LONDON--(BUSINESS WIRE)--Sep 14, 2018--Quantzig, a global analytics solutions provider, has announced the completion of their latest article on the benefits of big data in the transportation industry.

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Analyzing Benefits of Big Data - The Real Application of Big Data in Transportation (Graphic: Business Wire)

Big Data at its core is exactly massive amounts of data collected from hundreds of sources, with operation systems, vendor interactions, weather reports, customer interactions, social media, vehicle diagnostics, mobile devices, and online activity. Big Data is also unexploited and unorganized when it’s collected in the beginning, letting advanced data mining to draw conclusions from it that can better help organizations to make intelligent business decisions and forecast what they will need to do to stay competitive in the future. Today, a variety of concepts like next-generation data management capabilities, huge quantities of data, real-time data insights, social media analytics, and lot more are conveyed using the term ‘big data’. Irrespective of which industry they belong to, companies have started to examine and discover how to evaluate a vast collection of information in innovative and new ways to ascertain the best possible business outcomes.

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According to the analytics experts at Quantzig, “In today’s interconnected and instrumented world, every industry including the transportation segment captures an unprecedented amount of data.”

Companies across many transportation and travel segments like airlines, airports, freight logistics, hospitality, railways, and others are enjoying the benefits of big data in handling a large amount of data that they hold. In this interconnected and instrumented world at present, every industry along with the transportation segment captures an extraordinary amount of data. So, the benefits of big data and analytics help the transportation firms to precisely enhance the model capacity, demand, revenue, pricing, customer sentiments, cost and lot more.

Benefits of Big Data in Transportation

Enhanced Knowledge: Big data and IoT have the capacity of making customers or users aware of the most effective form of transport at any given time. There are many train operating organizations that have already started using big data to process obtainability of seat data in real-time and also to notify the passengers waiting on platforms about the carriages having the most number of available seats. This benefit of big data that not only improves the experience of customers but also adds up to their knowledge. to know more about the benefits of big data in the transportation industry. Improved customer service: One of the most important benefits of big data is the fact that it has improved the experience of customers by refining their knowledge. The effective analysis of repeat complaints made by a single customer several times through big data could result in a more successful response. Thus, it helps in offering innovative solutions like smartphone technology to solve a variety of issues. Efficient Operation: Big data can be used to remove errors and reduce unnecessary spending. It can be used to find the problems associated with delays and downtimes for transport upkeep. Strukton rail in the Netherlands is a very good example of how the benefits of big data can make operations effective. to know more about the benefits of big data in the transportation industry.

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Quantzig is a pure-play analytics advisory firm concentrated on leveraging analytics for prudent decision making and offering solutions to clients across several industrial sectors.

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About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 55 Fortune 500 companies. For more information on all of Quantzig’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.

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CONTACT: Quantzig

Anirban Choudhury

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KEYWORD:

INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT

SOURCE: Quantzig

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PUB: 09/14/2018 08:03 AM/DISC: 09/14/2018 08:03 AM

http://www.businesswire.com/news/home/20180914005108/en