Sustainable Supply Chain
AI and Data: The New Powerhouses of Sustainable Supply Chains with Ganesh Gandhieswaran
Nov 11, 2024
Ganesh Gandhieswaran, Co-founder and CEO of ConverSight, shares insights on how data analytics and AI are revolutionizing sustainable supply chains. He discusses the opportunities and challenges of integrating data across global suppliers while emphasizing the need for quality and consistency. Ganesh sheds light on predictive analytics' role in managing sustainability efforts and visualizing complex metrics. He highlights the shift towards a circular economy and calls for collective action in addressing resource consumption challenges, showcasing technology's potential to drive eco-friendly practices.
42:36
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Quick takeaways
- AI and data integration offer companies valuable insights for managing sustainability targets, enhancing resource usage and carbon emissions tracking.
- Effective data integration and visualization are crucial for overcoming challenges in establishing a successful circular economy within supply chains.
Deep dives
Evolution of Data Storage and Analytics
Data storage capabilities have dramatically increased over the past decade, with five terabytes now considered a standard rather than a significant challenge. The decline in cloud storage costs has enabled companies to collect vast amounts of data from various sources, particularly sensor data from machinery and IoT devices. This influx of data creates opportunities for startups specializing in analytics to offer insights that enhance decision-making. Harnessing this data allows businesses to improve supply chain visibility, inventory optimization, and sustainability metrics, all of which are crucial for modern supply chain management.
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