AI AND ML
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AI AND ML
Artificial Intelligence ( AI ) and Machine Learning ( ML ) can help in automating processes , reducing costs , and improving operational efficiencies
Top companies : Uptake , Symbiotic , DataArt , C3 . ai , H2O . ai , Coupa , Alloy . ai , Infor , Havi
According to a recent IBM Cognitive Computing Study , 92 % of outperforming manufacturing executives say AI and cognitive computing will enhance performance . Advances in artificial intelligence will tie everything together , including supply chain management , enterprise resource planning systems , smart factories , and autonomous warehouses .
Supply chain leaders and their teams are making complex decisions on-the-fly based on data-driven AI and machine learning ( ML ) solutions . Artificial intelligence is ' umbrella concept .
AI makes basic inferences , and can store data , and learn from it . ML is a subset of AI – an application of it that typically sees unsupervised machines learning from data without human supervisors watching their every move . Warehouses , for example , but also nonstrategic and time-consuming processes , such as invoice processing and standard contract renewals in procurement .
AI touches every field of supply chain management : procurement , manufacturing , fulfilment , logistics , inventory , and ESG compliance .
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