Improving Port Profitability: Is it Elementary?

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Authorship

Kurt Wedgwood, IBM Cognitive Solutions Group, Seattle, USA

Publication

What better place to be than right in the middle of everything? The ports own an enviable seat right in the center of the distribution information supply chain. Awash in the volume, variety, and velocity of data from manufacturers, shippers, receivers, and retailers, is the ability to transition from and even leap-frog over Big Data to applying cognitive principals that will help all levels of the organization learn from patterns, association and new information. This learning will translate to improved profitability by applying cognitive across the supply chain, harnessing the deeper value of the “little things”, and maintaining an incessant focus on operations through metrics. Below is an exploration of each profit driver followed by a getting started primer…

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