In the last decade we’ve seen a continuous rise in both the number of cutting-edge technologies that are available for use in real-world scenarios, and the number of companies adopting them.This has propelled many organisations from having to compete solely on price, by cost-cutting and running lean, to also being able to compete on speed and tighter integrations with global supply chains.
Benefits of implementing digital transformation initiatives go beyond first-order consequences.
Some second-order consequences are higher allocation of human resources to use creativity and ingenuity to solve increasingly difficult problems, easier access and expansion to new markets, and higher organisational resilience in the face of black swan events.In our experience, one of the main issues when CEOs and CTOs push for digital transformation within their organisations is balancing business continuity with taking risks. This is a tough challenge but it is one that will never be fully solved as it is part of how markets work. We believe that it essentially boils down to taking on a degree of risk that is appropriate for their organisation.
Finding out exactly what that degree of risk should be, involves periodical evaluation and adapting quickly—either accelerating or slowing down transformation efforts. This is something that only an external IT partner can properly help with because in-house IT departments can’t ramp up and down headcount to respond to short-term tactical changes and optimisation opportunities.
Founded in 1978 in Bremen, Germany, BVL extended its involvement at the national and international level. Today it has over 12 thousand members from management in industry, trade, service, and science. It hosts around 300 events annually in regions such as Europe, North and South America, and East Asia.
We decided to become members as their mission to support better logistics in all its aspects matches our own. Its activity in the past four decades has provided its members with support and guidance in navigating an increasingly complex world. Starting with 2010, their focus has shifted towards better sustainability and using new digital technologies that create new opportunities for higher efficiency and trying out new business models.
We're excited to be part of this journey by offering our full support to clients and partners from the logistics sector. Support consisting of deep expertise in using technology to help companies reach their goals, through the services we provide and products we develop.
As we decided to double down on our commitment to support companies in the logistics sector, we found a great community of passionate logisticians, reading the latest news and insights from their field, at Logistik Heute. Thus, we decided to contribute with our perspective on how to use technology to improve businesses.
As we developed a new product that optimises the way logistics companies work with paper and digital documents, Logistik Heute became a great choice to present our work to the world. We started by publishing our company profile on their Industry Guide section, where industry leaders can showcase their expertise and get connected.
You can read more about what we did to help one of our clients by visiting Logistik Heute’s news article on this subject. For the extended article, with more details, you can head over to our blog article.
DOX Detect offers a portal that processes, analyses and evaluates digitised documents. It uses a machine learning algorithm and optical character recognition to classify documents. In the first phase, various documents are uploaded to the portal. Each file is then automatically assigned to a category such as “fuel receipt” or “CMR waybill”. A matching algorithm compares the recognised information with the data of the forwarding software, the transport management or ERP system. DOX Detect searches specifically for shipment numbers, loading and unloading addresses or order numbers. A degree of importance can be assigned to each of these data fields beforehand, and at the end of the process a score is calculated which signals the confidence of an identified match.
If you are a logistician and you're looking for ways to improve your business in ways that have a concrete benefit for your bottom line, we encourage you to explore more and let us know if you'd like to schedule a demo.— Botond Gagyi