Artificial Intelligence (AI) for Supply Chain Industries and the Future It Holds!

Abstract

Artificial Intelligence is a BUZZ in today's world and is considered to be the top-notch digital disruption in the next 10 years or so. But, the question remains, are we ready for it yet? Do we need more time before we understand what it can do for us or should I say what it can do against us? There are several discussion points which brings good and the bad's about each technological disruption. AI is not a magic show, it has been around for ages, its just that we did not see it earlier due to lack to our precision handling and lack of data which was very acute in the older days when the data was not available to process the information and build the history. But today there are infrastructure in place which can cut through the data and can build many algorithms and multiply in itself. That is MACHINE LEARNING for you, but how much do we understand it, and do we understand the implication of Machine Learning or the AI for the Supply Chain Industries. This paper will go through the applications of AI in use, its advantages and Disadvantages, How Industrial Revolution 4.0 is getting impacted with the AI Evolution, Industrial Use cases and what Industry experts think about the AI Evolution on the global level.