The supply chain industry is in a state of transition and transformation.
New technology such as AI, Big Data and machine learning is making life easier for industry executives as an ever-increasing number of companies begin to digitise their offerings. In order to stay ahead in a dynamic and continuously evolving industry, businesses must trial technology to increase efficiency.
The technology giants, IBM Watson, understands the challenge that supply chains face. The company has announced Watson Supply Chain Insights, an AI-based solution that enables supply chain professionals to get through a data overload for enhanced visibility throughout the entire supply chain.
Watson Supply Chain Insights includes advanced AI capabilities designed to provide supply chain professionals with greater visibility and insights. IBM Watson believes in the power of AI-driven insights. It can improve all of the core processes required to run a modern supply chain. This improves not only the end-to-end visibility of data, but also insights on that data to enhance decision-making and efficiency across every aspect of the supply chain and offer a single source of truth.
Through the IBM Watson Supply Chain Insights, companies can use it to predict, quickly assess and more effectively mitigate disruptions and risks with more complete information. This enables supply chain professionals to reach the source and achieve the visibility and insights they need to act faster and with confidence.
AI can ultimately help companies to create a more agile, intelligent and customer-centric supply chain. There is a lot of value to be harnessed through AI, it’s important that businesses across the world continue to see it as an enabler.
For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.