AI IMPLEMENTATION
like spreadsheet tracking and a lack of reliable demand forecasting ,” explains Fang Chang , Executive Vice President and Chief Product Officer at Coupa .
“ AI and ML can ultimately increase the efficiency and resilience of the supply chain through improved forecasting . AI can quickly analyse vast amounts of data , including historical sales , market trends and external factors like weather and economic conditions , leading to more precise inventory management and ultimately benefiting a business ’ bottom line .”
The remarkable rise of Gen AI and ML Many have been caught off guard by Gen AI and ML ’ s rise to mainstream prominence , which really began towards the tail end of 2022 – coinciding with the launch of OpenAI ’ s groundbreaking tool ChatGPT .
Greg Hanson , Group Vice President and Head of EMEA North at the US tech giant , Informatica , was not among them .
“ The ability to harness data and exploit AI ’ s potential is going to be the difference between the winners and losers in the market ,” he says .
124 March 2025