CHAMP’s latest business intelligence service provides insightful dashboards and greater depth of information to drive faster decisions
CHAMP MarketAnalytics, the insights service launched earlier this year, now features market data from over eighty leading air cargo organizations. Through daily updates, it delivers market insights with the same speed promise as air cargo.
CHAMP processes over half of the world’s air waybills for airlines, forwarders, and handlers through its messaging, cargo management systems, and customs interfaces. This data along with updates on other air waybills and pricing, drives insightful dashboards on a client’s own business and aggregate market data for comparison.
MarketAnalytics leverages advanced Power BI dashboards to show data across many dimensions. Powerful and easy-to-use, they can help managers be better informed in discussions, and spot changes and opportunities earlier. The ability to look at information by commodity and type of handling is proving to be very popular. Market data is also made available through updates that clients can import into their own business intelligence tools. A new feature uses machine learning to identify how each of a client’s air waybills was priced compared to the market and help identify anomalies.
“Air cargo professionals know what happened in their business yesterday. Our service also tells them what happened in the market yesterday,” says Christopher Shawdon, Head of Business Development at CHAMP Cargosystems. “Faster and more detailed data is the basis for everything from improved operations to better customer service, and more effective pricing and planning. Our community can feel empowered getting information from a trusted and industry-owned provider.”
MarketAnalytics processes data in line with a privacy policy that reflects competition and antitrust laws. Oversight and innovation will be through customer advisory boards. The service and market data are now available to every airline and forwarder, whatever cargo systems they use.
