Logistics service optimizer LogiNext, which leverages its big data analytics and logistics management, is tying up with top American universities, where the PhD students will study their data, analyse the emerging markets and generate appropriate algorithms to solve the upcoming challenges.
Until now, LogiNext has sourced the research partnership with Carnegie Mellon University and the University of Illinois Urbana-Champaign. Georgia Tech and Stanford are expected to soon follow suit.
Lavanya Maria, a professor from CMU said, Our research group gets in-depth exposure to real data that helps us identify novel challenges and technology gaps in emerging markets. Emerging markets present unique technological challenges because of more uncertain, dynamic or resource-constrained settings. We analyse LogiNext data to understand these phenomena and also leverage our knowledge from mature markets.”
“Building on this, we create advanced algorithms that can bridge these gaps, and provide solutions to optimise the decisions in transportation and logistics supply chains. In return, LogiNext gets some of the best minds from one of the world’s elite universities to work on their algorithms and strengthen their enterprise platform with richer features,” Maria added.
Though LogiNext completely owns the IP rights for the algorithms and white papers, they would acknowledge and give the students equal rights to it.
Dhruvil Sanghvi, CEO, LogiNext said “We are very proud to have this as a differentiator because we firmly believe in both sides of the talent and it helps us build intellectual property in a faster way, and in the best of the ways. In fact, most of the new-age startups need to invest more in research projects such as these.”
The decision was inspired from the personal odyssey of the founders of LogiNext, as they have been the alumnus of CMU. They recognised the importance of amalgamating talent from both sides, India and USA and looked for the right opportunities to source the best talent from elite American universities.
LogiNext service optimizer improves the performance of the supply chain and logistics functions across different segments. Their emphasis on the Internet of Things, Big Data and Automation enhances operations by allowing businesses to track their shipments in real-time and minimise losses occurring due to high logistics cost and operational uncertainties.
Currently present in and outside India, and processing over 50000 daily shipments, LogiNext is looking to expand its client base to more countries by March 2017.