2019 was turbulent time for the logistics industry. There was only a 1.2% growth in merchandise trade volume growth. Stagnant global economy, trade disputes, geopolitical uncertainties, and environmental regulations,[1] created a lull. Come 2020, this scenario worsened with the pandemic outbreak. In early 2020, industry experts predicted a logistics nightmare with transportation prices and inventory levels… Continue reading Back to the Future: What’s in Store for the Logistics Market?
Topic: Data Science Consulting
Connected Vehicle Technology Fuels a New Wave of Data Monetization
The auto industry aims to create a $750 billion market by 2030 by leveraging connected vehicle data for maintenance, insurance, ads, and customer experiences, requiring infrastructure, security, and tailored business models.
How Much of Data Science Can be Automated?
Introduction: Why should we hire a data scientist when we can just use one of the many AutoML tools on the market? What if we could have our own, personalized AutoML platform instead of one already on the market? These are among the questions that businesses encounter when toying with the idea of investing in… Continue reading How Much of Data Science Can be Automated?
A Picture is Worth a Thousand Words – and Heaps More! The Past, Present and Future of OCR Technology
The global OCR market is expected to be valued at US$ 51,527.0 million by 2030, and “to expand at a CAGR of 15.2% during the forecast period from 2020 to 2030,” according to a report published by Transparency Market Research, in April 2020. Optical Character Recognition is a popular and revolutionary technique used to recognize… Continue reading A Picture is Worth a Thousand Words – and Heaps More! The Past, Present and Future of OCR Technology
The Growing Relevance of DevOps in Data Science
Ever since the inception of computers, there has been a need for developers. Eventually, the need for seamless collaboration between development and operational teams brought about the need for the Agile infrastructure that went on to be termed as ‘DevOps.’ The term DevOps, as the name suggests, combines Development & Operations. In the data science… Continue reading The Growing Relevance of DevOps in Data Science
Anticipating Future Challenges, Adapting Swiftly & Turning Pandemic Disruption into an Opportunity for Growth
In the previous installment of the article, we looked at the different ways in which the new normal could be assessed to identify the defining market factors, and also analyzed the methods that different businesses are employing to deal with the pandemic disruption. In the second article in this series, we will look at what… Continue reading Anticipating Future Challenges, Adapting Swiftly & Turning Pandemic Disruption into an Opportunity for Growth