Gartner defines artificial intelligence as a technology that applies logic-based techniques and advanced analysis, including machine learning for interpreting events, supporting and automating decisions, and taking actions. It is the buzzword for organizations grappling with customer demands that are ever-changing, and a shortage of skilled labor.
Artificial intelligence (AI) has a knack of freeing up employees so that they can focus on things that are more important, such as being creative, solving problems that are complex, and allowing customers to get facetime, etc., and for managing repetitive and mundane tasks. When it comes to supply chain management, AI has gained momentum quickly.
It may have to deal with plenty of inefficiencies, but the expectation still remains that it must perform at higher levels of speed and efficiency. That’s why this vital business component remains ripe for automation and improvement through machine learning and artificial intelligence.
Market Worth Billions
A new report from Research and Markets has already revealed that artificial intelligence has revamped the operational processes and facilitated supply chain solutions that are cost-effective. The report states that different forms of artificial intelligence have been integrated into solutions for supply chain management for improving everything from processing automation to offering enhanced visibility into real-time and static data and management information systems that are related.
Apart from decision-making that is fully automated, artificial intelligence systems have also leveraged different forms of cognitive computing to optimize the combined efforts of human and artificial intelligence. The report from Research and Markets has estimated that the global market for artificial intelligence in supply chain management is going to reach $1.4 billion by the year 2025.
Continue reading: https://irishtechnews.ie/ai-and-the-supply/
Artificial intelligence (AI) has a knack of freeing up employees so that they can focus on things that are more important, such as being creative, solving problems that are complex, and allowing customers to get facetime, etc., and for managing repetitive and mundane tasks. When it comes to supply chain management, AI has gained momentum quickly.
It may have to deal with plenty of inefficiencies, but the expectation still remains that it must perform at higher levels of speed and efficiency. That’s why this vital business component remains ripe for automation and improvement through machine learning and artificial intelligence.
Market Worth Billions
A new report from Research and Markets has already revealed that artificial intelligence has revamped the operational processes and facilitated supply chain solutions that are cost-effective. The report states that different forms of artificial intelligence have been integrated into solutions for supply chain management for improving everything from processing automation to offering enhanced visibility into real-time and static data and management information systems that are related.
Apart from decision-making that is fully automated, artificial intelligence systems have also leveraged different forms of cognitive computing to optimize the combined efforts of human and artificial intelligence. The report from Research and Markets has estimated that the global market for artificial intelligence in supply chain management is going to reach $1.4 billion by the year 2025.
Continue reading: https://irishtechnews.ie/ai-and-the-supply/
