Artificial intelligence (AI) can support public transportation in many areas. Lufthansa Industry Solutions (LHIND) will be presenting practical examples of AI applications at IT-Trans in Karlsruhe from May 14 to 16. From the creation of annual sales forecasts, which deliver reliable results even in times of crisis, to AI support for transportation planning.
Norderstedt, 7 May 2024 – In their presentation "How to empower your business with AI use cases", Dr. Wilfried Bohlken, AI Specialist at LHIND, and Business Manager Jascha Koepsel will present use cases of how AI can help in public transport at the Market Update Forum on 15 May from 4 to 5 pm:
Looking to the future: better control with AI
Many transport companies use simple formulas or statistical methods to calculate annual revenue forecasts. "If unforeseen events occur, like the coronavirus pandemic, such static models quickly reach their limits," says Dr. Wilfried Bohlken. "AI, on the other hand, recognizes correlations between time series data and external factors - such as current population figures, the number of cars in a supply area or vacation periods - and uses these for forecasting." This makes it possible to explain cyclical patterns and linear trends in the available data, explains Bohlken.