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Driverless automatically guided vehicles are becoming a new trend in transportation envisioned in a smart city environment. Automatically guided vehicles depend on environmental data for executing target-oriented navigation and movements. The traffic knowledge can be used by automatically guided vehicles by measuring their intensity and delivery date in the green light. Therefore, considering sensor data's significance in this guided vehicle environment, this article presents the Internet of Things (IoT) assisted automated guided vehicle (IoT-AGV) scheme. IoT-AGV scheme discusses the implementation of an autonomous vehicle traffic control program at crossings. The traffic knowledge operator is ready to retrieve details from the sensor utilizing quick communication through a mobile network to measure optimum travel time and transmit the information collected to automated cars. In an automated guided vehicle (AGV) scheme, the automotive-into-loop model is introduced to eliminate delays. Error indicator integrates various hurdle imbalance statistics calculated from the sensor based on the road slide. A deep neural network focuses on a minimal collection of the most critical features, eliminating the fitting problem. This aids determine the error producing sensor data and alleviate them from fusion to enhance the target's accuracy. The experimental results show that the suggested system has been validated by the images from BIT vehicle datasets and enhances the accuracy ratio of 96.22% to measure optimum travel time and transmit the information collected to automated guided vehicles.