Operations profitability and agility, through data and AI

To Succeed in the 2020s, Focus on Agility....

Jul 15, 2020 7:38:00 AM / by Sanjiv Gupta posted in Enterprise Software, Predictive analytics, Container Prioritization, Innovation Intelligence Analytics, News, Business Agility, Innovation Intelligence Paradigm Analytics, Supply Chain Visibility, global supply chain, Artificial Intelligence, Business Analytics, Deep Learning, Prescriptive analysis, AI Assistant, OpsVeda Exceptions, Real Time Analytics

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How to track performance and uncover opportunities in Supply Chain!

Jun 15, 2020 2:21:00 PM / by Nandini Gautam posted in Enterprise Software, Predictive analytics, Container Prioritization, Innovation Intelligence Analytics, News, Business Agility, Innovation Intelligence Paradigm Analytics, Supply Chain Visibility, global supply chain, Artificial Intelligence, Business Analytics, Deep Learning, Prescriptive analysis, AI Assistant, OpsVeda Exceptions, Real Time Analytics

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Today’s companies continue to expand to reach global markets, but this has made control of supply chains more and more complex. Companies recognize that developing and executing successful supply chain strategies can be key to gaining a competitive advantage in the marketplace. A key to managing a global supply chain is having strong visibility. This has in turn prompted companies to use technologies such as ERP/MRP systems, warehouse management systems and transportation management systems. Additionally, companies are utilizing hardware technologies, hand-held scanners, GPS, tracking devices, cameras, microphones, RFID readers, wireless networks and automated warehouse systems (AGVs, Robots). Adoption of these technological tools allows more visibility than ever before.  But having the data, alone is not enough; managers now have millions and billions of bits of data to decipher and sort through. Having piles of data is not enough, supply chain managers are now faced with how to best use the data to obtain the right information to track performance, diagnose bottlenecks and uncover opportunities for continuous improvement.

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Enabling decision automation with Prescriptive Analytics

Oct 16, 2013 6:51:14 PM / by Sanjiv Gupta posted in Descriptive analytics, Business Execution, Predictive analytics, channel management, Business Agility, Prescriptive analysis

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Last month Gartner published an article titled “Extend Your Portfolio of Analytics Capabilities” where they discussed the four types of analytic capabilities, their usage and the human intervention needed at each level to translate the data insights to action. The framework is captured well in the below figure – also from the same article.

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