![]() ![]() While both tools combine cognitive and cloud computing with big data analytics to improve visibility into physical and digital supply chains and provide supply chain leaders with predictive guidance, WSCI currently includes an abridged subset of the full in-house Risk Insights solution. #ALCHEMY DATA NEWS IBM WATSON NEWS EXPLORER FULL# The journey has taken the company from manually searching for information on potential disruptions (natural disasters, social and political unrest, pandemic disease and labor strikes) and conducting basic supplier risk assessments (financials, single/sole sourced, etc.) to employing Watson’s massive computing power and artificial intelligence capabilities to analyze terra bytes of data and distribute these data sets, at scale, in real-time, Ferretti noted. With these insights, IBM is able to more proactively mitigate risk and optimize its massive supply network, which today spans 17,000 suppliers across 100+ global markets and accounts for $30 billion in direct and indirect spend. Supply Chain Risk Insights includes application program interfaces (APIs), Watson Explorer, Natural Language Classifier and Alchemy Data News, and is further supported by the supply chain risk management and analytics functionality from Resilinc Corp. Since climatic events (storms, etc.) tend to be the dominant source of disruptions throughout IBM global supply network, Ferretti noted, the company has taken a particularly keen interest in tracking weather, as was demonstrated by its acquisition of The Weather Channel’s historical forecast data and analytics databases in October 2015. While the purchase baffled many at the time, IBM’s end game has become clear. TWC’s data provides IBM’s risk analysts a deeper view into meteorological data, improved forecasting capabilities and a technology platform that analyzes and distributes enormous amounts of real-time data sets. ![]() Risk Insights consumes TWC Data-as-a-Service (DaaS), allowing users to integrate historical and real-time weather data, roll it up to a cloud-based application and get detailed visualizations of what supply chain operations will be affected, explained Ward. Other data sources for Risk Insights include IBM’s internal enterprise systems, real-time reports from the Global Disaster Alerts and Coordination System (GDACS), Twitter feeds from the National Hurricane Center as well as an assortment of unstructured data sources, including news feeds, social media, videos and trading partners’ systems. #ALCHEMY DATA NEWS IBM WATSON NEWS EXPLORER FULL#. ![]()
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