Jon StojanFor many, artificial intelligence stirs anxiety, carrying stereotypes of automating jobs and putting workers out of one. But one innovative startup is flipping the script through technology that paves the way for better compensation and employment security.
Based in Silicon Valley, startup Prophecta, is leading a shifting narrative—one that positions AI as a powerful ally to the everyday workforce. Through its cutting-edge technology, organizations are given the opportunity to find hidden financial gems within their old-school processes to maximize profits. By shining lights on areas of inefficiencies and automatically correcting them in real-time, they’re providing a lifeline to companies struggling to keep pace with today’s rapidly changing landscape.
Take trucking, where annual turnover can burst through the roof at 90-100% for long-haul drivers. This eye-popping number signifies companies replace their entire roster yearly, sparking massive training costs and business disruption. You’d assume higher wages would remedy that, but the financial constraints make it an unrealistic solution for most.
As Anatoly Volkhover, Prophecta’s Co-Founder and CTO, explains: “Many companies, including those in trucking, are performing well below capacity. There’s an abundance of untapped value within existing operations, enough to substantially raise pay, slash turnover, improve safety, expand profits, and even enable major sustainability efforts.”
For fleets, Prophecta’s AI homes in on driving patterns, the core source of inefficiency. According to Anatoly, “Our AI assistant continually tracks location, speed, acceleration, road curvature, hazards, conditions and more. Combined with intel on the vehicle model, tire wear, cargo weight, it supplies simple spoken instructions: slow to 30 mph, hit 40 mph before that hill, start gradual braking now, change route – turn left ahead.”
Through this, companies are able to reap serious rewards, with estimated fuel savings exceeding 40%, emissions reductions topping 30%, all while keeping near-zero training costs. And unlike humans who are often overwhelmed with multitasking, the AI is seamlessly able to factor in hundreds of variables impacting efficiency and take actions to remedy these inefficiencies.
“Think of a Florida delivery firm on fixed routes. Come hurricane season, flooding often blocks roads for days or weeks, paralyzing deliveries. Armed with real-time traffic data and disruption history, our AI recalibrates routes and delivery schedules to minimize impact,” Anatoly mentions.
By creating an additional 40% in fuel savings, companies are also able to put a part of those savings towards paying drivers more, making it a win-win situation for everyone. Drivers are given instructions and feedback on their technique to improve efficiency, and in turn, they’re paid a part of those savings, while enabling their employers to upgrade fleets, slash insurance costs and enable agile planning in line with volume forecasts and fuel price projections.
And Prophecta isn’t stopping at fleets. Their vision extends to construction, procurement, logistics, manufacturing, warehousing and various other industries. Anatoly believes AI can be a force for good, and not evil. “AI can bridge the gap between business needs and employee welfare, fostering an environment of collaboration where AI technology is an enabler, not a disruptor,” he says.
As Prophecta pioneers new applications for AI, one certainty emerges – AI will align business goals with worker prosperity, leading to shared success. In this era of intelligent technology, the future looks brighter for all.