This article will discuss how supply chains are being improved through the use of innovative technologies before highlighting five uses of artificial intelligence and machine learning in supply chains.
When you finish reading, you’ll understand why many industry analysts have described A.I. technologies as disruptive innovations that have the potential to alter and improve operations across entire supply chains..
In 2007 when we hosted the first The Finance and Investment Forum event in Cass Business School in London the data centre and cloud industry was still, in a sense, in it’s infancy. Even then few predicted not only the sector expansion but the technological advances and energy innovation that would come to recent prominence..
AI is taking centre stage in industries, including retail and
manufacturing
AI ADOPTION-
Artificial Intelligence (AI)is clearly a growing force in the
business sector. Recently, AI has broken the wrong perspective of
many executives and business owners that it is applicable just to
big companies like Facebook, Apple, Amazon, Netflix and Google. It
is serving every corner possible when it comes to showing its
potential.
AI is taking centre stage across a wide variety of industries,
including retail and manufacturing. New products are being embedded
with virtual assistants, while chatbots are answering
customer questions on everything from online office
supplierâs site to web hosting service…
FUTURE OF AUTOMATION- Few technologies have been as significant
or as disruptive to the manufacturing industry as automation.
Thanks to automation, we are now able to produce much more stuff
with far fewer people. Modern manufacturing lines are much more
efficient and usually cheaper to run than previous iterations.
Automation is often associated with job losses and the
devastation of communities. But what does the future of automation
actually look like?
Reducing Manual Labor
Automation has been steadily reducing the number of people
required in manufacturing production lines for decades now.
American factories today can produce much more than past factories,
and they can do so with a smaller workforce. Automation has played
a big part in reducing the manual labor costs of manufacturing.
However, many jobs have disappeared in the process.
Today, around half of all hours worked in…
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