The mission of a supply chain is straight forward.
Insure the right product is in the right place at the right time in the right amount in the right condition at the right cost. Every time, every day any where in the world. This imperative plays out in the retail store, distribution centers, manufacturers and all nodes and modes of transportation. Failing in the execution of any of the above causes a ripple effect and results in lost time, disgruntled customers and effects the bottom line.
The reality is all of this is hard.
A global supply chain can have a million SKU’s a hundred thousand customers and literally billions of data points. There are three supply chains:
All must be in synch and flow seamlessly. The permutations are endless. A supply chain produces massive and ever-growing amounts of data. This is a daunting challenge and a wonderful opportunity,
There is value in the data!
There is now a way to unlock the data that has been hidden in silos and in disparate and disconnected information systems. The real trick is finding the data that matters, sensing patterns, correlations and connecting the dots that allow for a better way of doing things.
Why Lucd AI? Speed and Scale.
There are so many variables, so many factors and so much information that is not easily accessible or presented in a way that makes sense it is virtually impossible for a human being to keep up. Unrelenting amounts of data combined with machine learning refines the models and yields better results over time. So as the business evolves so does the AI model insuring ongoing relevance of the output
Lucd| Getting out from behind the 8 ball.
Supply Chain practitioners are asked to do the impossible nearly every day. The information and insights that will emanate from a Supply Chain AI initiative will allow the supply chain to become “intelligent” in way that moves it from being reactive to predictive and ultimately prescriptive.
AI for Business
AI is already transforming businesses of all shapes and sizes. The ability to capture, secure, and harness data to create new products and services, new customer interactions, and new ways of doing business is providing great opportunity to not only business but the whole of entire industry verticals. However, AI adoption is not without its challenges. As MIT Sloan management review states:
“Generating value from AI is more complex than simply making or buying AI for a business process. Training AI algorithms involves a variety of skills, including understanding how to build algorithms, how to collect and integrate the relevant data for training purposes, and how to supervise the training of the algorithm.” Link
How does AI move the needle in Supply Chain Today?
Gartner tells us that these initiatives are underway:
AI Improves Data Quality and Reduces the Need for Manual Intervention
AI Senses and Shapes Demand Through Direct Customer Engagement
Conversational Artificial Intelligence Offers Interactive User Experience with Existing Technologies
AI Improves Performance and Extends Transportation Capacity
AI Identifies Hidden Patterns in Market Data Through Machine and Deep Learning
AI Capitalizes on IoT Data to Create an Intelligent Digital Twin in Manufacturing
AI Extends Existing Supply Chain Planning Capabilities
AI Identifies Risk Exposure and Offers Actionable Mitigation Strategies
Lucd | The Platform for AI Innovation
Lucd provides AI solutions for business. With Lucd, businesses can create new products and services, new customer interactions, and new ways of doing business using AI. Lucd provides ready to use solutions for business as well as a platform environment for building AI models and applications or leveraging third party models and applications.
Lucd | The AI Platform for Business
Lucd.ai invents AI powered solutions for business. The Lucd Artificial Intelligence platform empowers business to capture, secure and harness data that drives success. Lucd is a highly flexible platform that includes applications for data ingestion, exploration and business intelligence. In addition, Lucd is a platform for rapidly creating business specific AI capabilities and solutions. Lucd has been used but not limited to the following business use cases:
Fleet Route Optimization
Disaster Risk Mitigation
Inventory Efficiency Improvements