Page 27 - ITLN May - June 2022 issue
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what was collected. Accuracy ensures
                                                                               the data collected is correct, relevant,
                                                                               and accurate. Timeliness ensures the
                                                                               data is received at the expected time for
                                                                               the information to be utilised efficiently.
                                                                               Consistency: ensures the data is aligned
                                                                               or uninformed with another dataset.
                                                                               Integrity ensures that all data can be
                                                                               traced and connected to other data.”
                                                                                 As an industry, air cargo is very
                                                                               disparate in technology adoption and
                                                                               is not connected to the entire cargo
                                                                               community, according to More. So, data
                                                                               is re-entered 14 times in the value chain
                                                                               manually leading to duplication, errors
                                                                               and incomplete data.
                                                                                 “Cargo Community Systems (CCS)
                                                                               essentially form a network on all
                                                                               the logistics stakeholders (shipper,
                                                                               consignee, transporter, freight
                                                                               forwarder, customs, cargo handler,
                                                                               airport, airlines) who are connected on
        before they even perceive that need,” as                               a common portal to exchange all trade
        he puts it.                                                            related data which is useful the next in
           “The ML algorithms would                                            line stakeholder. The CCS also checks
        understand human behaviour with                                        for data discrepancy with its in-built
        large-scale automation and data                                        intelligence and prompts the users to
        integration, and predict exactly what                                  correct any incorrect data. This thereby
        customer needs,” he adds.                                              ensures data accuracy, authenticity,
           For Ramnath, it is not just about                                   speed of operations and transparency of
        building dashboards with lots of charts                                trade,” he said.
        and filters. Instead, data visualisation                                 Meanwhile, Rajan notes that there
        means representing insights from                                       are three key steps towards developing
        the data.                                                              a data-driven and analytics strategy
           And for him, data visualisation could                               for any business.
        be one or a mixture of these two types   A well thought-through          As he puts it, “One, you need to pin
        of dashboards. “Operational dashboards    data-driven analytics        down the outcomes that you are driving
        display real-time metrics. E.g., a         strategy can bring          towards, which should then define
        dashboard to display the performance      better yields, become        your data needs. This is more complex
        of the shipments and alert operational      more responsive,           than it looks as good data is the most
        teams to anomalies. Strategic                                          critical resource in any analytics
        dashboards present key performance      improve efficiencies and       project. The second step is to evolve
        metrics to senior management and aim     deliver better customer       business practices around analytics
        to tell the 'big-picture' story behind the    satisfaction.            and start thinking about how such
        data. E.g., a sales dashboard to display     Ashok Rajan               services are going to be consumed
        the cargo sales insights to the cargo          IBS Software            by your business. Thirdly, you need to
        sales heads or head of cargo to make                                   start thinking about the right platforms
        the decision,” he says.                                                and IT environment that can transform
           The algorithms would seem cool but in   So, if the data is incorrect, the entire   the business data into insights that
        the absence of the right and quality data,   model is incorrect. Hence, ensuring the   help to make decisions to eliminate the
        it is impossible to achieve those results.   quality of the data is paramount.   “Chinese Whisper” problem and ensure
                                              Ramnath explains that there      that all stakeholders are consuming
        Collecting the right data           are four components which will     the same data.”
        We cannot build an AI strategy if we   ensure data quality – called CATCI   Indeed, there is room for improvement
        don't have the right data. The AI/ML   (Completeness, Accuracy, Timeliness,   and technologies like AI ML and data
        models are built and learned from data.   Consistency, and Integrity).  visualisations can solve them. However,
        The first step of creating a model is   He says, “Completeness ensures   more than anything we would need good
        data collection or data preparation —   there are no gaps in the data between   leaders with the right vision to help use
        extracting inputs to the model from data.   what was supposed to be collected and   technology for the right reason. 
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        www.itln.in                                                                                  May - June 2022
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