Resilinc’s EventWatch platform alerted customers to 7,929 potential supply chain disruptions (a 46% year-over-year increase) with the life sciences, healthcare, high tech and automotive industries being most impacted, according to Resilinc research.
“To ensure supply chain resiliency, companies need to be able to detect disruptions promptly, understand the impact and act quickly. Our technology allows just that. Leveraging 12 years of rich, annotated news, we have trained the EventWatch to sift through billions of data sources, flag relevant events and alert customers about a potential disruption. Through the power of reinforced learning, the AI continues to get smarter as it processes a continually increasing volume of news,” says Sumit Vakil, chief product officer and co-founder of Resilinc.