Supply Chain Risk Insights Powered by Watson?

Category:

Other Courses

Where | When:

Online | Jun. 01, 2017

Description:

How do supply chain leaders know when to take costly risk mitigating actions to recover from the impact of a natural event (ie. a hurricane or earthquake) and when can they simply take caution, but no action?

Managing global supply chains can be a risky business. The race for leaner supply chains has placed supply chain sites and suppliers in some unstable regions of the world. Events ranging from major hurricanes to social unrest and epidemics, threaten to disrupt the delivery of products and services. Risk Insights is a threat visualization service which uses the power of Watson to help supply chain leaders mitigate risk. Risk Insights utilizes news, weather event and social media data using Watson technologies to delivers new insights to IBM Risk Analysts on Bluemix. Data is ingested from dozens of real time reports ranging from the TWC to Twitter feeds from the National Hurricane Center. The trajectory of each named storm is monitored and displayed on Risk Insights. The storm track is supplemented with hourly analyzed news about the climatic event as it occurs. Risk analysts get the latest view of typhoons and hurricanes and are alerted when these intersect with their supply base.

Objectives:

  • Automated storm tracking, visualization, and risk assessments speed decision-making to minimize impact
  • Automated monitoring of impactful news events and social media feeds
  • Geospatial visualization of internal and external operations and supply chain locations
  • Extendable to other risk events, for example, strikes, conflicts, geo-political events, epidemics, and natural / man-made disasters
  • Risk mitigation workflow based on analytics
  • Share best practices for developing and deploying an supply chain cognitive service

Url:

http://www.smta.org/education/presentations/presentations.cfm#IBM

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