In this contributed article, Rudrendu Kumar Paul, AI Expert and Applied ML industry professional, explores the transformative role of AI in strategic sourcing, inventory management, and risk management within supply chain operations. The article highlights how AI can optimize these processes, leading to more efficient and effective operations. A focus is on AI’s ability to analyze vast amounts of data and generate actionable insights; examples of its application in predicting supplier performance, optimizing inventory levels, and identifying and mitigating supply chain risks. Also included are the benefits of applications of AI in supply chain management, importance of businesses to explore and adopt AI tools to stay competitive in today’s complex business environment.
Revolutionizing Supply Chain Management: The Power of AI in Strategic Sourcing and Inventory Optimization
5 Benefits Of Machine Learning For Manufacturers
In this special guest feature, Eric Whitley, Director of Smart Manufacturing at L2L, believes that machine learning is so powerful precisely because it grows machine knowledge in a continuous feedback loop and becomes exponentially smarter. But what can it do for your business? This article will provide insights into the five benefits of machine learning for manufacturers.
insideAI News Guide to Computer Aided Engineering
[SPONSORED POST] The essential first step for manufacturers is to consider how much data the enterprise has at its disposal. Most manufacturers collect vast troves of process data but typically use it only for tracking purposes, not as a basis for improving operations. The challenge is for these players to invest in the systems and skillsets that will allow them to enhance their use of existing process statistics. This Guide, “insideAI News Guide to Computer Aided Engineering,” sponsored by Dell Technologies, will walk through some of the ways to expand the scope of analytics to further increase business value.
How AI/ML Can Improve Manufacturing Operations
In this special guest feature, Stuart Gillen, Senior Manager at Kalypso, offers a few ways manufacturing organizations can leverage predictive maintenance to identify potential issues, reduce the occurrence and length of unplanned downtime, and get the most value from assets and budgets.
Incident prevention with Big Data in Manufacturing
In this special guest feature, Edwin Elmendorp, Information Architect, Kinsmen Group, points out that many opportunities exist for using BIG data technologies in manufacturing, while some are still in a research phase, others are usable products that offer cost beneficial approached available for small and large organizations by using modern platforms.
Procurement Turns to AI to Navigate Supply Chain Upheaval
In this special guest feature, Ophelia Otto, scoutbee Industry Relations Lead, discusses AI technology can bring a business operation like procurement from the stone age to the modern age by allowing teams to rely on automation rather than placing all bets on little black books and outdated spreadsheets.
Embracing and Leveraging the Data-Driven Pressure in Industry 4.0
In this special guest feature, John Joseph, CEO & Co-founder of Datanomix, explores why real-time actionable manufacturing data is needed for the entire organization to determine the true quote to cost value, how leveraging data analytics that can be learned, consumed, and responded to in seconds, not minutes or hours will set factories ahead – especially post COVID-19, and how to leverage data to make smarter business decisions and better quote to cash estimates.
Challenges to Consider While Implementing Big Data Strategy in Manufacturing
In this special guest feature, Piyush Jain, Founder and CEO of Simpalm, discusses the many ways in which Big Data has positively influenced the manufacturing industry, along with the major challenges faced in implementation.
Circonus Launches Machine Data Intelligence Platform Built to Harness the Exploding Volume of Data in a World with a Trillion Connected Computers
Circonus, the machine data intelligence expert, announced the launch and availability of its Circonus Platform, the machine data intelligence platform built to provide enterprises with the ability to handle the rapidly increasing data volume and frequency seen in today’s global IT infrastructure and IoT deployments. With the Circonus Platform, enterprises can collect, store and analyze all of their machine data – without limits – ushering in a new era of extraordinary business insight and intelligence.
Manufacturing Industry Predicted to Benefit Most from Artificial Intelligence Technology
It’s widely agreed that the implementation of artificial intelligence is vital for future growth, but just how much impact can AI have across industries? RS Components has analyzed data from Mckinsey’s Global Institute to see how much revenue growth AI innovative companies can expect to see when compared to businesses who fail to invest in the technology. The full findings are found in a report, “AI Industry Boost – Which Industries will Benefit the Most?”
