E-Business Nexus

Internet of Things for inventory monitoring

Artificial intelligence for asset tracking and inventory management

The combination of Internet-of-Things, the use of Artificial Intelligence and a platform like Microsoft Azure only makes sense in the business environment. Thanks to the wealth of information provided by mass sensors through the Internet of Things, business processes can be completely redesigned and implemented. This creates enormous potential and competitive advantages.

What challenges are resolved:

Information in real time

With video analytics and RFID, a real-time inventory query can be performed. This information can then be processed into suitable high-performance systems for big data and made available for suitable queries. Automated thresholds and alerts inform the people in charge directly and at any time.

Forecasts for the development

On the basis of complex pattern recognition, external as well as own historical data, predictions with a high probability of occurrence can be created. Artificial Intelligence manages to generate forecasts in real time, which otherwise took several days in the company with less good accuracy.

Recommended action up to automation

On the basis of the information and forecasts, recommendations for action can be made and possible development scenarios simulated. The processes can be designed and automated so that logistics, inventory and shipping are performed on these recommendations. Possible results are ideal filling of the warehouses and meaningful loading of suppliers with the highest possible just-in-time delivery.

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