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Open data exchange standards for multi-modal freight operations are needed to underpin efficient data sharing across the freight sector, according to the brief titled ‘The Importance of Data Standards and Interoperability in Global Supply Chains’ by ReMo.
Among the key takeaways of the brief is that existing information systems used in the freight sector are not built on a foundation that supports interoperability, resulting in inefficiencies that prevent widespread digitalisation, drive up costs, and aggravate climate change.
Improving data quality, consistency, and access through a shared vocabulary guarantees interoperability, creating a level playing field for technology solutions that transform data into actionable information.
Open data exchange standards unlock next-generation technologies, such as artificial intelligence applications and predictive analytics, that deliver new insights and identify risks, the brief said.
The brief, which builds on ReMo’s 2022 freight report, ‘Solving the Global Supply Chain Crisis with Data Sharing,’ explored how open, vendor neutral, API-enabled data exchange standards for multimodal freight operations would lay the foundation for developing interoperable data sharing across the freight sector.
Fibre2Fashion News Desk (NB)