How analysing and interpreting data achieves substantial
economic gains
Introduction
We live in a world where an extraordinary amount of data
is generated every day. Much of this data is simply collected,
stored and sits unused. However, corporations that analyse and
interpret their data can achieve substantial economic
gains.
In this article, KordaMentha Forensic's data analytics
specialists discuss how data analytics allowed a transport
organisation to find its lost pallets and, in the process, save
large sums of money.
Losing pallets
Pallets are one of the necessary evils in the transport
industry. In theory, the rental of pallets should have minimal or
no impact on a transport operator's bottom line - pallets are
transferred onto the operator's account for the duration of the
haul and then transferred off on delivery. Yet lost pallets seem to
be a growing cost to transport operators in both rental and
replacement cost.
