IAM Hosts Global Moving and Mobility Standards Summit
On Thursday, October 3, IAM convened key stakeholders from the global moving and mobility industry at the IAM Annual Meeting & Expo to drive the adoption and development of industry standards. Without industry standards, the global moving and mobility industry limits its ability to respond to changing customer expectations around the availability and security of real-time data related to their shipments. While industry technology providers are able to provide shipment visibility within their own digital ecosystems, industry fragmentation prevents them from having the capacity to “paint the whole picture” for a client or their transferees. Specifying effective standards and rules for how shipment data is organized, shared, and treated will enable technology companies to provide this transparency to partners who have also adopted these standards.
To facilitate this discussion, IAM Vice President Brian Limperopulos first discussed the ISO inventory standards developed by IAM. You can read more about these standards on the IAM and ISO websites. Essentially, these standards codify all of the data in a household goods inventory and provide a data structure through which this inventory information can be organized and shared between different software systems. Adopting these standards or having your technology company adopt these standards is the first step in moving the industry toward meeting new customer demands and helping build efficiencies in the sharing of data between business partners.
Following this presentation, IAM welcomed industry experts for a panel aimed at talking through how these standards can be developed, what frameworks are needed to promote trust when handling data, what efficiencies can be gained, what are the potential downsides, etc. This panel consisted of the following individuals:
· Patrick Duffy, CEO of Blockchain in Transport Alliance (BiTA)
· Sloane Brakeville, CEO of FR8 Network
· Ray daSilva, President of Mobility Exchange LLC
Following the discussion, a lively Q & A took place between the audience and the panel about how to drive an initiative like this forward. To sum up the panel and Q & A, it is clear that technology is not the obstacle. Rather, our industry’s digital infrastructure must catch up to the existing technology. In general, the technology companies need a trusted intermediary to specify the requisite standards to which each can map their internal standards. Essentially, a common language is needed before data exchange can take place. From there, the question comes down to whether information can be shared between software systems in a peer-to-peer model or whether a trusted intermediary must develop a mechanism or tool to facilitate the exchange of data.
The key takeaway from the Standards Summit was the general consensus surrounding the need to move forward on creating a “digital infrastructure” by specifying needed standards and identifying how companies should organize and share data between systems. Watch for more information from IAM about how we intend to lead this initiative to create a standardized future where software systems can talk together, customers can readily access real-time information on the platform of their choice, and all industry stakeholders will have greater visibility into their shipments.