BX Platform Converting real time data into more efficient trucking operations

Información del proyecto

BX Platform

Identificador del acuerdo de subvención: 836544

DOI

10.3030/836544

Proyecto cerrado

Fecha de la firma de la CE 4 Diciembre 2018

Fecha de inicio 1 Diciembre 2018

Fecha de finalización 31 Marzo 2019

Financiado con arreglo a

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coste total

€ 71 429,00

Aportación de la UE

€ 50 000,00

Coordinado por

BOTTOMLINE SOFTWARE BV
Netherlands

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

Período documentado: 2018-12-01 hasta 2019-03-31

Resumen del contexto y de los objetivos generales del proyecto

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.

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

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

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

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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