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PrEDICTS

Optimizing Container Load for Parcel and Pallet Transport Networks

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EC-Contrib. €

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Partnership

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 Outcomes and results

 PrEDICTS project word cloud

Explore the words cloud of the PrEDICTS project. It provides you a very rough idea of what is the project "PrEDICTS" about.

logistics    transmetrics    transporters    historical    licenses    jams    employees    revenues    machine    supply    weight    price    predicts    10    driving    featured    benefits    model    country    43    whilst    competes    9    groupage    2018    dhl    saas    business    issue    2017    underlying    levels    revenue    identifies    beta    insider    150    leads    quality    client    learning    integrates    fill    noise    optimization    trucks    cleanses    weeks    intelligence    incumbents    bulgarian    predictive    200    pallet    dimension    actually    eu    enriches    solution    dpd    full    recorded    optimizes    companies    chain    suggests    artificial    shipments    thrive    industry    depending    priced    company    efficiency    poor    takes    mission    french    10k    capacity    cargo    predictions    excess    prediction    space    report    ai    emissions    networks    subscription    margins    volume    twice    post    enrichment    linehaul    services    co2    40    data    parcel    software    leader    total    savings    big    shipping    strategies    info    congestions    20m    secured    innovator    had    300    traffic    monthly    empty    22    follow    transport    anticipatory    cleansing   

Project "PrEDICTS" data sheet

The following table provides information about the project.

Coordinator		 TRANSMETRICS AD 

Organization address
address: KNYAZ BORIS I STR. 164, FLOOR 2
city: SOFIA
postcode: 1000
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Bulgaria [BG]
 Project website http://transmetrics.eu/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-04-01   to  2018-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TRANSMETRICS AD BG (SOFIA) coordinator 50˙000.00

Map

 Project objective

EU trucks are driving around with an average of 43% empty space due to poor linehaul capacity utilization in groupage parcel and pallet networks. This leads to important CO2 emissions, congestions, traffic jams, noise levels and low margins for logistics companies. The underlying problem is a data quality issue as shipments are planned based on weight whilst they actually fill up based on volume and dimension. PrEDICTS is a cargo optimization software based on AI and machine learning. It takes a logistics company’s historical data, cleanses and enriches it and optimizes logistics based on predictions for shipping behaviour weeks. It also identifies future excess capacity and suggests strategies on how to achieve full capacity. Our beta client recorded a 10% increase in capacity utilization and 7-9% cost savings (French Post / DPD). Transmetrics is a Bulgarian company whose mission is to improve the efficiency within the cargo transport industry using big data and artificial intelligence. DHL has identified us twice as a future leader in anticipatory/predictive logistics and big data and featured in the Business Insider report on AI Supply Chain and Logistics (more info). We have 22 employees and had €150,000 in revenue in 2017. For 2018, we have already secured €30,000 in monthly revenue (€20,000 licenses and €10,000 in services). With PrEDICTS, Transmetrics targets the top 20,000 transporters (€20M in revenues) that account for 40% of the total industry. They will need advanced technology to thrive. PrEDICTS competes with two major incumbents and another innovator. But it is the only solution that integrates prediction and optimization in the process and features AI-driven data cleansing and enrichment. PrEDICTS will follow a SaaS subscription-based business model priced at €10k/country/month depending on the business with a potential of 200-300% increase in the price based on the achieved benefits for the companies.

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The information about "PREDICTS" are provided by the European Opendata Portal: CORDIS opendata.

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