Supply chain leaders are increasingly recognizing the crucial role of innovation in data collection and utilization. Despite technological advancements, a majority of data in the logistics industry remains unstructured, posing challenges in its immediate utilization. Unstructured data requires rekeying when passed between organizations, leading to inefficiencies and potential errors in the supply chain.
DDC FPO’s CIO, Richard Greening, highlighted that 80-90% of the data in the industry is still unstructured, with operations being particularly affected. Bills of lading are a common example of unstructured data in transportation. To address this issue, DDC has introduced solutions like the Auto-Extraction and Structuring tool, which uses machine learning to quickly process raw data from bills of lading and transmit structured data in seconds.
This tool eliminates manual keying work, improving efficiency for agents and billing teams. It can be integrated with DDC’s existing suite of solutions, such as DDC Sync, to provide users with seamless access to structured data. By enhancing its capabilities with tools like Auto-Extraction, DDC aims to become a comprehensive digital provider for its clients.
The benefits of using DDC’s solutions extend beyond optimized performance and faster decision-making. By simplifying the processing of bills of lading, users can reduce overhead costs, enhance profitability, and gain a competitive edge in the market through a stronger digital presence. For more information on Auto-Extraction and how DDC can streamline operations, visit their website.
