“I know how many minutes you are from where you want parking,” says Zirx’s Behr. “I can use that to make sure the agent is there when you arrive.” Zirx, Luxe, and others have data-science groups that optimize a version of the classic traveling-salesman problem: with many potential paths and destinations involving multiple parties, the companies will thrive when their predictions of time, space (or spaces), and staffing levels all intersect. Luxe has had the option to schedule delivery of your car at a time and location you provide in the app, which adds more predictability; Zirx just added a similar feature. … [Read more...] about The App Economy’s Newest Challenge: Making Parking Less Painful
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Of the total 12 cases that were directed to the Insolvency and Bankruptcy Court by the Reserve Bank of India (RBI) in 2017, a resolution has been arrived at in six cases while liquidation orders were passed against two companies. In two companies, resolution has happened but banks have not received payment. Beside, in the case of another company, the resolution plan failed and hence the process has been restarted, a report by CARE rating agency said. … [Read more...] about What does the IBC data tell us about the state of Indian economy?