Category Archives: Artificial Intelligence

Supplier Relationship Management & Machine Learning

supplier relationship management machine learning

Supplier relationship management (SRM) is the process of managing supplier relationships to develop and maintain a strategic procurement partnership. SRM includes focus areas such as supplier selection, procurement strategy development, procurement negotiation, and performance measurement and improvement. SRM has been around for over 20 years but we are now seeing new technologies such as machine learning come into play. What exactly does advanced analytics such as artificial intelligence (AI) / machine learning (ML) have to do with SRM? And how will AI/ML technologies transform procurement? What are some real-world machine learning use cases related to supplier relationships management? What are a few SRM KPIs/metrics which can be tracked by leveraging …

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Posted in Artificial Intelligence, Data Science, Machine Learning, Procurement. Tagged with , , .

Artificial Intelligence – Where to Put Your Time & Money

As I looked around some of the artificial intelligence (AI) related acquisitions in last few years, I got convinced, at least, on the fact that majority of large companies such as Google, Facebook, IBM are seeing various different artificial intelligence topics to play a key role in impacting end users’ life (and hence, developers) in the future. With that as the background, it gave me good enough reasons to start doing research in relation with following: As students, what topics of artificial intelligence should they take up as one of their computer science courses while ¬†selecting under-graduate & post graduate courses? As developers/programmers, what topics of artificial intelligence should they …

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Can Artificial Intelligence be the Next Big Bet for Developers?

The article presents an analysis on what’s trending in the world of artificial intelligence thereby providing food for thought for the developers if they would want to bet on engineering field such as artificial intelligence and develop their expertise around that. What is Artificial Intelligence? Artificial intelligence (AI) is the intelligence exhibited by machines or software, and the branch of computer science that develops machines and software with human-like intelligence. Read further on the Wikipedia page.¬†In this article, we shall primarily focus upon the software that could have human-like intelligence. Following are some of the characteristics of AI-based software: Maintain ontology of knowledge representing concepts and their relationships. Should have …

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