Predictive Analytics: The Hand Of God In Logistics.

by Vaishak C.P| Wednesday, Feb 13, 2019|11:07 a.m.

Predictive Analytics: The Hand Of God In Logistics.

Noah and the ark is a famous story from the bible. Seeing where the world was heading, God decided to cleanse the world by water, but having mercy on Noah he instructs him to build an ark and save himself along with his family and a pair of every animal and bird that existed on earth. That first-hand information apparently helped Noah take necessary measures and save himself, that it is believed to have helped life sustain on this planet until now. Information is key in helping to avoid accidents and misfortunate turnouts everywhere. It also helps in planning and to take necessary action when required.Noah and the ark is a famous story from the bible. Seeing where the world was heading, God decided to cleanse the world by water, but having mercy on Noah he instructs him to build an ark and save himself along with his family and a pair of every animal and bird that existed on earth. That first-hand information apparently helped Noah take necessary measures and save himself, that it is believed to have helped life sustain on this planet until now. Information is key in helping to avoid accidents and misfortunate turnouts everywhere. It also helps in planning and to take necessary action when required.

Credits:freepik

Predictive Analytics is a significant breakthrough in the field of data analytics and interpretation. The right use of it is helping various industries today. From retail to banking the opportunities are boundless. The advantages of predictive analytics can be brought to logistics industry and it can be utilised effectively to avoid accidents, access performance and improve operations.

 

Predictive analytics using data collected through various Iot based hardware’s can help logistics industry to avoid accidental collisions between forklifts as well as forklifts and humans in the ware house. By analysing data such as position, speed, location characteristics etc. the probability for a collision can be analysed and accidents can be avoided by taking possible measures. There are mainly 3 type collisions that can happen within a warehouse.

  1. Collision between 2 forklifts or collision between a forklift and another moving object.
  2. Collision between forklift and a misplaced object.
  3. Collision between forklift and the side racks.

According to a report from 2017, Forklift based accidents accounts to about 85 deaths a year in the U.S. The same accounts for about 34,900 serious injury and 61,800 non serious injury in the country. Monetary losses are again another part of this trade. All this can be solved by taking necessary actions based on credible statistics and valuable information.

Credits:freepik

Our solutions at beCo help warehouse management collect information in real time and store these data for further analysis. By using a sophisticated map engine as the crux of our solution data on location and other individual parameters can be collected in real time to predict chances of collision. By analysing and interpreting these data rightfully possible measures can be taken to improve operations and also avoid accidents.

Our technology can also help the logistics industry in tracking consignments and help the dock them rightfully within yards and warehouses. Using our technology assets can be tracked that it can help in reducing reaction time and improving operational efficiency. Like Gods mercy over Noah, with the right iot hardware and data analytics techniques, more accurate predictions can be made that accidents can be avoided and efficiency can be brought to operations.

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