Companies are overwhelmed by the volume of data which is being generated by their customer, processes, and tools. They found some of the traditional business intelligence tools failed. Spreadsheets and dashboards will be replaced by the AI-powered tools that explore data, make recommendations, and find insights automatically. These tools will change the way companies use data and make decisions.
- Logistics and Supply Chain
According to the report, AI will account for around $15.7 trillion to the global economy by 2030, and this has serious implications for the supply and logistics sector.
The sector is embracing AI in its processes because the tool promises to solve the inherent complexities of global logistics. If implemented correctly, AI can enable companies to make agile and smart decisions while foreseeing problems in advance.
AI can streamline day to day procurement jobs via automation and augmentation. For routine tasks, chatbots can speak with suppliers, place purchasing orders and answer internal questions and file documents as well.