FourKites Receives Patent for AI-Powered ETA Using Smart Forecasted Arrival Engine

FourKites®, the world's driving real-time supply chain visibility stage, today reported it has been granted U.S. Patent No. 11,017,347 by the US Patent Office for its Smart Forecasted Arrival (SFA) capacities, which give organizations exceptionally incessant and precise ETAs for cargo on the way — in any event, when that truck does not have any innovation to transmit location data. SFA is presently accessible to FourKites clients worldwide, expanding the advantages of real-time visibility to cargo that would somehow or another be undetectable to current supply chain management solutions.

Indeed, even as organizations overall speed up their investments in real-time transportation visibility platforms (RTTVPs)1 to all the more likely track and deal with their cargo on the way, they have been thwarted by the part of burdens that beforehand couldn't be followed, normally because of the absence of electronic logging devices (ELD) installed, mistakes in asset assignments or carrier compliance issues. SFA takes care of this longstanding issue by applying bleeding edge fake neural systems administration (ANN) and AI (ML) technologies to the business' biggest supply chain data organization. SFA can appraise the location of cargo on the way dependent on different signs and data in the organization, at last giving ETAs on 97% of unmanaged loads with 85% precision. The framework effectively predicts late loads over 90% of the time. This further fortifies FourKites Tracking Quality Guarantee, which sets up the best expectations in supply chain data quality across all modes.

SFA eliminates vulnerable sides and makes up for low quality or even a total absence of tracking data. Its advancement abilities are supported by the unmatched broadness and complexity of FourKites' foundation, which tracks 70 billion miles across 275,000 unmistakable stops, and produces 1 billion ETAs every year. FourKites' proceeded with history of industry-first developments assist organizations with diminishing fines and lower stock, boost usefulness, drive operational efficiencies and improve client support.

“Smart Forecasted Arrival is a much-needed breakthrough for the real-time transportation visibility software category, and a perfect illustration of the unique power of the FourKites global network,” said FourKites CEO and Founder Mathew Elenjickal. “Thanks to our first-mover advantage, we have the densest shipper ecosystem in the entire world, creating the most robust and highest-quality visibility data set. Paired with our unmatched investment in our world-class data science team, we are years ahead of our competitors in offering these kinds of leapfrog capabilities to the market. Starting today, FourKites customers can get frequent and highly accurate ETAs on every single load.”

About FourKites
FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 500 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains.