BX Platform Converting real time data into more efficient trucking operations

Project Information

BX Platform

Grant agreement ID: 836544

DOI

10.3030/836544

Project closed

EC signature date 4 December 2018

Start date 1 December 2018

End date 31 March 2019

Funded under

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

BOTTOMLINE SOFTWARE BV
Netherlands

Periodic Reporting for period 1 - BX Platform (BX Platform Converting real time data into more efficient trucking operations)

Reporting period: 2018-12-01 to 2019-03-31

Summary of the context and overall objectives of the project

Logistics scheduling is done manually which is very resource intensive and not accurate. The trucks on European roads have 54% load efficiency and run 27% empty miles, being a hard burden on the society both economically and environmentally. We propose BX Platform: an automated logistics scheduling solution based on AI algorithms reducing trucking costs at least 5% due to better loading efficiency and reduced miles and office costs at least 25% due to automation.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

1. Technical project plan follows the logic of moving from front-end (applications) to core (algorithms) to back-end (platform) ensuring system agility, scalability, upgrading, connection to real time data providers and fulfilling the functional requirements of the verticals in validation and demo. We will build a sales partner network, create awareness about BX, acquire customers, knowledge and sales partners and prepare for the international launch. The total cost of the project is €2.68 million. We also analysed the technical risks and defined mitigation strategies.
2. We carried out a market study of the telematics market and drilled down to each business vertical. We re-defined our business model, go-to-market and internationalization strategy based on the analysis. Our FtO confirmed freedom to operate in target markets. We analysed barriers and drivers for all verticals as well as carried out a commercial and financial risk analysis defining mitigation strategies.
3. Partnership agreements – we defined the extent of the need for external parties needed for the development project in algorithm development, cloud migration and security testing. We have updated the list of potential knowledge partners and sales partners. Additionally, we carried out a survey in feed, retail & food and industrial gases verticals in order to understand their functional requirements to the platform that differ from the Oil & Gas vertical.
4. We re-defined our financial plan, updated sales prices and revenue scheme and defined country specific sales goals and investment need.
5. All the above was concluded into a business plan

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

We are very close to sign a collaboration agreement with NEOT giving us access to their industry knowledge and securing our own contribution to Phase 2 budget. We are negotiating with more companies to become knowledge partners in other business verticals. Implementing our solution will save an average customer €6.25 million in six years due to more efficient trucking and office cost reduction.

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