At this point in 2021, it is no secret that Artificial Intelligence (AI) has deeply seeded itself into our society. From finishing our sentences through automated suggestions to drone-delivered packages from Amazon, all the way to automated groceries—AI has demonstrated its extreme innovative potential for helping to maximize efficiency in many different areas of our lives. Continue reading “Top 5 Benefits of Integrating AI in Logistics”
The state of logistics network operations has advanced dramatically over the past decade, mostly as a result of the implementation of Artificial Intelligence into capacity management. AI and advanced analytics are used across industries, and their technologies have an essential role in improving inefficient traditional processes.
For example, in shipping, data is oftentimes recorded over paper, telephone, and email. These procedures are not only outdated and antiquated, but they are inconsistent – making it impossible to build a usable baseline for operations and thereby management of those operations. Continue reading “Improving Logistics Network Capacity Management with AI & Demand Forecasting”
The 1970s played a pivotal role in the history of trade, shipping, and manufacturing. In this decade, Toyota Motor Corporation revolutionized the manufacturing world with the wide adoption of its Just-in-Time (JIT) production planning process.
Now, with the capabilities of highly accurate Demand Forecasting and modern technologies such as Machine Learning, the Container Shipping sector can also adopt the JIT framework and minimize storage, repositioning, stevedoring, handling and maintenance costs.
In the following article, you can learn more about the core aspects of the Just-in-Time planning process and how exactly Container Shipping Companies can improve their logistics operations and P&L by implementing JIT in their business.
Predictive optimization company seeks beta users after receiving €1.67 million in grant funding.
Brussels/Sofia, 14 May 2020 – Transmetrics, a leading software provider of predictive optimization solutions for the logistics industry, currently seeks beta users and partners for its EU’s Horizon 2020 funded project. The company’s announcement comes after receiving a €1.67 million grant from the European Commission in the European Innovation Council Accelerator (EIC) programme. This grant funds the development of Transmetrics’ AI-driven logistics optimization software, which supports planning processes and improves the utilization of resources.
In April, Transmetrics has launched the Business Impact Explorer, which lets executives check the impact of COVID-19 outbreak on their business. The tool uses probability analysis to determine the impact of “out-of-the-ordinary” events on business metrics and is built with the same technology that Google uses to assess the effectiveness of ads.
It is one of the initiatives which is developed as a part of the Transmetrics project that has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 945610.