Counterpoint analysts Mohit Sharma and Murtuza Ali attended the HERE Directions 2024 event in Frankfurt, Germany, last month and came impressed with some of the recent developments in the map and navigation world that were showcased. The event featured industry experts who discussed some very interesting and pertinent topics related to the automotive industry, like transformative technologies in maps and navigation, the transformation AI is bringing through partnerships, the future of the digital cockpit and sustainability.
On the event’s sidelines, Counterpoint discussed EV and AI with HERE Technologies’ Director of Automotive Technologies, Andrei Iordache.
The HERE Directions 2024 event was highly engaging, featuring top experts who discussed pressing topics such as AI and how various companies in the fleet and supply chain industry are utilizing location technology to optimize their operations. They also emphasized the importance of end-to-end supply chain visibility in the post-COVID era.
Hapag-Lloyd highlighted the role of location technology and AI-driven solutions in achieving real-time visibility, accurate estimated arrival times (ETAs), and improved control over container logistics. These advancements help minimize losses and contribute to a more efficient, safe and sustainable supply chain.
In 2024, no event seems complete without a dedicated discussion on AI, and HERE Directions was no exception. A key takeaway from the event is that AI technology has been in use across various industries for some time. One notable sector is ride-hailing, where companies like Uber leverage AI to estimate arrival times, connect riders with drivers, and optimize pricing strategies. However, businesses should be cautious about jumping on the AI bandwagon; they should implement AI only if it can genuinely enhance their operations or provide real value to them.
Lastly, HERE’s longstanding partner AWS demonstrated how both companies are collaborating to leverage the best of location technology and cloud services in addressing location-centric challenges for the global supply chain and logistics industry.
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