BX Platform Converting real time data into more efficient trucking operations

Projektinformationen

BX Platform

ID Finanzhilfevereinbarung: 836544

DOI

10.3030/836544

Projekt abgeschlossen

EK-Unterschriftsdatum 4 Dezember 2018

Startdatum 1 Dezember 2018

Enddatum 31 März 2019

Finanziert unter

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Gesamtkosten

€ 71 429,00

EU-Beitrag

€ 50 000,00

Koordiniert durch

BOTTOMLINE SOFTWARE BV
Netherlands

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

Berichtszeitraum: 2018-12-01 bis 2019-03-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

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.

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

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

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

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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