Archive for Artificial Intelligence

Near Term Forecasting powered by AI

One thing that I find interesting in the AI movement is the creative use of data and algorithms to solve old problems in a new way or to solve new problems. My colleague, Vikram Srinivasan talked about one such new problem in a previous blog post:  AI is Changing Everything We Thought About Forecasting Demand. Vik discussed how AI is helping improve demand forecasting with additional data and new algorithms. Digging deeper, he mentioned an […]

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AI is Changing Everything We Thought About Forecasting Demand

The rise of cloud computing, smart devices and IoT have all resulted in a massive data explosion. By 2025, the amount of data will double every 12 hours. AI now has the ability to consume data far more efficiently than humans, delivering on the possibility of insights and predictions never before imagined. But McKinsey reports that only 33% of organizations are effectively using internal and external data to take advantage of AI capabilities. Predicting future […]

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Make Your Supply Chain a Sustainability Champion

Today’s headlines are filled with disheartening news about climate change, resource depletion, pollution, hunger, access to clean water, and poverty. The world is paying a high price for the traditional “take, make, use, waste” philosophy that failed to consider the long-range social and environmental consequences of mass consumerism. In response, in 2015 more than 190 countries joined to endorse 17 sustainable development goals (SDGs) ― defined by the United Nations ― as part of a […]

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Digital Transformation of your Supply Chain Network in the Age of AI

Trying to understand and implement artificial intelligence (AI) for your supply chain network during your digital transformation efforts, or let alone finding the right partner in your journey, is like walking in an enchanted forest full of myths, ogres, and lost souls trying to find a way out. Finding the right path in there to an eternal bliss starts with knowing what is not right. Implementing AI is not a small feat and you may get bombarded with vague definitions and stories about how AI makes the world a better place. Let’s look at a few common myths you may come face to face with in your quest to transform your supply chain network by using AI while going digital in your organization.

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How to Put Data Science to Work for Your Supply Chain

Driving operational growth and increasing supply chain efficiency in today’s ever-changing business world is a top priority for many companies. In order to grow in a rapidly evolving marketplace, organizations must possess the ability to use advanced algorithms and data analytics to generate the next wave of supply chain value. With the abundant data available and the advanced technologies now accessible to help harness it, organizations must establish effective strategies to curate data, produce and […]

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Machine Learning in the Supply Chain

One area of interest in today’s end-to-end supply chain is machine learning. And this is certainly a topic that we have written about quite often. Over the last few months, Steve Banker, Clint Reiser, and I have written about artificial intelligence and machine learning in a number of contexts and how it impacts the supply chain. These topics have included transportation management, warehouse management, and supply chain planning, among others. This technology continues to be […]

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eCommerce Company uses Artificial Intelligence to Improve their Value Chain

Plated is using  machine learning and artificial intelligence to improve diverse operations across their value chain. These operations include product development, customer engagement, sales, and forecasting.

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The Arms Race to Leverage Machine Learning in Supply Chain Planning

Artificial intelligence (AI) is hot.  Over $4 billion in venture capital has been invested in AI firms just in the US. But supply chain planning software companies, with their cadre of operations research Ph.Ds who have been modeling complex problems for decades, may be better poised to solve many complex business problems than the hot new Silicon Valley firms.

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A Practical AI Platform? What a Concept!

I’ve been briefed by several providers of AI platforms. I’m left uneasy by these briefings. It is as if Artificial Intelligence is like a magic wand, wave it and your problems disappear. But Teknowlogi appears to have a practical AI Platform, the first I’ve come across.

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