Intelligent CIO Middle East Issue 37 | Page 91

////////////////////////////////////////////////////////////////////////////////// INDUSTRY WATCH Overcoming long-haul logistics challenges With a lack of data one of the biggest problems in road transportation, FarEye is working to solve some of the challenges hampering long-haul and multi-modal logistics. movement. This helps shippers with better planning for arrival of goods, reliable transportation reducing inventory and benchmarking SLAs to reduce transportation costs. A Kushal Nahata, Co-founder and CEO of FarEye, said: “Shippers are losing a lot of time, money and inventory due to unpredicted freight movement. Transport infrastructure investment is projected to increase at an average annual rate of about 5% worldwide over the period of 2014 to 2025. s the Middle East moves towards the digitalisation of the transportation industry and with the need to improve on-time deliveries and reduce the cost of the movement of goods, FarEye has acquired IoT platform Dipper Tech. The technology allows on-time deliveries, document digitisation with electronic proof of deliveries and dispatch orders. It also reduces bottlenecks, theft and pilferage. Dipper’s predictive technology platform provides logistics stakeholders with end to end real-time visibility of their chain, while providing preventive management tools to aid easy decision making. “We are now heading towards digitalising the Middle East’s transportation industry and improve it to ensure on-time deliveries with reduced cost of goods movement.” Its propriety Machine Learning engine estimates real-time delay in freight The biggest problem in road transportation is lack of data because it is a fragmented industry with multiple stakeholders. Dipper provides a solution that mixes IoT devices, SIM cards, smartphones and its wide network of IoT/ERP providers. The location data (received from an IoT ecosystem) is fed into FarEye’s Machine Learning platform that then predicts estimated time of arrival in long-haul movements by learning the delays at tolls and terrains. It improves the SLAs for higher on-time deliveries, digitised payments and pilferage and loss control for best customer satisfaction. FarEye now has now expanded into product offerings: • FarEye eCommerce Logistics: End-to- end platform to run eCommerce logistics and optimise goods movement • FarEye Transportation: Predictive Visibility Platform to run logistics operations to achieve on-time delivery and efficiency With multiple stakeholders involved in the movement of freight, the supply chain has historically been like a black box for enterprises, with customers not knowing where and what condition their goods were in. As the world moves towards a just-in- time manufacturing model that demands shorter and reliable supply chains, companies are rightly demanding to know the location and state of their goods at every stage of their journey. FarEye Transportation will give businesses complete visibility of goods from the start of their journey until the final destination and help foster collaboration among the various stakeholders and logistics processes. n www.intelligentcio.com INTELLIGENTCIO 91