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2018 Supply Chain Management Trends

Introduction

Technology often affects supply chain management structures. One development in the past 10-20 years shaping the way supply chains operate is the increased use of Internet shopping. Will wholesalers and retailers keep up with SCM Changes?

Overview of Supply Chain Management

A supply chain is the path that goods or services travel, which is a journey that supply chain management oversees. For tangible goods, this process usually begins in a factory where items are built and ends with those pieces in customers’ hands. Service SCM often starts at a place of business where customers will have access to help they need, and these customers also might use online or telephone communication to make service requests. Some businesses choose to have an internal team handle SCM, while others hire outside experts.

Latest Trends in SCM

Because of the increase of online shopping, companies now strive to make delivery times as short as possible for as inexpensive as they can. This initiative involves the use of visualized data for tracking orders and shipments. To shorten delivery times, some businesses also have planted factories and warehouses closer to where customers live.

Along with data visualization and localized manufacturing facilities, current SCM practices seem to demand the use of the Perfect Order Index indicator. A company with the best POI is the one who ideally ships all orders on time with no damage or loss occurrences — or at least does ship perfect orders nearly 100 percent of the time.

Artificial intelligence technology including the use of drones, which also can speed up delivery, is another new SCM trend. Automation of purchases and orders works in conjunction with this recent SCM development. In some cases, this includes automated transaction procurement at both the business-to-business and business-to-consumer levels. It may also include automated invoicing along with immediate delivery of payment receipts.

Current SCM trends might seem impersonal to some shoppers. One challenge that both wholesalers and retailers face right now is providing the one-on-one customer service experience many consumers still crave. B2B clients also might still demand VIP, face-to-face service.

Conclusion

Offering the best of both worlds, which includes the efficiency that technology can provide combined with a physical presence near delivery destinations, could bring back the hometown feeling many people remember and miss from their younger days. For instance, local grocery stores delivered milk straight from a nearby farm to homes at least once a week. This took place at least until the early 1980s and is in a way happening again with online ordering being the major difference.

Combining digital order fulfillment technology along with the “mom and pop” feel of local pickup that some customers prefer could put a company ahead of their competitors.

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Artificial Intelligence: The Next Big Thing in Technology

You know, I think it’s impossible to read about technology today without running headfirst into artificial intelligence (AI) and the topics under its umbrella: autonomous driving, machine learning, deep learning, ethics/law/regulation, military applications, healthcare, FINTECH, and even customer experience. At that second level, it’s startling how much one encounters China and its extraordinary investments in artificial intelligence. Chinese advancements are fascinating, but for me, at least, also downright worrisome — what I’ll call my “fascinated skepticism”. Please enjoy the articles below as you head into the weekend.

The Best in The Technology Industry

Blake Rubin is a driving force in the tech industry. He has a natural ability to understand the complexities of artificial intelligence. The major advances in machine learning software began in 2014. This led to software designed for machine learning, new techniques in biotech and breakthroughs in computing. This was the period when he began to establish his career in the tech community. He believes software creating artificial intelligence will become a reality in the not too distant future. His research and expertise on the subject have helped make major strides in the field.

Attractive young man doing some social networking on his phone while taking a break at a smoothie shop

Artificial intelligence is being used in the development of new products such as apps, smart technology, and virtual assistants. This technology is additionally enabling the user to find solutions to incredibly difficult issues. Blake is interested in the field concerning deep learning. This can be defined as processing data with simulated neurons. The main focus of deep learning is imaged because although they are easily understood by humans, it is extremely difficult for software to be given the ability to decipher an image.

And regardless of whether you’re a diehard tech fanatic, always after the latest devices, or a laid-back “average” consumer, if you’re like me, you can’t help but look forward to the tech developments and trends that lie ahead. After a year with surprisingly high sales for smart speakers and virtual reality, as well as the debut of several new phones and tablets, I’ve spent the last several weeks looking ahead to the possible trends that will unfold in 2018.

And also, as a marketer, my perspective often turns to how we can use these new technologies and trends to better communicate and connect with our audiences, but general tech trends hold much more potential than that—they have the capacity to change how we live and interact with each other.

So what will the biggest tech trends of 2018 be, and how will our lives change, accordingly?

