Mark Fontecchio is a research analyst for the Internet of Things channel of 451 Research, a technology research group within S&P Global Market Intelligence. He covers horizontal IoT technology, as well as focuses on the commercial transportation vertical, supply chain technology, and shipping and logistics. Before joining S&P Global Market Intelligence, Mark was the M&A research manager at 451 Research, where he helped direct the firm's coverage of technology mergers and acquisitions, and its M&A KnowledgeBase. Prior to joining 451 Research, he spent eight years at TechTarget, where he wrote and directed coverage on datacenters, data management and enterprise applications.
Surprisingly, players in the commercial transportation space are deploying artificial intelligence more than other vendors in segments that are often considered to be more digitally forward, according to recent 451 Research enterprise survey results.
A relative newcomer to the autonomous trucking space, the company recently secured a $200 million round of venture capital that it will use to bring driverless trucks to the road as early as next year.
So-called comprehensive supply chain visibility has lost some luster in the last few years, but invested parties want to know where their shipments are throughout the journey. Vizion provides that information, which it gleans from connections with ocean liners, port terminals, large railroad companies and other sources.
Recent media coverage examined complaints by commercial vehicle drivers that they are being marked for distracted driving for singing to music while working. While this largely seems to be an outlying issue, tech vendors must be vigilant about walking the fine line of giving customers ways to monitor behavior without pushing drivers away.
The vendor has emerged as one of the top companies providing autonomous vehicle technology for long-haul trucks. It has also kept its focus on how to get to profitability, and has thus developed its offering for use cases beyond trucking, including off-road and military applications.
The shipping and logistics industry has pulled back some on its digitization plans, according to S&P Global Market Intelligence's recent survey of 500 shippers, logistics service providers and transportation carriers, conducted in collaboration with S&P Global's Journal of Commerce and TPM event. Digitizing business processes is still a main priority for logistics firms, but proving return on investment is a must. Meanwhile, evaluating machine learning and AI technologies is high on the list of priorities.
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