Transportation

Thrive in the emerging world of advanced analytics for Transportation

Innovation in transportation is one step away if we are able to turn the torrent of networked data from sensors and applications into actionable insights. This coupled with high customer expectations and network complexity require smart insight-driven strategies.

It's all about reliablity, responsiveness and the ability to innovate on fast data to uncover insights that will transform the way you do business.

Improve and streamline business operations
 
Forecast routes and predict delays
 
Enhance revenues with optimal pricing policies
 
Improve and streamline business operations
Now you can ingest and analyze streaming data from billions of sensors in real-time for real-time monitoring and diagnostics to reduce operation costs and improve safety for airlines, rail, shipping, and more.
Sharing the information with your business stakeholders will improve visability and collaboration, reducing time-to-maintenance or failure scenarios through millisecond scale just-in-time visibility.
For example, you can obtain real-time information about how policy holders are driving their cars, such as their speed, sharp braking, where they drive, and at what time etc. Using this information, safer drivers are rewarded with lower lowering premiums.
Forecast routes and predict delays
If you can predict delays, optimize transportation routes and scheduling and improve the supply chain, then you've managed to leverage the data that you have in your transportation network.
Think about dozens of airplanes circling the airport to take off or land.
Think about the train routes and their dependence on infrastructure. The ability to analyze data in seconds or in sub-seconds is more than just revenue, it’s true business value relates to human life. Every second counts, every wrong turn or technical issue has a domino effect.
Real-time simulations provide business analysts the actionable insight they need to better handle delays. Variables such as fuel costs can impact decisions, such as whether to delay a flight or add a another train to the schedule, while industry regulations (such as restriction on how many hours a pilot can work) can impact how crews are re-scheduled.
Enhance revenues with optimal pricing policies
Whether you're a taxi service, an airline or railway, the fundamental supply and demand economic model of price determination is important to your business. If you analyze the information in real-time and leverage advanced analytics on additional external parameters such as competitor pricing, operational status, weather and other influential activities, your organization can drive better business results.
In taxi services, the order requests and available drivers represent the supply and demand data correspondingly. The geographical location of the customer and the car, introduce additional complexity. In airlines and railways it is even more complicated due to the large number of variables and data points.
A unified data science and real-time application platform can help you unlock immediate insights as data is created, empowering time-to-analytics and to impact at sub-second scale, to help your transportation business become more competitive.

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Transportation