Tag Archives: logistics

Transmetrics’ AI-powered demand forecasting and predictive optimization platform deployed by Egyptian shipping company Transmar

CAIRO, Egypt / AMSTERDAM, The Netherlands, 31-Mar-2021 — /EPR INTERNET NEWS/ — The ‘AI platform for logistics’, as Transmetrics is often referred to, is successfully streamlining operations at Transmar, a leading carrier of containerized cargo between Egypt and its key partners in the region. Transmetrics’ demand forecasting and predictive optimization platform is powered by artificial intelligence and machine learning algorithms.

With four decades of experience and a strong operational presence in Egypt, KSA, UAE and Sudan, Transmar has built a solid reputation in the market, founded on family values that drive the company’s ambition to offer the best in class service to its customers. Transmar owns and operates a large fleet of both dry and refrigerated containers, serves thousands of customers, and moves hundreds of commodities throughout the Middle East.

“We strongly believe in the power of Data. Transmetrics’ AI solution helps us leverage our 4 decades of operational experience, to make decisions both faster and smarter. As a regionally focused carrier we are more exposed to volatility. We’re excited about the capabilities Transmetrics will provide by helping see up to 12 weeks into the future, ensuring we have optimum planning and repositioning plans” said Ahmed el Ahwal, Commercial Manager at Transmar. In a recent study, the Boston Consulting Group (BCG) estimates that repositioning empty containers in the shipping industry costs €13 to 17 billion per year (US$14 – 19 billion), which adds up to 8% of a shipping line’s operating costs.

Transmetrics software provides daily rolling AI-driven forecasts for the next 10 to 12 weeks based on the cleansed historical data and relevant external factors influencing the demand. The planning and system optimization tools suggest an optimal and actionable plan for the repositioning of empty containers as well as storage for the next 12 weeks. This also takes into account all the related costs. Stevedoring, gate costs, etc. as well as other variables, and business constraints. The system is equipped to consider repair and maintenance as cost variables which is now work in progress and being co-developed with Transmar.

“We are thrilled to announce this new partnership with Transmar. It goes to show that the AI revolution in logistics is happening worldwide. I look forward to the results we will achieve together with the great team at Transmar” said Jon Fath, CEO of Transmetrics. “This requires deep knowledge of logistics processes because it is still a very hands-on business. Big Data methods, which are used in our product, support our client’s team in finding smarter ways to reposition their assets so that the Transmar local agencies have the right amount containers available when they need it.“

“Transmetrics’ solution helped our team to more accurately allocate our assets. Its monitoring tools and automated forecast result in improved turntime of our assets. Actually, it is a Double Win: our customers benefit from even better services and our team gets state-of-the-art support from AI,” El Ahwal said.

Transmetrics and Transmar also identified a number of next steps to further increase the benefits of Transmetrics solutions such as cabotage management functionality and a management dashboard. The dashboard will include cost reporting and is expected to show how the supply chain will look like for the next 3 months due to its predictive capabilities. “After implementation, Transmetrics is still giving us very professional and pleasant customer service, being open for discussions on product enhancements and being always available for questions and corrections on the data or on the logic where it is needed”, said Hossam Houta, Asset Manager at Transmar.

SOURCE: EuropaWire

DURGA KONE, COMAKEIT’S EVP & HEAD OF GLOBAL SALES: “COMAKEIT IS IDEALLY POSITIONED TO LEVERAGE THE CHALLENGES AND OPPORTUNITIES OF DIGITAL DISRUPTION”

BAARN, Netherlands, 17-Sep-2018 — /EPR Internet News/ — coMakeIT strengthened its executive management team through the addition of Durga Prakash Kone, as Executive Vice President & Head of Global Sales. Durga is a seasoned technology professional with an outstanding track record of enabling the success of various globally renowned IT businesses.

Over the past two and a half decades, Durga held senior leadership roles at Tech Mahindra, HCL Technologies, Satyam, and Intelligroup (NTT Data), and was instrumental in scaling their business across North America, EMEA, APJ, and India. His core competencies include Strategic Sales, Business Development, Channel Sales, and building product partner ecosystems. In his previous assignment, Durga played a key role in building the SAP Alliance & Ecosystems business globally for Tech Mahindra.

As EVP & Head of Global Sales, Durga will drive coMakeIT’s Global Sales & Ecosystem Strategy. Speaking on the occasion, he stated:

“coMakeIT is ideally positioned to leverage the challenges and opportunities of digital disruption. With its unique co-creation model of building software IP, and a strong portfolio of product engineering and application modernization services, coMakeIT is on the cusp of exponential growth, and I am excited to be a part of its next phase of evolution.”

With its exclusive focus on serving the continuously evolving needs of software-driven businesses, coMakeIT is relied upon as a strategic partner by numerous innovative software companies from Netherlands, UK, and Australia, in diverse domains including BFSI, Logistics, Fleet Management, ERP, and Education etc. coMakeIT is investing to build and further enhance its capabilities in application modernization, which has enormous potential across varied domains and geographies including ANZ, and North America. coMakeIT also offers advanced capabilities in emerging technologies, which help its customers accelerate their product innovation and reduce the risk of technology adoption.

SOURCE: EuropaWire

Web & Mobile Accelerator program seeks startups in sharing economy, new financial services, productivity tools, edtech, and software development tools

rockstart_europawire_epr_internet_news

Amsterdam, NL, 05-Dec-2016 — /EPR INTERNET NEWS/ — Rockstart, the world’s greatest startup machine, announces applications are open for the 6th Web & Mobile Accelerator program. The program begins on March 1, 2017 and lasts for 150 days. Rockstart supports entrepreneurs with a strong purpose by connecting them with the brightest minds in the industry, including experienced mentors, successful founders, and investors.

Program Director Rutger van Waveren remarks, “When considering founders for the Accelerator, we look for a great team with a well built product that focuses on a problem worth solving. In particular, this year we’re looking for startups who are working to solve big problems under the banner of technology that lets us live meaningful lives: sharing economy, new financial services, productivity tools, making education better, and tools that make software development more efficient and accessible. We’re also interested in ideas to enable the company of the future such as tools that make companies more effective and efficient, creating better logistics systems, 3D printing and computer security. Teams should be able to make use of the latest technologies such as AI, blockchain technology and sensors.”

WEB & MOBILE ALUMNI
Rockstart Web & Mobile startups like 3D Hubs, Peerby, Wercker, Deskbookers and many more have created successful businesses across a variety of B2C and B2B categories. 2016 graduates include Otly!, a bank for kids and their parents and winner of the UberPitch award, which led to funding by Uber. TIQ, a time-tracking solution for the enterprise, won the Exact Software Emerging App of the Year award and was mentioned by the Financieele Dagblad and Lawyer magazine as one of the best startups in the area of legal tech. Surance helps people get more out of their savings by making professional asset management easy and accessible for everybody. Two leading financial institutions have chosen Surance as their exclusive provider for robo-advice technology. To learn more about all the alumni of the Web & Mobile program, please check our website.

HOW TO APPLY
Rockstart’s 2017 Web & Mobile Accelerator will be accepting applications until January 15, 2017 and the program begins March 1, 2017 in the center of Amsterdam. For more information, please take a look at our stats.

Apply now!

SOURCE: EuropaWire