Cargomatic’s many-bladed ‘Swiss Army Knife’ eases data collection

This article originally appeared on Cargomatic.com

data

Artificial Intelligence is the great buzzword in the supply chain industry these days, suggesting a panacea for the growing number of issues that it faces. But for AI to work, it needs data, according to Sunil Sharma, Chief Product and Technology Officer at Cargomatic.

“The fundamental requirement to build solid artificial intelligence rests on a foundation of good quality and plenty of data. Simply stated, data is the fuel that powers the modern supply chain,” Sunil recently told Timothy Dooner, host of FreightWaves’ “What the Truck” program.

“Otherwise, it’s almost like you’re driving this very sophisticated and powerful vehicle called Artificial Intelligence with inferior fuel,” Sharma said. “It simply doesn’t work, and it undermines the industry’s potential to solve meaningful problems and drive innovation.”

It’s no secret that today’s supply chain ecosystem still contains data scattered in disconnected spreadsheets, entangled in paper documents and emails, or trapped in incompatible legacy systems—all of which lead to information silos that hamper the seamless exchange of information.

Cargomatic has made it a mission to solve the issue, and Sharma compares the company’s approach to the ever-handy, multi-bladed Swiss Army knife.

According to Sharma, the “versatile” Swiss Army knife enables “portability and reusability” using a variety of techniques, and “that’s when the magic starts.”

“We need that kind of tool to really wrangle data out of the variety of systems that are used by our carriers, our shippers and the ecosystem at large,” Sharma advised.

“If your preferred method of communication is EDI or electronic data interchange, then we have a blade to move data with EDI. If your system talks API, we have a blade for APIs.”

Cargomatic technology also enables “intelligent recycling and reuse of data” and effectively reduces the reliance on manual data entry while also minimizing errors and omissions.

Now imagine extending these efforts to thousands of small trucking companies. Data needs to go back and forth from the steamship lines to the terminals, then to the trucking companies, and finally to the consignees or BCOs. Any breakdown or delays in information exchange could mean missed last free dates for timely pickup at ports or the delayed return of empty containers to terminals, resulting in fees and fines as well as a degradation of service levels—and that’s just one reason why data is so important.

Fortunately, the Federal Maritime Commission is trying to address this as well by implementing common data standards. The initiative takes into account various stakeholders including ocean carriers, BCOs, terminals, drayage truckers, rail, 3PLs and more.

In the meantime, at Cargomatic, we have taken it upon ourselves to connect and digitize the entire shipment life cycle for the benefit of our customers and carrier partners.

“We leverage the interoperability we have built in-house to seamlessly connect all key infrastructure nodes across marine terminals, railroads, storage yards and shippers’ receiving facilities with our trucking network, to enrich the dataset and give our customers the complete story from end-to-end using a “single pane of glass,” said Sharma.

These innovations are key to improving data quality and to power the sophisticated automation workflows and intelligence we all need and crave.

“Essentially what we’ve built at Cargomatic is focused on making sure we have the right fuel—that is the data to power our customer’s supply chains,” Sharma stated. “This enables our customers to get the most out of their supply chain and protects their bottom line.”

To see Sunil’s interview with Timothy Dooner, click below.

Follow us on social media for the latest updates in B2B!

Image

Latest

skilled trades career
A Skilled Trades Career Provides a Future-Proof Path
July 18, 2024

In today’s rapidly changing job market, a skilled trades career offers a viable and attractive option, especially for the younger generations exploring alternatives to traditional college education. Recent trends indicate a significant shift in interest in these hands-on professions. On Straight Outta Crumpton, host Greg Crumpton engages in a lively conversation with Nicole Bass,…

Read More
HVAC careers
How to Bridge the Gap in HVAC Careers Through Education and Inclusion: Insights from Nicole Bass
July 18, 2024

In the dynamic world of skilled trades, the HVAC industry is witnessing a significant transformation driven by leaders like Nicole Bass. With a growing emphasis on practical education and the shift in generational perspectives towards career choices, the discussion around HVAC careers is more relevant than ever. Today, we delve into the inspiring journey…

Read More
presence
Truckpedia Modernize Trucking Operations and Build Robust Presence with Innovation
July 18, 2024

The trucking industry, valued at over $940 billion annually, remains one of the most traditional and least technologically advanced sectors. Small trucking companies, which constitute 95.8% of the industry, often struggle to scale and compete due to outdated practices and limited resources. These companies need innovative solutions to modernize their operations and build a robust…

Read More
personal fulfillment
Personal Fulfillment with Margaret Weniger | Ep. 9 | Growthwell with Josh Byrd
July 18, 2024

Balancing professional success and personal well-being has become increasingly critical in the modern workforce. In the wake of the pandemic, many individuals are re-evaluating their career paths to find roles that offer both professional growth and personal fulfillment. According to a survey by The Muse, 75% of respondents are planning to look for a…

Read More