ThroughPut.AI Demonstrates the ROI of a Digital Supply Chain to Captivate the Audience at the Air Cargo Conference
ThroughPut Inc., the Artificial Intelligence (AI) Supply Chain pioneer that enables operations to increase output, quality, throughput, profitability, and safety through automated bottleneck detection and elimination, participated at the Frankfurt Air Cargo Conference at the House of Mobility and Logistics (HOLM). Presenting to over 220 high-ranking managers and ground handling agents of the air freight industry, Anzar Kamdar, Head of Industrial Data Science at ThroughPut.AI explained that “95% of unresolved production issues are triggered by bottlenecks. Yet despite the advent of data-driven IoT and AI-powered solutions, too many organizations still follow obsolete, manual, and reactive approaches to resolutions, costing them precious time, resources and money.” He further went on to present the business case of ThroughPut.AI’s ground-breaking Artificial Intelligence (AI) product, ELI, that can detect, identify, prioritize and prevent potential bottlenecks, saving millions in unscheduled downtime, unpredictable lead-times, unforseen inventory variances, staffing shortages, higher costs and lost revenues.
The Air Cargo Conference, organized by HAUS61 and hosted by the Air Cargo Community Frankfurt eV, the Frankfurt University of Applied Sciences, the Rhine-Main University of Applied Sciences, Fraunhofer IML, and Hessen Aviation brings together practitioners and researchers in the air cargo industry to discuss and deliberate on the latest developments being experienced by the sector. In response to the growing digitization trend, the agenda for this fourth Air Cargo Conference was to discuss the impact and future of digitization in the air cargo industry and how to stay ahead of the shifting landscape by leveraging strategic implementations of innovative technologies.
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Attendees for whom the Air Cargo Conference has become an integral part of their professional calendars actively engaged in discussions around Artificial Intelligence and the opportunities it offers the air freight industry for levering their existing data to enable operational improvements and become more competitive. The Air Cargo industry’s impact on the environment was also brought up on priority with a collective pledge being taken to better leverage technology to spearhead the ‘Climate-comes-first’ movement with more efficient operations and smaller footprints. The pledge also resonates with ThroughPut.AI’s mission of eliminating $10 Trillion dollars of global industrial waste annually by fostering sustainable operations that are more efficient while also saving money for more productive uses. The Air Cargo Conference was an opportunity for ThroughPut.AI to demonstrate the value of ELI and urge the industry to experience firsthand the additional ROI that can be achieved by eliminating pesky operational bottlenecks to free-up working capital.
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The conference witnessed scholars from the Frankfurt University of Applied Sciences presenting academic findings with regards to the change that is being triggered in the air cargo industry by e-commerce sectors, with several leading start-ups, including ThroughPut.AI, introducing the attendees to solutions that can efficiently improve contemporary air cargo processes. A general concensus around the massive impact that small, innovative companies can have on the industry prevailed with several industry experts agreeing that it is this entrepreneurial spirit that will enable the industry to make its next big leap. Speaking about the conference, Anzar Kamdar, Head of Industrial Data Science at ThroughPut.AI said, “ThroughPut.AI is thankful to HAUS61 and the Frankfurt Air Cargo Community for having given us the opportunity to present to such a prestigious congregation of air freight professionals. In April 2019, less than a dozen fledgling companies from the logistics industry came together to develop new solutions and concepts in logistics under one roof: HAUS61. The goal was to bring larger logistics companies and startups together to promote the development of new ideas on a transforming landscape. It is an honor for Silicon Valley-based ThroughPut.AI to be actively innovating with such a prestigious group of logistics leaders in our German and European operations.””
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