The Internet of Things has penetrated the logistics industry more than many people realize. The transport trucks on the road today are more connected than even our homes and have been for over a decade. The industry has created its own term for this, IOTT (the Internet of Trucking Things), and fleets are working hard to further advance this innovative approach. IOTT has given fleets the ability to streamline their processes through integration with their TMS, keeping the roads safer and drivers happier with tools that allow them to focus on driving while costs are reduced.
According to the Wall Street Journal it is estimated that by 2020 50 billion devices will be Internet-ready, which is expected to generate $1.9 trillion in economic value in the supply chain and logistics sector over the next 10 years.