JACKSONVILLE, Fla., March 19, 2015 (GLOBE NEWSWIRE) -- via PRWEB - ShipXpress Inc., a pioneer in cloud-based supply chain software, officially announced its agreement with SparkCognition Inc., the world's first cognitive security analytics company.
The partnership between these leading firms will combine ShipXpress' software solutions with SparkCognition's sophisticated award-winning Machine Learning platform to detect problems and predict failures for railcars. The offering will allow rail shippers to better manage their railcars by accurately forecasting which railcars have the highest likelihood of making a trip without any need for maintenance along the way. Insights such as these will save money and time by scheduling maintenance before cars are bad ordered and avoiding railcars which may breakdown during individual trips.
SparkCognition's patent-pending predictive algorithms automatically build models for each railcar based on the railcar's history, mileage, previous routes, the distance being traveled, the time of year, seasonal environmental conditions, the speed of the train, and the load percentage of each individual railcar.
"We are excited to partner with SparkCognition and we look forward to delivering the results of this partnership to our customers. Together, we aim to change the way the railway industry deals with logistics and prognostics issues by enabling heightened efficiency and increasing effectiveness," said Raghu Misra, CTO of ShipXpress.
"With our automated-model building capabilities, we are democratizing the use of Analog Big Data in large-scale industrial prognostics applications, such as those relevant for the railcar industry," said Usman Shuja, Vice President of Market Development at SparkCognition, Inc. "Effectively, we are delivering next-generation AI and Machine Learning technology that solves high-value problems for our customers today."
ShipXpress is the premier provider of cloud-based software solutions which enable industrial and commodities businesses to efficiently operate and collaborate with their supply chain partners. US and Canadian Railroads and Fortune 500 companies in the energy, agriculture, chemicals and metal industries rely on ShipXpress to deliver customized supply chain solutions. We provide collaborative software systems to help businesses of all types and sizes manage data, simplify manual processes, and improve business analysis and administrative tasks. ShipXpress, Inc. is based in Jacksonville Beach, Florida; for more information on the company, its solutions, and team, please visit http://www.shipxpress.com.
SparkCognition, Inc. is the world's first Cognitive Security Analytics company. Its groundbreaking MindFabric platform and Cognitive Fingerprinting technology model physical and virtual assets, continuously learn from data, and derive intelligent insights to secure and protect assets round the clock. SparkCognition is based in Austin, Texas and is backed by Michael Dell's private investment firm, MSD Capital, L.P., T. B. Pickens III, CEO of Astrotech, California-based venture firm, The Entrepreneurs' Fund (TEF) and Alameda Ventures. For more information on the company, its technology and team, please visit http://www.sparkcognition.com.
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ShipXpress Inc. Seth Maerowitz +1 (904) 241-5850 Ext: 240