Big Data and Transportation Turning Transportation Big Data into Business Intelligence
When it comes to your transportation network, your data needs to work for you. Capturing and analyzing data that tracks your freight, mileage, location, on-time performance, fuel efficiency, and other key metrics, ensures an optimized network at the lowest total cost. Moreover, companies that are able to effectively corral their big data, can turn it into business intelligence that leads to continuous improvement throughout their transportation network and supply chain.
With business needs constantly changing, companies must be able to intelligently forecast the impact of these changes when it comes to their transportation network in order to have the right vehicles, drivers, and facilities available. Because of this, and the increasing rate that data generates as well as technology advances, companies are turning to outsourcing partners to help analyze and design solutions for their networks.
An outsourcing partner such as Ryder, is able to implement business intelligence applications, infrastructure, tools, and best practices that help companies optimize their decisions and performance. Ryder, uses a four step approach – descriptive, diagnostic, predictive, and prescriptive – that transforms big data into intelligence for a company’s specific location level. The result of this intelligence becomes the backbone for continuous improvement of a transportation network through asset utilization, lane usage, driver staffing, and routing.
What’s more? Data sensors in vehicles provide real-time information about performance. Accurate data about travel speeds, time spent in transit, and idle time, as well as monitoring the health of equipment helps prevent breakdowns before they happen saving both time and money for the company.
Through the data and business intelligence, companies benefit from real-time visibility into their freight movement and supply chain. And, with greater transparency than ever before, companies are able to better meet the demands of consumers, while lowering operating costs.
To learn more, watch our video Driving Continuous Improvement:
Driving Continuous Improvement from Ryder System, Inc. on Vimeo.
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