DATA analytics by Advantum

Advanced analytics in the shipping industry

Data is an invaluable commodity. As such, there is an ever-increasing focus on harnessing this raw material to gain valuable insights in order to make sound business decisions.

Technology can consume data and derive meaningful intelligence in the form of data-driven forecasts and recommendations. It is quite impossible to obtain viable, cost-saving results without the right data. This is accomplished using advanced analytics such as:

• Big Data (organization of and access to large amounts of data from a range of sources) and
• Data Science disciplines such as Predictive Analysis (predicting future events) and Artificial Intelligence (simulating human thought processes and decision-making)

Read more...