From improving healthcare to suggesting what movies to watch, big data is being used to improve our lives on a daily basis. Accordingly, businesses across the globe — and across industries — have spent extensive amounts of their marketing budgets on using this data to gain expert insight into both their businesses and their customers.
Since its first implementation with bitcoin back in 2008, blockchain has shown extreme promise to upend a number of industries – and most recently, the industry in the spotlight has been transport and logistics. In December, logistics leader UPS joined the Blockchain in Transport Alliance. In January, Maersk and IBM announced their intention to form a blockchain joint venture. And in February, Warren Buffet’s BNSF Railway joined the Blockchain in Transport Alliance as the first of seven major railroads to do so.
To understand more about this industry transition, Transmetrics’ Co-Founder and CCO Anna Shaposhnikova spoke with Martijn Siebrand, expert and advisor in blockchain technology in Supply Chains.
Is data quality an obstacle for predictive analytics optimization?
First of all, If you try to put any data that you have into the predictive algorithm, it is going to predict some results, but they’re not going to be what you need. Instead, the algorithm is going to deliver you a set of very low-quality predictions. In other words, it follows the principle “garbage in, garbage out”, in which the decision-making might be flawed due to incomplete, or imprecise data. Improving the quality of the historical logistics data is extremely difficult but it is a must before you even start thinking about predictive optimization.
Welcome to the February 2018 issue of “Across Logistics” news release, where we are presenting you the latest innovative technologies and important news in logistics that happened in February.
Here is the list of topics in this issue:
- Amazon announces an end-to-end shipping solution
- Embark self-driving truck completes 3,860 km trip across the US
- China is building the biggest autonomous ships test ground
- Blockchain-based Bill of Lading platform receives $7 mil. in funding during the ICO
- UPS sues EU for $2.1 billion after the veto of TNT bid
Every month we select one company which represents a positive example of innovation in logistics and has the potential to alter the way the industry operates. This month, Transmetrics selected Einride, the producer of fully autonomous transport vehicles, as the February “Company of the Month” for its exceptional vision for the future of the road transportation as well as the development of innovative automation technologies. In order to learn more about the company and what they do, we asked them several questions about their business that you can read in the interview below.
Attending the best logistics and supply chain conferences can help your company learn about the industry’s best practices and stay ahead of the game. Even though each conference has its own strengths, unfortunately, it is almost impossible to attend all of the good conferences due to the limited time and budget. Moreover, it’s not always easy to decide which event is worth attending. We made for you a list of 10 best logistics and supply chain conferences happening in Europe in 2018. We tried to add the conferences that have high-quality attendees and are designed to make a real impact on your business, so that you can choose those that best fit your needs and your schedule:
Welcome to the first issue of “Across Logistics” news release in 2018, where we are presenting you the latest innovative technologies in logistics that happened in January.
Here is the list of topics in this issue:
Every month we select one company which represents a positive example of innovation in logistics and has the potential to alter the way the industry operates. This month, Transmetrics selected what3words, the leading provider of the addressing systems, as the January “Company of the Month” for its outstanding achievements in revolutionizing the approach to the address identification. In order to learn more about the story behind the company, we asked them several questions about their business that you can read in the interview below.
Nowadays, we often come across the news about small and large tech companies entering the logistics market with an idea to improve some parts of it through the latest technology, which pushes the current logistics players to keep innovating in order to stay competitive. Although many companies claim that they will disrupt the industry, which is estimated to reach US$12,256 billion in Global Market Worth by 2022, only a few of them actually have the power to do so. During the last year, Transmetrics Blog mentioned several innovations from Uber and Amazon and discussed what kind of value both of the tech giants could possibly bring to logistics.
AI is currently one of the most overhyped topics. There is this misguided belief that one day, computers are going to be smarter than people. That they are going to take many jobs from us and that they are going to start a war against people. In actuality, computers cannot be people because they lack creativity, imagination, and they cannot think abstractly. Artificial intelligence is a set of algorithms which can provide very complex outputs and decisions based on incoming data. Therefore when you have an individual stream of data such as anything from transport shipments to video and audio data coming from a self-driving car, AI is the software that can make decisions that are much more complicated compared to the decisions the traditional software makes.