In another indication of the increasing use of AI (Machine Learning) in various business activities related to trade, we have this posting at yahoo!finance about a new service from Orbital Insight, a silicon valley-based firm that provides geospatial analytics.
In this case, the product provides more insight into a company’s supply chain with greater monitoring capabilities across connection points. This allows for greater risk analysis and better decision-making, especially important in uncertain times.
‘today released its Supply Chain Intelligence solution that combines artificial intelligence, multi-source data and location analytics to uncover hidden risks, monitor upstream or downstream activities and reveal movement patterns across facilities all over the world at scale. With a simple query in the company’s flagship GO platform, organizations can now better detect connections between specific areas over time, including supply chains, global migration patterns, commutes, tourism activity and anything else that involves the movement of goods or people.’
The piece goes on to talk about how the solution also provides the capability for government agencies to track military asset movement through a Traceability feature. Readers who have an interest in the space can link out and read more about the company and this portion of the industry, which as we have been stating for quite some time, great use cases for AI are in play.
“Enterprises and government agencies make big decisions without a clear picture of what’s happening in both their own operations as well as external networks of business and societal connections,” said Kevin O’Brien, Orbital Insight’s CEO. “Our new Supply Chain Intelligence solution is a shining example of how to quickly make sense of connection points and provide critical visibility while respecting people’s privacy. Predicting change sooner helps our customers make smarter investments, avoid costly surprises and find new opportunities.”
Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group