Locus announced that it has been awarded a patent for “Machine Learning Models for Predicting Time in Traffic,” the second patent awarded to the company in 2022.
Predictability of last-mile deliveries is a logistical challenge affecting businesses across various sectors such as e-commerce, 3PLs, etc. Locus’s new patent will enable enterprises to achieve better precision in their last-mile deliveries by factoring in traffic patterns, which have historically been too dynamic to map. The patent covers unique technology that analyzes the historical traffic data and predicts the travel time between origin and destination locations. It also factors in sub-variables such as day of the week and time of day to provide hyper-accurate estimated travel times for logistics providers to get ahead.
Geet Garg, Founder & CTO, Locus, said, “The latest patent highlights our relentless effort to bring out new levels of innovation in our product suite, enabling enterprises across industries to drive high-precision logistics operations in any geography, reduce costs and achieve business success.”
To foster a culture rooted in innovation, Locus rolled out a company-wide program in 2018 that empowers all employees to apply for patents and includes regular training sessions, end-to-end support for IPR filings, and much more. Through this initiative, Locus has secured four patents in the last four years, with additional filings already in the pipeline that will collectively continue to bring advancements in the company’s unique product suite to serve its customers better.
Locus granted patent for machine learning models to accurately predict traffic time for better last-mile deliveries
This is the second patent that the company has secured in the year 2022
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