Instrumented. Information that was previously created by humans is increasingly generated by  machines, flowing from sensors, RFID tags, counters, actuators, GPS, and more. The inventory is  counted alone, the containers recognize its content. Pallets report if they land in the wrong place.

Connected. This era of technology keeps everything connected right from smart gadgets, products  to the Customers to establish a Connected Supply chain. End-to-end connectivity will enable global  supply chain networks to plan and make decisions together.

Predictive analytics is used to respond to demand, optimize inventory and network, preventive  maintenance, and digital manufacturing. No longer just predictive, but hierarchical, search and  pattern recognition algorithms analyze data in real time and help supply chains respond to advanced  machine-generated intelligence, while providing instant transparency and transparency.

Adaptive robotics get right of entry to tool statistics from the Internet of Things (IoT) and numerous  dependent and unstructured records to analyze and make self-sufficient decisions. AI is becoming  increasingly important to innovative supply chain transformation. Forty-six percent of supply chain  executives believe artificial intelligence / cognitive computing and cloud computations will be their  largest investments in digital operations over the next three years.

Machine gaining knowledge is turning into mainstream and widening operational technology  portfolio. Baseline forecasts for new products are critical in determining market’s new product  launches and plans. When applied to demand signals, AI can determine changing demand behaviour  and optimize inventory levels and replenishment plans to feed the continuous cycle of product  lifecycle management. Pioneering companies are applying these cognitive and artificial intelligence  technologies to their products and daily operations. Some live the future; others have just begun the journey. 

Purpose of using AI capabilities in three different and complex areas of the supply chain: 

• Product development  
• Procurement
• Manufacturing.

Priorities represent business and competitive challenges and current trends that will affect the way  companies do business. Investments in technology, processes and employees that companies make  and want to make in the next three years are planned. And the purpose represents those initiatives, with an emphasis on intelligence, that executives prioritize to obtain the highest return on their  

investments. That’s the reason AI is gaining popularity and been used in the ground level for ease of  the business.