Day: September 11, 2017

Entrepreneur Helps Foster Technology Interests in Kids – U.S. News & World Report

Technology

Entrepreneur Helps Foster Technology Interests in Kids – U.S. News & World Report

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Entrepreneur Helps Foster Technology Interests in Kids
U.S. News & World Report
Stay Work Play, in partnership with NH Public Radio announced the finalists for the 2017 Rising Stars Awards, and Suzanne Delaney, owner of Leaders of Future Technology LLC, is one of four selected finalists. Delaney started her business in late March …

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How Technology Is Bridging The Gaps In India's Fragmented Logistics Sector – Forbes

Technology

How Technology Is Bridging The Gaps In India's Fragmented Logistics Sector – Forbes

booming, and is touted to be worth $307 billion by 2020. Retail, e-commerce and manufacturing have propelled its rapid growth, but so far it has been largely unorganized, mainly thanks to outdated processes and limited technological intervention. This technological gap has created multiple opportunities for startups to provide innovative solutions to mitigate the industry’s connectivity problems, service e-commerce players better and provide a seamless customer experience.

Technology first

Shadowfax is one of India’s first logistics startups planning to run a pilot project using a drone. (Photo Credit: BORIS HORVAT/AFP/Getty Images)

Gurgaon-based hyperlocal logistics startup Shadowfax is one such startup. Co-founder Vaibhav Khandelwal believes technology can optimise business processes. By using artificial intelligence, machine learning and predictive analysis, Shadowfax addresses last mile connectivity.

Some of Shadowfax’s solutions include InstaNow for delivery by motorcyclists, InstaSlot for time-specific deliveries, InstaFlexi for same-day delivery and InstaHulk for hiring trucks. A suite of services titled Just In Time is appropriate for delivery of documents, electronics and apparel. Shadowfax clocks fulfils nearly 50,000 orders daily and is active in 15 major Indian cities. “Technology allows for automation, which reduces costs and enables visibility of every process,” says Khandelwal.

India’s logistics sector lags behind in innovation because technology has always been perceived as an added expense, not an enabler. This prompted Soham Chokshi and his team to start Shipsy, a data-driven logistics company with the aim to refine product delivery processes. Shipsy has a suite of products that incorporate APIs to book parcels, serviceability using maps, mobile apps for completing pickups, real-time alerts and route optimization. Chokshi and his team have built a machine learning system that watches data continuously and delivers predictive analysis. Even better, Shipsy’s plug-and-play system can integrate with almost any company’s transport database.

“Logistics companies are reactive, not proactive. It’s not until a customer raises a complaint about a poorly-executed delivery that companies are forced to think of solutions,” says Chokshi. Through an automated promise-management system, Shipsy enables companies to plan processes and execute with ease. With a 40% market share, Shipsy works with DTDC, DotZot, Safexpress, Holisol and TVS Logistics, managing one million transactions every day.

The truck business in India is highly unorganized and lacks standard industry practices. Only 10% of Indian truck operators own a fleet exceeding 25 trucks. Most truck drivers own single trucks and rely on third party agents to handle orders. Visibility is limited and tracking mechanisms outdated, making it challenging to match demand and supply. This issue led to the genesis of one of India’s first truck logistics startup Shippr. Co-founder Rohit Fernandes realized technology alone could revolutionize India’s trucking business.

Shippr’s technology product suite, designed by a graduate of IIT-Delhi, helps truckers maximise delivery volumes in minimum time. A planning tool assesses products for their weight, size and delivery destination. This data is aggregated and fed into a centralized system that provides drivers optimal travel routes and estimated travel time. An in-built system tracker provides continuous updates to Shippr’s server. “Every delivery is planned and optimised. Technology has helped standardize and organize our operations better,” says Fernandes. The startup now aggregates and plies a fleet of 1,180 trucks, running intracity delivery in New Delhi, Bangalore, Chennai and Hyderabad.

More on Forbes: These Startups Are Using Blockchain To Change Digital Banking In India

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India’s logistics sector is booming, and is touted to be worth $307 billion by 2020. Retail, e-commerce and manufacturing have propelled its rapid growth, but so far it has been largely unorganized, mainly thanks to outdated processes and limited technological intervention. This technological gap has created multiple opportunities for startups to provide innovative solutions to mitigate the industry’s connectivity problems, service e-commerce players better and provide a seamless customer experience.

Technology first

Shadowfax is one of India’s first logistics startups planning to run a pilot project using a drone. (Photo Credit: BORIS HORVAT/AFP/Getty Images)

Gurgaon-based hyperlocal logistics startup Shadowfax is one such startup. Co-founder Vaibhav Khandelwal believes technology can optimise business processes. By using artificial intelligence, machine learning and predictive analysis, Shadowfax addresses last mile connectivity.

Some of Shadowfax’s solutions include InstaNow for delivery by motorcyclists, InstaSlot for time-specific deliveries, InstaFlexi for same-day delivery and InstaHulk for hiring trucks. A suite of services titled Just In Time is appropriate for delivery of documents, electronics and apparel. Shadowfax clocks fulfils nearly 50,000 orders daily and is active in 15 major Indian cities. “Technology allows for automation, which reduces costs and enables visibility of every process,” says Khandelwal.

India’s logistics sector lags behind in innovation because technology has always been perceived as an added expense, not an enabler. This prompted Soham Chokshi and his team to start Shipsy, a data-driven logistics company with the aim to refine product delivery processes. Shipsy has a suite of products that incorporate APIs to book parcels, serviceability using maps, mobile apps for completing pickups, real-time alerts and route optimization. Chokshi and his team have built a machine learning system that watches data continuously and delivers predictive analysis. Even better, Shipsy’s plug-and-play system can integrate with almost any company’s transport database.

“Logistics companies are reactive, not proactive. It’s not until a customer raises a complaint about a poorly-executed delivery that companies are forced to think of solutions,” says Chokshi. Through an automated promise-management system, Shipsy enables companies to plan processes and execute with ease. With a 40% market share, Shipsy works with DTDC, DotZot, Safexpress, Holisol and TVS Logistics, managing one million transactions every day.

The truck business in India is highly unorganized and lacks standard industry practices. Only 10% of Indian truck operators own a fleet exceeding 25 trucks. Most truck drivers own single trucks and rely on third party agents to handle orders. Visibility is limited and tracking mechanisms outdated, making it challenging to match demand and supply. This issue led to the genesis of one of India’s first truck logistics startup Shippr. Co-founder Rohit Fernandes realized technology alone could revolutionize India’s trucking business.

Shippr’s technology product suite, designed by a graduate of IIT-Delhi, helps truckers maximise delivery volumes in minimum time. A planning tool assesses products for their weight, size and delivery destination. This data is aggregated and fed into a centralized system that provides drivers optimal travel routes and estimated travel time. An in-built system tracker provides continuous updates to Shippr’s server. “Every delivery is planned and optimised. Technology has helped standardize and organize our operations better,” says Fernandes. The startup now aggregates and plies a fleet of 1,180 trucks, running intracity delivery in New Delhi, Bangalore, Chennai and Hyderabad.

More on Forbes: These Startups Are Using Blockchain To Change Digital Banking In India

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For additional technology articles, visit my site: Through The Eyes of Geek

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