For businesses today, artificial intelligence (AI) is no longer a buzzword – it’s a reality. According to Nicole Büttner, Founder and CEO of Merantix Momentum, “AI is here to stay, it’s going to be as big, or probably bigger than the internet.”
Global supply chains in particular have a lot to gain from AI’s impact. Nicole explains how AI innovation can connect the different parts of the value chain in the supply chain.
For AI to work effectively in any organisation, there needs to be practical use cases and real business value. “It’s not only cool to use this technology, it has to make sense for your business. You have to have a real business impact and be able to amortise investment within reasonable time” says Nicole.
Specific to global supply chains, Nicole discusses the AI use cases for warehouse and logistics managers. Warehouse managers are concerned with reducing transit and fulfilment times and gaining overall operational efficiency. While logistics managers are trying to improve on time delivery, optimise fleet management and understand traffic conditions. AI can help with all these tasks and more.
Nicole believes one of the most exciting developments in the AI space is generative AI – tools like Chat GPT and others that can help create content, including text, imagery, audio and synthetic data. It enables people to interact with AI in a very organic way. “You can just type in natural language and get an answer and it feels like a conversation, and that’s empowering” says Nicole. Generative AI allows more people to build applications and create the tools they need to work more effectively. “You don’t need to be a coder.”
Nicole sums it up by saying “AI is here to stay. It's like electricity, it's like the fire. You have to get used to it. It'll change every single organisation.”
Miya Knights, Retail Technology Magazine publisher, author, and expert believes we’ve only scratched the surface when it comes to the possibilities of artificial intelligence (AI) in the retail space.
05/09/2023
For businesses today, artificial intelligence (AI) is no longer a buzzword – it’s a reality. According to Nicole Büttner, Founder and CEO of Merantix Momentum, “AI is here to stay, it’s going to be as big, or probably bigger than the internet.”
22/08/2023
In this episode of Thought starters Matthias Winkenbach, Director of the MIT Megacity Logistics Lab and the MIT CAVE Lab explores how businesses can master last-mile logistics within urban environments.
The future of retail can be described in one word – blended. Natalie Berg, retail analyst, author and founder of NBK Retail explains how physical and digital retail are combining to provide the best experience for consumers.
The definition of a successful city has changed over time as cities have evolved. So how are the cities of today changing? Prof Greg Clark, Group Advisor, Future Cities and New Industries at HSBC explains.
In this episode of Thought starters, Travis Erridge, Founder and Director of TMX (formerly TM Insight) takes us through the fundamentals of supply chain success.
In this episode of Thought starters, Lawrence Goldstone, Partner at PwC and leader of the Future Work practice explores the purpose and role of the office.
In this episode of Thought starters, Tim Williams from ARUP and Director at Publicani explores how younger generations are inspiring change in global cities with their purchases.
Digitisation and decarbonisation have both now become drivers of change for our cities. Prof Greg Clark, Urbanist and Senior Advisor on Future Cities, explains how.
As an expert on Gen Z and millennials, Ashley Stahl shares how you should be communicating, marketing and working with the next generation in this Thought starters episode.
