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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.

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

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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