LLamasoft unveils llama.ai, an AI-based smart decision making platform
Category: #technology  By Hrishikesh Kadam  Date: 2020-01-29
  • share
  • Twitter
  • Facebook
  • LinkedIn

LLamasoft unveils llama.ai, an AI-based smart decision making platform

In today’s ‘never normal’ business environment, staying on top requires a dramatically different approach to tackling challenges and making decisions smarter and faster. Conventional supply chain planning and execution systems have been effective for many years, however, the implementation of artificial intelligence (AI) could help decision makers achieve better business outcomes.

Ann Arbor, Michigan-based software firm LLamasoft has recently unveiled its new llama.ai platform. The AI-based enterprise-scale decision platform is delivered via a software-as-a-service (SAAS). Apparently, it combines machine learning, optimization and simulation algorithms to develop predictions, generate insights, and prescribe the best options to business users within an organization.

The llama.ai platform would enable businesses to better analyze the impacts across carious multiple business functions, said LLamasoft CEO Razat Gaurav, adding that enterprises can leverage internal and external data in new ways to make smart decisions faster.

Some companies in LLamasoft’s extensive partner network have already been deploying the platform. One such firm is Belcorp, a vendor of cosmetic and personal care products based in Peru. The company has been one of the early adopters of llama.ai.

LLamasoft’s llama.ai platform, according to Gian Paolo Gandini, Corporative Sourcing Director at Belcorp, has enabled the company to optimize its supply chain by making faster and smarter decisions.

Also read: ServiceNow acquires Loom Systems to enhance AIOps capabilities

Sources familiar with the matter reported that Belcorp uses the platform to manage global supply and distribution network with over a million beauty consultants.

llama.ai offers three unique analytic capabilities to users, which are:

  • Digital Twin – It offers a digital representation of the end-to-end supply chain to users, providing them the ability to explore more options, asses risks, and analyze trade-offs across business functions.
  • Algorithm Library – A collection of purpose-specific supply chain algorithms with the ability to add custom algorithms and offer new ways to answer complex questions.
  • App Studio – Allows users to develop more personalized applications. Businesses can more easily leverage advanced algorithms, assess predictions, evaluate specific business questions, and recommend actions.

These analytic capabilities apparently enable them to gain a clearer understanding of supply chain performance and potential. The platform’s no-code app development architecture provides the ability to run multiple business scenarios and operationalize decisions.

 

Source credit: https://finance.yahoo.com/news/llamasoft-launches-ai-powered-enterprise-031700059.html

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Hrishikesh Kadam    

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowl...

Read More

More News By Hrishikesh Kadam

Convergency enables remote analytics and cloud for healthcare sector
Convergency enables remote analytics and cloud for healthcare sector
By Hrishikesh Kadam

With millions of people and companies working remotely due to the coronavirus outbreak, it is crucial that data can be made widely available and easily shared. IT & consulting services firm Convergency LLC has launched an advanced, cloud-based te...

Toshiba unveils efficient power MOSFETs for industrial equipment
Toshiba unveils efficient power MOSFETs for industrial equipment
By Hrishikesh Kadam

A flourishing consumer electronics industry has propelled the demand for semiconductor technologies, including MOSFETs, with greater power density, compact package sizes, higher energy efficiency, and better operational reliability. It looks like Ja...

Prisma Health unveils ventilator extension device for COVID-19 patients
Prisma Health unveils ventilator extension device for COVID-19 patients
By Hrishikesh Kadam

The ongoing COVID-19 outbreak had resulted in a massive demand-supply gap for ventilators, ventilator accessories, and other respiratory equipment. Ventilator shortage is more acute in states like New York, California, and Washington. To address thi...