TECH & AI Barriers to adoption persist So , if these aforementioned technologies have the potential to bring an array of benefits to supply chain planning , why are so many companies reluctant or slow to adopt ?
Bali insists the answer to this question varies from business to business , but lists cost , expected turnaround time , disruption , privacy and security concerns as just some of the main barriers .
“ Sometimes it ’ s more about resistance to change within an organisation , but they don ’ t see the advantage of the technology and
50 %
PERCENTAGE OF SUPPLY CHAIN ORGANISATIONS INVESTING IN APPLICATIONS WITH AI COMPONENTS ( KPMG ) what it brings to the table . Once they actually realise what ’ s on the other side of the table , they essentially see what ’ s important and what they need to do .”
Cassell notes there still exists considerable variety in the pace of adoption , with many fast-tracking their transition while others fall behind .
What ’ s certain is that , from a productivity perspective , firms are being left with little option but to take a leap of faith and harness the power of emerging tech like GenAI and automation .
“ It ’ s going to be very important for organisations to prioritise and accelerate their digital transformation efforts because things are going to continue changing ,” concludes Cassell .
“ Digitisation , and the capabilities , visibility and agility that come with it , is going to be needed in what is a really competitive , everchanging business landscape .”
140 May 2024