New TMW Data Community Enables Transportation Businesses to Expand Market Intelligence Capabilities
Tuesday September, 19 2017
When the TMW Systems Reveal Series data analytics platform was introduced in 2016, it ushered in a new level of business intelligence capabilities for fleets, third-party logistics providers and other transportation enterprises. Today, the new TMW Data Community, representing an expansion of the Reveal Series, is enabling even more advanced analytics solutions.
“Until now, the Reveal Series has focused on applying big data tools to analyze internal operational information,” said Brian Larwig, vice president and general manager, TMW Systems. “The TMW Data Community enables participants to benchmark their performance against similar organizations across a wide range of key performance indicators (KPIs) and utilize this market-wide data to make forward-looking decisions based on industry trends and indices.”
Participation in the TMW Data Community is free for users of the TMW.Suite, TruckMate and Innovative transportation management solutions and/or the company’s TMT Fleet Maintenance and TMT Service Center software. Contributed data is anonymized and aggregated to ensure confidentiality. As a central hub of consolidated data, the solution allows users to analyze a variety of metrics.
The TMW Data Community currently allows for analysis of aggregated and consolidated information by several different variables, including operating region, fleet size, year, lane, type of freight, and more.
KPIs that can be analyzed, among others, include rate per mile, fuel costs, revenue per truck, mileage and empty miles, operating ratio, revenue and costs per mile, tractor and trailer maintenance CPM, and seated percentage.
TMW is also exploring data prediction models using deep-learning data science processes to enable increasingly advanced predictive analytics capabilities for participants in the TMW Data Community.
TMW’s Reveal Series cloud-based business intelligence and data analytics platform enables users to leverage the power of big data within their businesses through advanced, transportation-specific data models and visualization tools. Users can analyze a broad range of metrics – including route profitability, route planning efficiency and driver performance – and assess a variety of “what if” scenarios.
“The TMW ecosystem captures large amounts of transportation and freight data from carriers and brokers,” Larwig stated. “Historically, each company could use its own data to make effective decisions that improve their operations. With the TMW Data Community, over 90 percent of our customers now have the ability to collectively access data from thousands of entities and use the power of big data analytics to generate actionable intelligence critical to how they operate their businesses.”
About TMW Systems
TMW is a leading transportation software provider to commercial and private fleets, brokerage and 3PL organizations. Founded in 1983, TMW has focused on providing enterprise software to the transportation industry, including asset-based and non-asset-based operations as well as heavy-duty vehicle service centers. With offices in Cleveland, Dallas, Indianapolis, Nashville, Oklahoma City, Raleigh, and Vancouver, the company serves over 2,000 customers, including many of the largest, most sophisticated and complex transportation service companies in North America. TMW is a Trimble Company (NASDAQ: TRMB) and part of the international Transportation and Logistics Division.