Expense reduction is a constant goal for most companies. Fortunately, data analytics can assist with keeping costs down in several ways. Here are six of them.
There’s a rising trend in equipping vehicles from company fleets with Internet of Things (IoT) sensors that give management personnel details about things ranging from truck routes to driver fatigue. One company that participated in a research study to pinpoint the effects of big data analytics on logistics operations found it was possible to reduce fuel consumption and CO2 emissions by relying on data analytics software.