The field of artificial intelligence and machine learning comes with intimidating terminology and lots of new data — big data, structured and unstructured, from the web, social media, news, internet of things (IoT), events and weather. Supply-chain professionals need to understand all of this data, and become expert at deploying new services, tools and processes to manage it.
Artificial intelligence and machine learning tools have been shown to be an essential component of the technology portfolio that helps to make sense of all this, and create more responsive and resilient supply chains.
The concept of servitization — that product manufacturers compete on service offerings instead of commoditized products — requires a fundamental shift in the way businesses think, sell, perform and deliver.
JAGGAER, an independent spend management company and EdgeVerve Systems, a wholly-owned subsidiary of Infosys, recently announced the launch of Contracts and Risk Analysis solution, delivering AI-powered contract review and risk scoring.
The latest news, analysis, trends and solutions for artificial intelligence (AI) and its impact on supply chain management. New AI technologies are transforming the way companies do business — and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of AI and machine learning technologies for supply chain management.
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