Using computer vision and artificial intelligence to monitor cargo inside large commercial trailers for trucking
The road freight logistics industry, which has an estimated global market size of €1,810B and an expected growth rate of 6.5% per year, is a mature industry where differentiation is hard to achieve. Hence, companies are turning towards advanced technical solutions to get an edge over their competitors. Accordingly, numerous startups, which aim at finding appropriate solutions, have sprung up in recent years. Gestoos offers an AI platform that enables cameras and sensors to see, understand, and respond to movement and behavior in any environment. In this context, ZF was introduced to Gestoos back in November 2019. As a leading vehicle parts maker, ZF provides innovative logistics solutions to respond to customer requests. Therefore, ZF’s initial interest was using computer vision and AI to understand the height profile of the cargo at any given point in time within large commercial trucking trailers (around 14 meters in length). The height profile was needed for the entire trailer area, front to back and side to side. This information, along with additional sensor information, would then be used for the operational and logistical optimization of cargo trailers.
Consolidation will accelerate the future of automotive.
The future of automotive AI is driven by a multitude of players with different expertise. Tier 1’s have traditionally been the leading integrators, but in an era where data has so much value, their position is challenged. Automotive will see more disruption coming from startups that are hungry to change the status quo in the upcoming months. Mergers and acquisitions are also becoming more popular and strategic investments into Tier 2 companies that involve computer vision.
Touch-less technology: Now is the time!
Time to shift towards hygiene friendly technologies The current pandemic caused by the SARS-CoV-2 virus is forcing us to rethink how we should be interacting with devices that we regularly use in public spaces. Multiple studies demonstrate that the virus can remain active on hard surfaces for many hours. The longevity of this virus is […]
The Autonomous Car Race: Why Europe Needs to Speed up
We are on the brink of the fourth technological revolution of the modern era; The car will be the central protagonist of this revolution, as it combines a physical space, a moving environment that transports users, and a center for interaction.
NTT DATA Selects Gestoos as Open Innovation Contest Champion
TOKYO — (BUSINESS WIRE) — NTT DATA, a global IT services provider, announced today that it has selected Barcelona-based startup Gestoos as the Champion of the Open Innovation Contest 7.0 based on its AI solution that enables content and services to be operated simply with hand gestures. The winning proposal was chosen during the contest’s Grand Finale at NTT DATA headquarters in Toyosu, Tokyo on March 22. NTT DATA will collaborate with Gestoos to develop a concrete business plan based on the winning proposal. The global competition, which is organized annually by NTT DATA, invites high-tech companies worldwide to submit…
The Importance of Artificial Intelligence in Retail
Artificial intelligence is already widely available. Retailers worldwide are already putting the technology to great use to improve their businesses. A quick look at the retail industry shows how the capabilities of machine learning are helping retailers to understand their customers better, connect with them and create superior superior customer experiences. AI relies on a continual technological learning process that enables machines to continually adopt new, improved models based on data acquired and analyzed over time about specific subjects. …