We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Chain.io and Nousot Partner to Deliver Predictive Logistics Analytics
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Chain.io and Nousot Partner to Deliver Predictive Logistics Analytics

December 12, 2017
No Comments

PHILADELPHIA, PA and CHICAGO, IL, December 12, 2017 - Chain.io and Nousot, two cloud technology providers that use artificial intelligence to help their customers tackle big data challenges, announce a partnership to deliver predictive analytics to the logistics industry.

By integrating their platforms, Chain.io and Nousot together serve logistics customers by enabling seamless, rapid delivery of intelligence that encompasses all internal and external systems and partners—with little human effort and no lengthy project engagement. Now these customers can quickly and accurately forecast elements of supply, demand, pricing, performance, operations, or any other aspect of their business, without prohibitive investments of capital or time.

While organizations in other industries have implemented digitization strategies in recent years, the logistics industry faces the unique challenge of inconsistent data spread across a worldwide multitude of suppliers, manufacturers, distributors, customers, and other players. Each year the shipping sector alone moves 90% of the world's trade, valued at more than $19 trillion, in nearly 21 million containers on 100,000 vessels. The companies working together in this vast global network rely on point solutions, localized data, and legacy relationships to make decisions. This leads to inefficiencies, risks, extra costs, and missed opportunities throughout the supply chain.

"Chain.io solves our customers' longstanding problem of connecting the disparate systems and technologies in their own organizations and across a labyrinth of partnerships, agreements, and regulations," says Chain.io founder and CEO Brian Glick. "Once our customers have reliable and agile integrations, they can focus on innovation and speed. With Nousot, they also gain huge opportunities to use these new data streams to differentiate themselves."

Nousot incorporates the new data streams into highly precise forecasts that customers can use to compete on factors well beyond price. The fully automated forecasts, generated in days and even hours, allow customers to better plan and prioritize routes, negotiate partnerships, determine capacity needs, allocate human resources, and anticipate customers' needs.

Nousot's ability to deliver such actionable predictive models is based on proprietary technology: GlobalPulse, a massive data ingestion engine that continuously collects more than 72,000 external data sets, including economic, industrial, environmental, social, and search data; and deep learning algorithms that build models autonomously, refresh them constantly with new data, and reveal their most influential drivers.

Automatic data updates for models are especially relevant for the logistics industry as it upgrades its transportation and navigation systems, meets new compliance standards, and leverages sensor and other IoT data.

"The supply chain is a natural fit for Nousot because we already capture the macroeconomic and other external data that impact this industry," said John Papadia, one of Nousot's founders. "Chain.io brings deep domain expertise, integrating the logistics-specific systems and readying them for automated modeling. So a combined offering helps our shared customers finally create value with the technology and data that's available to them."

Glick notes that this value is what sets apart the Chain.io-Nousot partnership in the supply chain technology space. "Customers want to keep pace with innovation, but what they really care about is solving problems and getting answers," he said. "That's what we're delivering. Not technology, but value through technology."

Papadia agrees. "The global supply chain is arguably the largest driver of the world's economy, but what is driving the supply chain?" he asks. "The players in this industry have not had a reliable way to answer that. Now they do, and they can develop business strategies with those answers in mind."

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    Symphony EYC and 1010data Announce Partnership to Deliver Next Generation Predictive Analytical Too

    Loadsure and Kleinschmidt Partner to Deliver Per-Load Cargo Insurance to Carriers and Freight Broker

    Syncron, Ashok Leyland Partner to Propel Transformation for Predictive Vehicle Maintenance Solution

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Now's the time to be a logistics professional

  • Autonomous trucking firms launch partnerships with freight transportation providers

  • Demand for piece-picking robots gains steam

  • Report: Delivery expectations intensify

  • Empty shipping containers stack up at U.S. port depots

Now Playing on DCV-TV

74ffefae b5bd 4fd7 8d16 f1dae951010c

Cubework alleviates logistics challenges w/ flexible warehouse options

DCV-TV 4: Viewer Contributed
Cubework is the industry leader in on-demand warehouse, industrial and coworking spaces, and with industrial warehouse demand at all-time highs, is the go-to solution for e-commerce and 3PL firms seeking affordable, quick and convenient logistics space. Cubework offers flexible leases ranging from month-to-month...

FEATURED WHITE PAPERS

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

  • Optimize AS/RS With Advanced Warehouse Execution Software

  • The Value of Genuine Parts and Service

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing