Locus, a logistics software program expertise firm (not to be confused with Locus Robotics), has been awarded a patent for “Machine Learning Models for Predicting Time in Traffic”, the second patent awarded to the corporate in 2022.
Predictability of last-mile deliveries is a logistical problem that continues to have an effect on companies throughout numerous sectors equivalent to e-commerce, 3PLs, and so forth.
Locus’ new patent will allow enterprises to obtain higher precision of their last-mile deliveries by factoring in traffic patterns, which have traditionally been thought-about too dynamic to map.
The patent covers distinctive expertise that analyzes the historic knowledge of traffic and predicts the journey time between origin and vacation spot places.
It additionally components in sub-variables equivalent to day of the week and time of day to present hyper-accurate estimated journey instances for logistics suppliers to get forward.
Geet Garg, founder and CTO, Locus, says: “To continually add worth to our rising buyer base throughout 30+ geographies, we at Locus, are pushing our engineering boundaries every day.
“The newest patent highlights our relentless effort to carry out new ranges of innovation in our product suite, enabling enterprises throughout industries to drive high-precision logistics operations in any geography, cut back prices and obtain enterprise success.”
To foster a tradition rooted in innovation, Locus rolled out a company-wide program in 2018 that empowers all staff to apply for patents and consists of common coaching classes, end-to-end help for IPR filings, and way more.
Through this initiative, Locus has secured 4 patents within the final 4 years, with further filings already within the pipeline that – collectively – will proceed to carry developments within the firm’s distinctive product suite to serve its clients higher.
Nishith Rastogi, founder and CEO of Locus, says: “Innovation lives inside our DNA and we imagine that each worker ought to have an equal alternative to contribute to the subsequent finest thought.
“Thus, with the objective to domesticate an atmosphere of entrepreneurship and creativity, we launched this coverage to empower and help our crew of their dedication to fixing challenges of the last-mile logistics.”
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