AI permeation. Artificial intelligence (AI), largely manifesting through machine learning algorithms, isn’t just getting better. It isn’t just getting more funding. It’s being incorporated into a more diverse range of applications. Rather than focusing on one goal, like mastering a game or communicating with humans, AI is starting to make an appearance in almost every new platform, app, or device, and that trend is only going to accelerate in 2018. We’re not at techno-pocalypse levels (and AI may never be sophisticated enough for us to reach that point), but by the end of 2018, AI will become even more of a mainstay in all forms of technology.

AI will become a political talking point.

We all know that while AI may help create jobs, it will also cause some individuals to lose work. For example, Goldman Sachs expects self-driving vehicles will cause 25,000 truckers to lose their jobs each month, as reported by CNBC.

And also, if large warehouses can operate with just a few dozen people, many of the 1 million pickers and packers currently working in U.S. warehouses could be out of a job.During the 2016 election, President Trump focused on globalization and immigration as causes of American job-loss, but during the 2018 midterm elections, the narrative could be about automation and artificial intelligence, as more working-class Americans struggle to adjust to the new landscape.

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How Artificial Intelligence is shaping the e-learning scenario in India?

 

Machines direct Artificial Intelligence, and it can be regarded as any study by intelligent agents or device. It functions depending on what it receives from its surroundings and this way it maximizes the chance of giving the best results. With the advancement of technology, e-learning is helped dramatically. The way individual look at education has changed rapidly with the influence of technology including artificial intelligence. Ways to access education through the help of technology has become efficient, and students are able to learn strategically and evaluate well than before. In addition to this, students are able to analyze their own pace of learning. There is little difference between robotics and artificial intelligence and the latter has evolved in every sphere of human lives. It is also used in computer games such as chess master. It is capable of making decisions quickly than human.

By the help of simple searches, students are able to explore the variety of new study material present. It might not be possible for an instructor to remember everything present in a material whereas a machine can do it. In cases of bank exams, there are many aspects that need to be learnt by a candidate. In SBI PO, the officer will be taught to work on various categories like finance, accounting, marketing, billing and investing which might take years for some people to master, but a machine can teach you what you want at your own pace. E-learning may be common to most of the teachers, but they may not be aware of artificial intelligence. With the combination of both e-learning and artificial intelligence, it has made easier both for the teachers and the students to grasp a better insight into the learning of various topics. Other than students, teachers also get the chance of exploring every topic in depth and acquire the knowledge for solving any question.

How artificial intelligence helped human beings?

Artificial Intelligence has an immense contribution to human life, and within the couple years, it is going to influence every sphere of human life starting from communication, travel, to online shopping. It helps to give personalized results to the teachers when they are engaged in any classroom program. In any class, there are remedial students, advanced students, meritorious ones and there are different needs for each of them. What AI or Artificial Intelligence does is that adopt every student’s learning method and work according to the needs analyzing both the strength and the weakness of the students.

How AI analyzes students?

Similar to that of human tutors, AI takes in account the capabilities of the student and tries to deliver the result according to the need of the student. It also tries to know about the learning style of the student and give it customized instruction and support pertaining to the subject of need. Previously, the tutors or the teachers were held responsible for any wrong information that they might have conveyed to the students. But according to the present scenario, for any wrong information that the students have incorporated, the Artificial Intelligence cannot be held responsible for the same. The students should be careful while using the AI for fetching different information.

As the AI analyses the performance of students in the examination or assessments, it is able to judge the condition and the confidence level of the student and identifies well the gap in the course content. Therefore, it provides the required gap based on the performance of the student. In case of any incorrectly answered question, the AI marks those question as zero such that educator is able to understand about the level of preparation of the students. The educator shall further focus on the area of improvement that should be provided to the students.

Get meaningful feedbacks via AI

With the aid of AI, students also get the opportunity to get meaningful feedback pertaining to their performance. They might be uncomfortable with receiving any kind of feedback in the public forum, and thus AI is helpful. In addition to this, the AI also helps in grading when is considered to be one of the tiresome tasks. With the usefulness of technology, AI can easily analyze an examination via the answer key provided. They quickly combine the data and results in the performance level of the students.

Eliminating communication and language barrier

Again, with the involvement of Artificial Intelligence, communication has also become advanced as students can expect ready feedback to any of their queries that they post doubt questions on any forum. They can also find out the query with the help of text messaging, and this shall help the learners to prepare themselves for all kind of competencies. If they wish to get relevant information on any particular topic, then they can easily take the help of AI to get ready resources.

