Highlights of the Case Study:
|Client||A major energy company based in Saudi Arabia collaborated with Quantzig to transport crude oil in India.|
|Business Challenge||The client wanted to estimate transport models, analyze the efficiency of the current transportation system, and predict future network scenarios by leveraging big data analytics.|
|Impact||Quantzig’s big data analytics and transportation analytics solution helped to determine alternative routes and cargo mix to serve the maximum number of clients across the route and select the ideal sequence of stops.|
Game-Changing Solutions for the Energy Sector
Transport optimization helps implement overall efficiency, lower fuel costs, and streamline processes. Route optimization is an essential contributor to the success of any energy organization. Recent studies on the oil industry suggest that route optimization plays a significant role in the oil and gas industry. Transporting massive amounts of oil products from refineries to depots is no mean task and can take a substantial toll on financials if not rationalized properly.
However, energy companies may effectively manage their fleets by addressing vehicle routing and route optimization issues through big data analytics tools and transportation analytics. Quantzig’s big data analytics and transportation analytics solutions enable businesses to link transport data with information from other databases utilizing real-time monitoring while applying robust machine learning algorithms to extract the most insights from data. Quantzig’s extensive data analytics findings illustrate a list of transport indicators that might be evaluated using the mobile phone data provided by travel suppliers.
The Challenges of the Energy Client
A major energy company based in Saudi Arabia collaborated with Quantzig on the transportation of crude oil to India. The client wanted to develop feasible transport routes and reduce service delivery costs. The client approached Quantzig for big data analytics solutions to analyze and optimize transport routes, reduce costs, and develop a network optimization solution to ensure optimized route planning. The client wanted to estimate transport models, analyze the efficiency of the current transportation system, and predict future network scenarios by leveraging big data analytics. Our client was struggling with the following issues with its transport routes:
- Determining an optimal route
- Transportation bottlenecks
- Inability to eliminate unnecessary delays
- Dependency on manual intervention
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Big Data Route Optimization Solutions for the Oil & Gas Industry
The route optimization solutions offered by the experts at Quantzig helped the client resolve distribution and delivery challenges. The solutions enabled the client to reduce route planning time, enhance customer communication regarding orders, increase the accuracy of estimated order arrival time and meet the demands of customers. Additionally, the solutions helped the client enhance its offerings and monitor the profitability of a particular route daily.
The solutions also enabled quick navigation, monitoring of vehicle conditions, and real-time tracking. Our analytics system was designed to analyze and enable the following attributes:
- Real-time scheduling
- Route monitoring
- Transit time through weekdays and weekends
- Delivery standards for time-critical delivery
Impact Analysis of Quantzig’s Route Optimization Solutions
The client’s operating costs decreased significantly with the implementation of Quantzig’s big data analytics and transportation analytics solution. The oil and gas client used our model to determine alternative routes and cargo mix to serve the maximum number of clients along the route and select the ideal sequence of stops. This resulted in significant cost reductions for the client, bringing costs in line with market averages while reducing the distance traveled and transit time. Our solutions had the following impact on the client’s business:
- Optimum route planning
- Reduced operating costs
- Improved customer experience
- Improved safety
- Reduced mileage covered
- Integrated all IT systems to boost productivity
Key Outcomes of Route Optimization Solutions:
The oil and gas industry can benefit significantly from advanced analytics solutions as they enable optimum utilization of resources. A significant cost component for the energy sector is transportation. It is essential to optimize the transport routes of crude oil from wellhead to refinery using tankers, barges, trucks, pipelines, and railroads. The analytics platform acquired significant data from stationary and moving sensors, which were processed and analyzed to provide reliable and precise insights. Additionally, data for much smaller locations were examined, providing more in-depth insights into a particular area. This analysis helped the client to rationalize transportation distance and costs while gaining better visibility into its transport logistics.
A Broad Perspective on the role of Route Optimization and Operations Analytics Solutions in the Manufacturing Sector:
Route optimization is one of the most crucial aspects of transportation planning since it assures that deliveries are always made on time and with the least amount of money and fuel spent. However, many variables affect route planning; hence, the accuracy of information is a must.
The route optimization game is changing due to AI, machine learning, and cloud data. To make sure that vehicles choose the most effective route at the moment, AI is constantly gathering data, adapting from it, and evaluating fresh ideas. AI route planning algorithms consider impediments such as weather conditions when rerouting and estimate traffic situations to propose the most efficient and cost-effective route.
Quantzig’s Big Data Analytical Solutions yield the following benefits in the energy sector:
- Plan an optimum route
- Reduce transportation costs
- Provide real-time tracking of assets
- Reduce mileage covered
- Enhance customer experience
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