This is the second patent that the company has secured in 2022.
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 that continues to affect businesses across various sectors such as e-commerce, 3PLs, etc. Locus’ new patent will enable enterprises to achieve better precision in their last-mile deliveries by factoring in traffic patterns, which have historically been considered too dynamic to map. The patent covers unique technology that analyzes the historical data of traffic 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.
So many academic goals that we expect you to achieve.