Artificial Intelligence (AI) has ushered in a new era of transformation for several industries. While we have seen AI being used to measure accessibility and AI being used to simplify hiring, AI technologies are also becoming common in logistics. While logistics companies are fast adopting AI technologies, there is a startup that wants to fix inherent redundancies with AI.
We are talking about Lox, the first European AI-driven startup that aims to end incorrect charges being incurred by customers with their deliveries. It is estimated that 1.3m parcels are billed each day incorrectly in Europe. Lox estimates that these incorrect billing results in up to 10 per cent of total delivery costs. With its AI-driven solution, the startup wants to help companies pay the right amount to their carriers.
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