The global cognitive supply chain market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2023-2030). With growing complexity in the supply chain and the need for cost reduction and operational efficiency, end-users and technology companies are increasingly collaborating which is driving the overall cognitive supply chain market. For instance, inJune 2023, Accenture announced an expansion of its strategic partnership with Amazon Web Services (AWS). Under this collaboration, Accenture, and AWS, operating through the Accenture AWS Business Group, will make multiple strategic investments. These investments aim to develop industry-specific and cross-industry solutions, along with pre-built models and training programs. The goal is to assist clients in quickly transitioning from experimental phases to responsibly deploying generative Artificial Intelligence (AI) technologies on a larger scale within their organizations. These strategic investments are designed to accelerate innovation, enhance efficiency, and resilience, and improve interactions with customers and employees, leading to transformative effects across various industries. With AWS's machine learning (ML) and AI technologies, these investments will extend into areas such as financial services, life sciences, customer support, supply chain, cybersecurity, and more. Additionally, in March 2023, The EY organization announced a collaboration between o9 Solutions, a provider of advanced planning and supply chain management software, and Ernst & Young LLP (EY US). This collaboration aims to deliver supply chain planning solutions utilizing AI/ML big data, and cloud computing.
Browse the full report description of “Cognitive Supply Chain Market Size, Share & Trends Analysis Report by Technology (Artificial Intelligence (AI)/Machine Learning (ML), Internet of Things (IoT), Others(Natural Language Processing (NLP), Blockchain)), by Deployment (Cloud and On-premise) and by End-User Industry (Manufacturing, Retail & E-commerce, Logistics and Transportation, Healthcare, Food and Beverage and Others (Automotive, Energy)) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/cognitive-supply-chain-market
Apart from this, with growing demand, technology companies are also focusing on product portfolio expansion focused on the supply chain management industry. For instance, in April 2023, Oracle Supply Chain Planning introduced AI-driven lead time estimates, utilizing machine learning to enhance the precision of lead time assumptions. According to the company, this feature is integrated into the Planning Advisor, which identifies lead time trends, anomalies, and their potential impact, providing prioritized actions and resolution suggestions. This enhancement aims to improve planning efficiency and results by leveraging actual performance data to highlight variances.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Technology
o By Deployment
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- The major companies in the global cognitive supply chain market include Accenture plc, Amazon.com, Inc.,Blue Yonder Group, Inc.,and C.H. Robinson Worldwide, Inc. among others.
Key questions addressed by the report.
Global Cognitive Supply Chain Market Report Segment
By Technology
By Deployment
By End User Industry
Global Cognitive Supply Chain Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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