Amid discussions on the sustainability of artificial intelligence (AI), industries like supply chain and logistics are proving its legitimate applications. Companies such as Flexport and Uber Freight create AI solutions that attract major clients, while smaller businesses benefit as well. Notably, Netstock, an inventory management firm, introduced the “Opportunity Engine,” a generative AI tool that integrates with existing dashboards to deliver real-time inventory recommendations. This has reportedly saved clients thousands, with 75% receiving suggestions worth over $50,000.
Despite initial skepticism from established firms like Bargreen Ellingson, which feared disruption, the tool has empowered employees by simplifying data analysis. Netstock’s approach combines a wealth of protected data and reinforcement learning, avoiding the pitfalls of mediocre AI products. As businesses gradually embrace AI, concerns about job displacement persist, highlighting the need for expert knowledge in navigating this transformative technology. Overall, the solution marks a balancing act between technology adoption and maintaining human oversight.
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