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TIBCO Software > Case Studies > CargoSmart Delivers Solutions for Improved Decision-making and Cost
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CargoSmart Delivers Solutions for Improved Decision-making and Cost

Technology Category
  • Analytics & Modeling - Predictive Analytics
  • Application Infrastructure & Middleware - Event-Driven Application
  • Application Infrastructure & Middleware - Data Visualization
Applicable Industries
  • Transportation
Applicable Functions
  • Logistics & Transportation
  • Business Operation
Use Cases
  • Fleet Management
  • Predictive Maintenance
  • Real-Time Location System (RTLS)
Services
  • System Integration
  • Software Design & Engineering Services
  • Data Science Services
The Challenge
The shipping industry is facing increased competition, shifting alliances, and growing customer demands for better insights and faster decision-making. Carriers are struggling to keep up with backend technology advancements and are unable to leverage big data analytics effectively. This results in higher operational costs, such as terminal handling fees and bunker costs, which hinder customer satisfaction. CargoSmart aimed to provide ocean carriers with advanced analytics for better visibility and real-time decision-making to address these challenges.
About The Customer
CargoSmart Limited is a global provider of shipment management software solutions. They serve shippers, consignees, logistics service providers, non-vessel operating common carriers (NVOCCs), and ocean carriers. Connected to over 30 ocean carriers, CargoSmart leverages big data sources and a cloud-based platform to offer award-winning sailing schedules, visibility, documentation, contract management, compliance, and benchmarking solutions. Their goal is to improve planning and on-time deliveries for their clients.
The Solution
CargoSmart needed a scalable platform capable of processing high volumes of data in real-time and providing data visualization for quick decision-making. They partnered with TIBCO to build an event-driven architecture that processes data from various sources. They integrated TIBCO Spotfire for predictive analytics, which offers powerful analytic tools accessible from any device and location. This setup allows CargoSmart to deliver customized analyses and dashboards to meet customer requirements quickly. The platform also supports continuous improvement of machine-learning models based on new data sources.
Operational Impact
  • TIBCO's agile technology enables CargoSmart to co-design custom analyses and dashboards with customers, reducing time to market and meeting business objectives.
  • TIBCO's Professional Services helped CargoSmart gain expertise quickly, allowing for daily release cycles instead of bi-weekly, increasing responsiveness to customer needs.
  • The high throughput and low cost to scale enabled CargoSmart to monitor four times more vessels over the past year and a half.
Quantitative Benefit
  • Increased the number of vessels monitored by four times over the past year and a half.
  • Improved vessel schedule updates from 32% to 90% completion within an hour.
  • Reduced fuel consumption by up to 3.5% over the past two years.

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