AUGUST - 2020 19logisticstechoutlook.comdata elements such as traceability of load, date of shipment, and movement, size, is a major pain point. Logistics players need to seek out a future-ready solution for a sustainable, digital-first business model. This is why adopting a sophisticated digital insights platform is critical. With the right platform, companies can enhance their connectivity across systems and leverage data analytics for actionable insights that lead to tangible business outcomes. Digitally Reimagining the Logistics LandscapeRakesh Prasad, Vice President, Digital Services at Innover, says, ""The blueprint for an effective digital transformation starts with trustworthy data foundation. Only then can advanced data analytics and machine learning be leveraged to generate actionable insights. This is how you enhance your business decision-making and gain a competitive edge in the market."Innover combines the power of Data Engineering and Advanced Analytics to drive end-to-end visibility, improve speed and responsiveness across the value chain. Innover's proprietary processes and technology accelerators help customers react faster and more accurately to anomalies and disruptions. LEAP, a modular, scalable, and technology-agnostic proprietary platform speeds up the data-to-insights-to-business outcome journey. It's accompanied by Innover's ADROIT Framework, which benefits enterprises with a self-funded process that is guaranteed to bring in more than 5x returns within 8-12 weeks. And Innover's $TART Solution provides enterprises with an ecosystem of partners and alliances to deliver integrated business solutions and technologies such as back-office operations, cloud-hosting services, RPA, IoT, Blockchain, and more, for a rapid time-to-market.A Major 3PL Achieves Accelerated Decision-Making with Innover Powered Analytical FrameworkA $2bn Texas-based 3PL needed to maintain its leading position in the market. After a thorough analysis of the client, Innover recognized a lag in the client's demand prediction capabilities which were plagued by unreliable data. Innover developed a framework that pulled the right data from apt sources and built an analytical framework with relevant models. The core analytical model leveraged a Databricks instance on Azure to feed the machine learning model, integrated it with the client's core systems, and finally developed an Azure data catalog and visualizations. This comprehensive approach allowed the 3PL to make rapid decisions which resulted in:· Competitive pricing · Maximum utilization of space and capacity· Guaranteed support from drivers and other resourcesCharting the Digital Future for LogisticsInnover is committed to a culture of continuous innovation as it grows its service portfolio, invests in digital technologies and in building proprietary products, advances research and development, and forges stronger relationships with global partners. Innover leverages AI to create better customer experiences through conversational real-time insights rather than traditional report sharing. The firm's investments in distributed ledger technology, AR/VR, IoT, and RPA applications in logistics are rapidly bearing fruit. Innover provides end-to-end visibility to all stakeholders, streamlines logistics operations, and balances demand-supply gaps amid market fluctuations. It's the reason that Innover will remain a future-ready partner for all its customers. At Innover, we take a three-pronged, convergent approach leveraging People, Process, and Technology as enablers to solve business problems and deliver ROI-driven outcomes
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