Time is money – this applies in particular to the logistics industry. If the highly complex cycle between industrial, trading and logistics companies and end consumers comes to a standstill, the consequences will be serious. Those who know in time when and where their goods will arrive are able to plan more efficiently and thus reduce costs. This is because storage capacities and manpower at the transshipment point have to be scheduled and booked as well as resources for further transport to the end customer. Timing, speed and precision are essential, especially for fast moving consumer goods. Shipments to factories and stores or planned marketing measures are often subject to a strict schedule.
Knowledge is power. If companies receive timely information on delays in the logistics chain, warehouse and transport resources can be organized more efficiently. Or more precisely customize manufacturing, store, delivery, and campaign plans. And replenish transport routes. But this requires data that is updated on a daily basis. Therefore, the Data Intelligence Hub from Deutsche Telekom bundles all information on routes, traffic situations and weather conditions along the route. Data analytics from a wide variety of data sources, such as shipping companies and ships, suppliers, weather services and shipping offices, make this possible. Information on storms, wars or piracy completes the data collection.
Achieving more together. The more stakeholders in the logistics chain share their data and information, the more accurate the forecasts become. The database for this is available via the Data Intelligence Hub. The analytics are developed by competition-neutral Telekom Data Scientists and made available to all users. This neutrality enables the members to provide competition-neutral data. All users have data sovereignty at all times and determine the useful life and intended use. Deutsche Telekom guarantees that data will be used for the intended purpose. On top of this, customers have the option of simply, transparently and securely tapping additional sources of income by monetizing their own databases.