Operational Efficiency

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In general, the logistics and transportation industries are largely driven by economics: fuel cost, security measures, time to delivery, supply chain reliability, domestic distribution networks, offshoring, and so on. By linking historical activity data with consumer profiles, economic indicators, and geolocalized market data, logistics and transportation providers are able to predict demand with increasing accuracy. This allows for anticipation of daily volumes, optimization of delivery routes, and the allocation of resources accordingly.

Benefits for the company

Optimized allocation of resources and time.

Feasability

High

Type of expertise/ AI domain

Prediction Analytics

Internal data required

Consumer Profiles, Economic Indicators, Historical activity data

External data possible

Geolocalized market data

Research Paper

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