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The company is currently using analytics software from venture-backed company Aera Technology Inc. to mitigate supply shortages, predict spikes in demand and bottlenecks with about 100 products related to fertility drugs, Mr. de Luca said. It plans to expand the pilot program to its 5,000 products by the end of next year, which will add significant competitive advantage, he said.Read
Aera in Action.
These days, there's nothing simple about supply and demand. With goods being manufactured all over the world, and customers expecting a very personal experience when they purchase goods and services, the idea of an intelligent, efficient supply chain becomes an increasingly vital part of doing business.
Cognitive technologies such as Artificial Intelligence (AI) offer businesses an incredible opportunity to rethink traditional processes. But are AI and intelligent automation different than other enterprise technologies?
How can a large organization use cognitive automation to innovate crucial business processes? For RB, whose products include Lysol and Mucinex, one of the answers was moving away from proprietary IT technology and partnering with companies such as Aera Technology.
Achieving true end-to-end supply chain visibility relies largely on digitally connecting things and data as a first step. Robust, secure cloud technology combined with artificial intelligence (AI) and other emerging technologies are working together to develop next-gen supply chains with a host of features and capabilities.
Aera President and CEO Frederic Laluyaux joins hosts Ray Wang and Vala Afshar to discuss cognitive automation, artificial intelligence (AI) and how large companies are adapting to meet consumer demands.