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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.

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

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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