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Showing posts with the label Developing Resilient Supply Chains

What is IoT (Internet of Things)? Explained

In today's world everything is becoming smart - smartphones, smart TVs, smartwatches, smartlights and even smart cars. But have you ever wondered how these things become smart? There is only one technology behind all these which is called IoT (Internet of Things) . If you also want to know what is IoT, how does it work, what is its importance in our life, its advantages, disadvantages and what will be the future , then this blog is for you. Here we will explain IoT in simple and long Hindi. What is IoT (Internet of Things)? IoT means - Internet of Things. It is a network in which different devices (like mobile, TV, watch, bulb, fan, car, fridge etc.) are connected to each other through the internet and talk to each other. In simple words - when a simple device connects to the internet and starts sending, receiving and processing data, it becomes a part of IoT. Understand IoT with a simple example There is a smart bulb installed in your house, which you can switch on and...

The Role of AI in Developing Resilient Supply Chains

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The global supply system has grown more intricate and susceptible to interruptions from pandemics, natural catastrophes, and geopolitical unrest. Organizations are using artificial intelligence (AI) to reduce these risks and improve resilience. Businesses may create more resilient and flexible supply chains by utilizing AI-powered technology to automate procedures, make data-driven choices, and obtain insightful information. AI's Principal Contributions to Supply Chain Resilience: 1. Predictive analytics Demand Forecasting: To precisely forecast future demand patterns, AI systems may examine past data as well as outside variables. This makes it possible for companies to optimize resource allocation, manufacturing schedules, and inventory levels. Risk assessment: AI-driven technologies are able to recognize possible hazards including natural disasters, geopolitical unrest, and supply interruptions. Businesses can create backup plans and lessen possible effects by proactively evalua...

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