He said more accurate demand forecasting requires highly scalable computing resources — and those are only available via the cloud. “If you only have the data stored locally, you probably won’t have all the computing resources to actually run those sophisticated AI/ML and data mining models,” Yang said, adding “cloud computing can facilitate information sharing between different parties along the supply chain” for greater efficiency.
Cloud computing can ensure multiple parties have access to the same data at the same time and therefore supply can be better matched to demand.
Starting July 20th, the full version of Luyi Yang’s fireside chat, along with more than 40 hours of educational content on supply chains and more, will be available for free to all conference attendees and Acceleration Economy subscribers. Click here to sign up for your free on-demand viewing pass.
All images by Don Feria.
