leveraged this to help companies find an edge when it comes to operational efficiencies .
Nevertheless , Nari points to the reality of a rapidly-changing business landscape and an increasing need to scale beyond what humans can achieve alone .
“ With the Gen AI boom of the last 18 months , companies worldwide are quickly learning what we ’ ve always known to be true – they need a competitive advantage , and AI is key to that ,” Nari says .
With Gen AI , new algorithms can analyse transaction data in real-time to identify suspicious transactions or patterns that might indicate fraudulent activity , ensuring finance teams can prevent financial losses and protecting customer information .
By analysing historical data , market trends , patterns and shifts , this emerging technology stands to help organisations and their leaders make smarter decisions that minimise risks in their supply chain .
“ Rapid Gen AI adoption across businesses is impacting the entire supply chain function ,” Nari concludes .
“ This serves as a forcing function propelling companies into the modern age of technology – a movement that is long overdue in an industry consisting of manual processes and spreadsheets .”
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