The language barrier that takes place between the teacher and the student is also taken care by AI in which the AI understands various languages and has the ability to comprehend the same. Further, it gives outcomes such that the result is understandable by the students well. The interface is capable of understanding various language, noise, and change in the human voice. The interface is also greatly useful in the distance learning procedure. But, the cost of the same might vary.

Bhola Meena has founded 3 major Internet-based companies-GetMeCab, HinKhoj, and OnlineTyari. His latest venture OnlineTyari helps over a million students every month in their government exam preparations. He has 7 years experience as Tech Lead at Microsoft and he is an IIT-Kanpur Alumni.

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Business And Artificial Intelligence Learning

You know when you learn how to grow your business it isn’t just a worthy goal; growing your business is often a necessity for your business’s survival and your economic well-being. And what can you do to get your business beyond the bare sustenance level? What can you do to turn it into the income-generating powerhouse you envision? You can try one or more of these growth strategies. All have been successfully used by other businesses and, with some planning and investment, will work for you.

According to the Project Management Institute, project managers are change agents who use their skills and expertise to inspire a sense of shared purpose on a team. They work well under pressure and can shift between considering the “big picture” and the focusing on the details. A project manager can be an asset on every project that involves multiple people, whether it’s a home renovation project, a small business collaboration or a personal project.

How to Grow Your Business: Tried and True Ways

A good project manager is highly organized and has an exceptional ability to follow through. If you are considering starting a project management business, here is a look at the pros, cons and where you can get more information on how to get started.

When you think about how to grow your business, the first thing that probably comes to mind is getting new customers. But the customers you already have are your best bet for increasing your sales; it’s easier and more cost-effective to get people who are already buying from you to buy more than to find new customers and persuade them to buy from you. See 6 Sure Ways to Increase Sales and 10 Low-Cost Ways to Promote Your Business for more.

The Artificial Intelligence (AI) and Machine Learning are projected to become mainstream technologies in the coming years, and are definitely already having a big impact across many industries. How exactly is this happening? How are Data Scientists using their skills to develop better Machine Learning algorithms? Where are these innovative technologies going in the future? Andrew Charlton an economist and co-founder of AlphaBeta. author of Fair Trade for All, Ozonomics, Man Made World, and Dragon’s Tail, has had a big impact on the Australia’s economy.

And you know with the rise in the implementation and usage of once revolutionary technologies/trends like Big Data, the Internet of Things (IoT), or the Cloud, Machine Learning (ML) and now Deep Learning (DL) are gradually moving into mainstream business corridors. Traditional business graduates can now think of becoming a Data Scientists as well, since many University programs are offering these courses as part of their business curriculums. The modern Data Scientist, armed with the power of an open source, algorithm economy, are becoming important parts of numerous organizations around the world.

The Harvard Business Review article titled How AI Fits into Your Data Science Team claims that Artificial Intelligence and Machine Learning will soon take the status of the ICE engine by bringing in sweeping changes to our everyday lives. The transformative power of AI and ML have already been perceived in customer service (digital assistants), in telemedicine (assisted patient care), in banking and finance (robot sales representatives), or in manufacturing (robot assembly-line workers).

When you move into a business office

Well, as AI technologies gradually started moving toward statistics-enriched solutions, the biggest stumbling block that surfaced was limited data. The recent emergence and rise of Big Data, IoT, and Data-Technologies-as-a-Service all jointly contributed to the meteoric rise of Artificial Intelligence and a widespread, packaged Machine Learning algorithm culture.

And the biggest beneficiaries of this culture are the mainstream business users, who can now begin to accomplish their tasks without the help of a Data Center, and in some cases even Data Scientists. However, the last statement in no way indicates that Data Scientists will soon become redundant. In fact, Data Scientists will be required to intervene when advanced data solutions or unique data solutions must be designed to accomplish complex business goals.

A Forbes blog post titled The Rise of AI Will Force a New Breed of Data Scientists suggests that the new role of the Data Scientist will be more of an facilitator, rather than that of a data cruncher. The Data Scientist may evolve into Machine Learning expert, stepping in when packaged models fails to deliver

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