Philippe Thys - Tangent Works
Manufacturing & Natural Resources
Supply chains are under continuous pressure to maintain or improve their market position. The digital revolution lead to a surge of digital transformation initiatives as well as the emergence of new players who leverage new technological innovations to create new business models that trigger a tidal wave of disruptive contenders in an already highly competitive world. The speed of innovation leads to unprecedented dynamics; only the most agile supply chains are able to (re-)act and adapt. As a result of these new dynamics, traditional mid- to long-term strategies must be reviewed and adapted at a higher frequency. Evaluating the impact of market disruption, both from the demand and the supply side, requires advanced intelligence and analytics that can be set up and reconfigured rapidly to evaluate risk and discover opportunity. Traditional AI, and even automated machine learning approaches are expensive, slow and difficult to adapt to support the agility and velocity required to keep your business on track on the short and the long term. By combining business data and market prognosis scenarios with real time instant machine learning, organisations can create new, improve existing, and evaluate more what-if scenarios and simulations for strategic planning and business transformation. Some example of business strategy planning processes that benefit from InstantML forecasting are strategic budgeting exercises, business transformation and design initiatives, strategic product lifecycle planning and optimisation, and the product and product maintenance design process.
TIM (Real Time) Instant Machine Learning can be used to complement what-if and simulation scenarios for budget exercises, adapting maintenance for product support strategies, run forecasting and anomaly detection on digital twins in product design, do risk assessments in your business transformation process, etc. With TIM users can shorten the time to run and compare scenarios, include different future market projections as predictor candidates and easily interface with simulation tools.
Typical inputs for this use case include historical demand, supply, production, prices, costs and strategic performance data, complemented with external data concerning weather, sales periods, global and regional disruptive events, sales campaigns, product introduction information, etc. In return, TIM’s output consists of middle to long term time series forecasts on budget, sales, etc.