage costs is allocating the correct amount of manpower required in different warehouses. Moreover, product orders are validated by machine learning embedded systems, that can also help in dispatching products automatically, allow real-time tracking of shipments and routine follow up with buyer feedback. However, implementation of the technology is a major challenge for businesses due to high capital requirement, efficacy, etc. At present, approximately 15% of the businesses are currently using artificial intelligence for warehouse management. On the brighter side, the number is expected to cross the 80% mark in a span of 7 years. Moreover, retailers are expected to spend close to $ 2.8 billion in the next few years to transform their warehouses.

Several devices are foraying into the warehouse management area including, autonomous robots, AI enabled surveillance systems, unmanned aerial vehicles, AI enabled smartphones & tablets, and workstations, among others. Drones embedded with optical sensors can help in locating an item within a warehouse or scan the respective RFID tags from several meters. Drones have a wide range of application in larger warehouses as it can be used to analyse inventory levels and convey data directly to a warehouse management system.

FABRIC has analysed AI enabled Warehouse Management ecosystem and offer 7! cross segments. Avira’s market intelligence platform FABRIC has synchronized 235 high importance market activities using Machine Learning and Data Science Algorithms. We would love to exchange our methodology, datasets, and observations on the quick demo of FABRIC.

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