Advanced Machine Learning
Advanced machine learning is one of the latest technologies providing the freight industry with a competitive edge. This technology analyzes data, and enables business decisions to be made using patterns. The computers use dashboards and pre-determined reports to conduct sophisticated analysis. This provides market insight in the freight industry that allows companies to pivot to more efficient operations.
Human intervention is not necessary to analyze data due to the algorithms of machine learning. Machine learning is used in conjunction with supply chain management to turn passive data into on targeted business intelligence. This improves incoming orders, the accuracy of forecasting, general performance, and predictability.
For example, by analyzing data on thousands of trucking runs, machine learning can recommend which routes are more productive, what conditions create problems, and it can pinpoint other inefficiencies. In maritime, machine learning can help companies choose routes, ports, and make other choices to increase their bottom line.
Courtesy : Lewis King