Produced by BrandConnect, a commercial division of The Economist
Advances in artificial intelligence (AI), automation and the Internet of Things (IoT) have forever changed the way companies track and manage products, providing more information than ever. Human brainpower alone is no longer cutting it: we're living in the era of the cognitive supply chain.
The wealth of data that can now be collected at every step from manufacturing to distribution is increasingly being fed into what we call cognitive decision centers, systems that use AI to condense and analyze information about supply chains. Where armies of analysts once spent months coming up with ways to speed up delivery or find pain points on factory floors, a well-oiled cognitive decision center can identify anomalies, search for patterns that lead to unexpected disruptions and make suggestions on how to solve them—almost instantaneously.
Read the article for examples of automation in today's supply chains and considerations for starting your own cognitive decision center.