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Use Cases of Data Science in Manufacturing

In AI, Big Data, digital transformation, Machine learning, Uncategorized by admin

Many data scientists expect that data is already cleaned, ready in the database for the sexy stuff –  visualization and predictive insights. They don’t realize that there are many steps to dealing with data – how to access it, which SQL database,  how should it be manipulated and is further cleaning necessary for processing.   Yet, according to a recent survey by Crowdflower published in Forbes, data scientists spend 80% of their time on cleaning and data preparation. 57% of them (data scientists) regard cleaning and organizing data as the least enjoyable part of their work. Data science use cases …

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Supplier Planning: It’s all about Big Data

In AI, Big Data, Machine learning by admin

Over a fifth of 400 enterprise buyers blamed supplier failure for higher insurance premiums, damaged reputation and loss of customer trust according to a Tungsten report. The challenges faced by businesses include cyber fraud and siloed data which impact customer service, product quality and operations. Is it really all about the data? Yes. Data is growing faster than ever before and by the year 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet. IDC estimates that unstructured content already accounts for a staggering 90 percent of all digital data, much …

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Supplier purchase order analytics in e-commerce

In AI, Big Data, KYC, Machine learning by admin

Last week VendorMach had a busy couple of days exhibiting at CogX 2017. An AI forum drawing audiences from startups and corporates, it was a good mix of people, a vibrant atmosphere, and some of the best brands in tech. We had a number of stimulating conversations and continue to learn that supplier relationship management is a pain point across industries. Supplier purchase order analytics in retail e-commerce Retailers find themselves operating ever more complex supply chains. An online fashion retailer in particular prides themselves on top customer service and efficient delivery and return handling. This involves management of thousands of …

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VendorMach talks use of machine learning approaches on CIO Review

In AI, Big Data, CIO, digital transformation by admin

VendorMach looks into the future of AI and supply chain digitization  with CIOReview. Here is an excerpt – Do you believe that artificial intelligence will change the modern way of living? How is it impacting society? Sure, it will change core behaviors and expectations – and cause less reliance on humans. One can argue whether we really need our own driverless cars or personal robots?  If we rephrase the question, can certain industries use driverless cars or robots to improve speed, reduce error and accuracy that ultimately serve consumers then yes, it will be a positive impact.  To reach the …

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Nine steps for CIOs towards Supply Chain Management

In AI, Big Data, CIO by admin

Due to the growing digital footprint and impact of systems and architecture with business processes, the role of a CIO has become more important than ever. Here are nine steps they can take to be successful: 1. Make time to manage both IT and the supply chain  CIOs juggle many different priorities and struggle to meet competitive demands As IT and business processes become more and more interconnected, CIO’s should contribute more to business strategy such as the supply chain. Many organisations have a centralised ‘Information’ function. Enterprise resource platforms (ERPs) bring together the IT and business processes for a …

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Why IoT Needs AI

In AI, Big Data, fintech, Machine learning, News by admin

At one of my recent talks in New York about AI in the supply chain, one of the key questions that came up was “Are you talking about robots?” You see, AI has been romanticized into this abstract term that conjures images of walking robots doing your household chores while you just sit back and relax. But what does it really mean, and where did the term actually come from? Artificial intelligence encompasses the new paradigm of machine learning and big data processes that enable you to get predictive insights from a combination of historical amounts of preexisting data processes …

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Shorter Working Capital Cycles, a Win Win Solution

In AI, Big Data, Invoices, SMB by admin

Businesses need a shorter working capital cycle to fund their day-to-day operations such as debts and expenses,  a major component of their liquidity. What is working capital? Working capital is the aggregate value of the current assets of a company, which can be continuously utilized to support the current operations. It  helps in understanding the liquidity position of an organization. Working capital is much more focused on short term – current asset and current liabilities. Ultimately,  positive working capital or cashflow ensures that a business has enough funds to support its operating expenses and short-term debts. Understanding Working Capital Cycle …

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VendorMach’s Dr Faridani Speaking at Data Natives in Berlin

In AI, Big Data, fintech by VendorMach

Jacqueline Faridani, VendorMach’s Associate Director of Quant and Credit Risk will be at the Data Natives conference in Berlin! She will be on the Big Data panel in Fintech with fellow panelists Christian Rebenik, CTO of German digital bank N26, Dr Stefan Wachenfeld, CEO of Savedo and Devie Mohan, CEO of Burnmark. To learn more the conference, here is a great summary from Dataconomy