The transportation & logistics vertical has undergone many changes and has become more complex in recent times because of the various stakeholders being involved, for instance, drivers, logistics operators, and supply chain operators. This is because of globalization, liberalization, and policy requirements which the transportation & logistics vertical must follow to expand the market position by optimizing service, increasing customer satisfaction, and maintaining cost-effectiveness. To achieve this, operators require accurate information from various data systems to make rapid and sound business decisions. Transparency and reporting requirements such as requests at short notice, extraction of KPIs, and monitoring are made simple with the use of in-memory analytics. In-memory analytics help reduce the computation time which amounts to be ten times slower with the traditional analytics software. For instance, transportation operators have to keep track of updated route information and analyze historical data to create more efficient routes to reduce transportation time. In-memory analytics, with the help of 64-bit architecture, help analyze vast amounts of data in real time and reduce analysis computation time.
In-Memory Analytics Software in Transportation and Logistics
Features
- Visual: The software offers very easy to comprehend and use visual reports.
- Intelligent Data Wrapping: This helps in understanding the potential and various types of workflows, information and other information for the business.
- Location Analysis: It offers location-based analytics, which is out of the box and tremendously crucial to business performance.
ActiveViam is an IT company that provides analytical and transactional platforms to organizations working in the field of retail and finance. ActivePivot is one of those platforms or software launched by the company. This tool, ActivePivot, works on in-memory computing technology and is an in-memory analytical software. It aggregates an excessive amount of data and stores it in its in-memory database. ActiveViam enables the software to offer optimal decisions in a timely fashion to organizations.