Logistics
Logistics is the process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for the purpose of meeting customer requirements. In the context of data science, logistics involves the use of data and analytics to optimize the supply chain and improve operational efficiency. This includes forecasting demand, managing inventory levels, optimizing transportation routes, and improving delivery times. Data science techniques such as machine learning, predictive analytics, and optimization algorithms are used to analyze large volumes of data and provide insights that can be used to make informed decisions and improve logistics performance.
Your Previous Searches
Random Picks
- GIS: GIS stands for Geographic Information System. It is a system designed to capture, store, manipulate, analyze, manage, and present spatial or geographic data. GIS is used to understand, interpret, and visualize data in a geographic context. ... Read More >>
- General Data Protection Regulation: The General Data Protection Regulation (GDPR) is a regulation in EU law on data protection and privacy for all individuals within the European Union (EU) and the European Economic Area (EEA). It came into effect on May 25, 2018, replacing t ... Read More >>
- Unbounded Data: Unbounded data refers to data that has no predetermined structure, size, or format, and is generated at a high velocity. This type of data is typically found in big data applications, where it is collected from various sources such as socia ... Read More >>
Top News
Meta approves bonuses of up to 200% of company executives' salaries...
Meta approved a plan to increase bonuses for company executives to up to 200% of their base pay amid layoffs targeting about 4,000 employees....
News Source: Business Insider on 2025-02-21
Dr. Mehmet Oz holds millions from companies that he'd wield power over if confir...
Dr. Mehmet Oz holds millions of dollars worth of shares in health insurance, fertility, pharmaceutical and vitamin companies...
News Source: ABC News on 2025-02-20
Elon Musk quietly built a second mega-data center for xAI in Atlanta with $700 m...
xAI built a massive data center in Memphis last year, but the company has also been quietly setting up another facility in Georgia....
News Source: Business Insider on 2025-02-20
China's Alibaba sees revenue surge on back of artificial intelligence, e-commerc...
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China...
News Source: ABC News on 2025-02-20
Why the billionaire class is kissing Trump’s proverbial ring...
The billionaire set and the massive corporations they represent are not showing deference to the president....
News Source: Al Jazeera English on 2025-02-20