KT, SingPost to team up for AI-based digital logistics

Singaporean state-run postal service provider will utilize S.Korean telecom firm’s logistics platform LIS'FO in seven local regions

KT, SingPost to team up for AI-based digital logistics
Ji-Eun Jeong 1
2023-09-11 11:11:48 jeong@hankyung.com
Artificial intelligence

South Korea's KT Corp. announced on Monday that it has signed a memorandum of understanding (MOU) with Singapore Post (SingPost), a state-run postal and logistics service in Singapore, with the aim of enhancing logistics efficiency using artificial intelligence (AI).

The partnership will initially focus on a pilot program designed to optimize digital logistics across seven specific regions in Singapore.

Both companies will utilize KT's proprietary AI transportation platform, the Logistics Intelligence Suite for Freight Optimization (LIS'FO), to streamline transportation routes and logistics operations.

KT's LIS'FO uses AI-driven algorithms to predict and calculate the most efficient transportation routes and loading configurations. Preliminary data analysis from SingPost's transportation metrics indicates that implementing LIS'FO could reduce the operational driving distance by 27% and the number of required operating vehicles by 15%.

"SingPost manages a vast scope of logistics big data annually. Based on this, we foresee unlimited opportunities for a successful, collaborative paradigm with KT in Singapore," Vice President of SingPost Eric Yeo said. 

Write to Ji-Eun Jeong at jeong@hankyung.com
#KT #Singapore Post #state-run postal and logistics service #AI-based digital logistics #LIS'FO

KT, Vector Institute to cooperate for hyperscale AI

KT, Vector Institute to cooperate for hyperscale AI

South Korea's KT Corp. announced on Wednesday that it has been in talks with Canada's Vector Institute to explore collaborative opportunities in the hyperscale AI sector. The discussions took place on Sept. 5 at KT's Convergence Technology Center in Seoul's Seocho-gu district.KT and the Vector

KT to hold AI coding lectures at universities

KT to hold AI coding lectures at universities

South Korea’s KT Corp. is expanding operations of its artificial intelligence (AI) coding education platform AI Codiny.The company on Sunday said it recently decided to expand the platform’s use from elementary, middle and high schools to universities given rising interest in the l

KT invests over $11 mn in AI software company Moreh

KT invests over $11 mn in AI software company Moreh

South Korea's KT Corp. will invest 15 billion won ($11.6 million) in Moreh, a Seoul-based artificial intelligence (AI) infrastructure software company. The telecom giant seeks to shake up the ecosystem for AI services and solutions dominated by the software of Santa Clara, California-base
(* comment hide *}