On this episode of Trends & Insights: The Future of Commercial Real Estate, D'Andrea joins JLL executives Kris Bjorson and Sam Brashler to explore the challenges of traditional inventory methods, benefits of drone-based automation, and the future of warehouse technology.
Experts say it can enhance inventory prediction models significantly, but doesn’t replace the art of human judgement.
Keeping track of every item in sprawling warehouses has long been a tedious, error-prone task that few employees relished.
"It's a job people hate to do, and it's not done often enough," says Raffaello D'Andrea, the founder of inventory drone company Verity. "Before our system, warehouses might only do inventory once a quarter, leading to error rates of four to five percent."
This level of error - which is basically discrepancies between recorded and actual physical inventory – can cause overstocking and lost sales.
Enter the robots.
D'Andrea is well known in the industry for his innovative solutions in warehouse automation. He was the co-founder of robotic fulfillment company Kiva Systems, which Amazon acquired in 2012. Now, with Verity, he's turned to AI-driven drones to help transform inventory management again to help minimize workforce and maximize productivity inside the warehouse.
On this episode of Trends & Insights: The Future of Commercial Real Estate, D'Andrea joins JLL executives Kris Bjorson and Sam Brashler to explore the challenges of traditional inventory methods, benefits of drone-based automation, and the future of warehouse technology.