Monthly Archives

October 2021

Analytics As a Service for the Supply Chain and Logistics Industry

By | Blog

Logistics and supply chains have been the backbone of the world economy for years. The recent digitalization has changed its processes, methodologies and legacy systems to new generation high tech capabilities. With massive digital transformation comes massive data. The supply chain and logistics service providers must benefit from the analytics, from this data to improve services and stay ahead of the competition.

Analytics can be used at each level of the supply chain and logistics. The main thing that makes analytics very usable is the amount of data generated by any logistics and supply chain operation. The decision at each stage is crucial as wrong decisions can hamper the whole chain. Using analytics embedded with AI and ML can help companies in different ways to boost productivity and profits. Below are some of the areas where Celbridge Science has helped its clients achieve higher productivity and profits with the power of analytics as a service.

1. End To End Process Analytics

From sourcing to the last mile logistics, Analytics can help get better insights about end-to-end processes. With data interpretation of real-time data and predictive analytics, one can get accurate predictions related to maintenance of systems, vehicle fleet, and unplanned requirements. Also, Big Data analytics can help mitigate operational risks using diagnostic analytics and provide possible solutions with the help of prescriptive analytics before time.

2. Demand Forecasting

Big data analytics with predictive analytics based on the AI and ML models helps demand forecasting for supply chains. Celbridge has helped its client with its customized data analytics services to forecast demand related to sourcing, inventory and logistics management and more. Our AI programs convert this data into actionable insights, further enhancing decision-makers’ ability to make forecasting decisions. With better demand forecasting, costs are optimized, resource wastage is reduced, which results in higher profits.

3. Optimization

With loads of GPS and routing data, companies can optimize transportation routes with the help of real-time analytics. This helps to reduce transportation distance, saving fuel costs. Our Analytics Solutions are well crafted for providing automated insights for optimization. With defined KPIs for departments like warehousing, transportation, supplier management, and areas like reverse logistics, which is a costly and time-consuming area. For every purpose, we provide all the optimization analytics insights. Hence, you focus on the core business and get rid of high costs, faulty and time-consuming processes with the help of decision-making, aiding optimization.

The future of logistics is digital and many of the current manual processes will be automated with time and generate tons of data that needs to be used wisely. To be ready for this future, supply chain and logistics companies need to incorporate data analytics as a service in their end-to-end operations.

Please check out at Celbridge Science. To connect with us at patrick.hogan@celbridgescience.com or call us anytime on 636-594-2242.

Hyper Automation in the Healthcare Industry

By | Blog

Many organizations that were falling short of digitized methods struggled during the sudden onset of an epidemic. The number of people who needed proper treatment and healthcare assistance was humongous and was unexpected too. This is one of the scenarios that emphasize having an advanced automation technology in place that can handle increased demand in the healthcare industry and pharmaceutical companies and provide top-notch healthcare to every proper enrollment.

Good-to-know facts about Hyper automation technology

Hyper automation stands at the first position on Gartner’s Top 10 Strategic Technology Trends for 2020. Well, Gartner refers to it by the term Hyper automation, but what exactly does it mean? Hyper automation encompasses advanced automation technologies like RPA, Artificial Intelligence, Machine learning, etc., to discover, design, analyze, monitor, measure, and automate various tools to enhance human augmentation. To cope with the superior intelligence human beings possess, hyper-automation is curated with a combination of specific practical tools like RPA, process management, case management, IBPMS, etc.

Need for hyper-automation in the healthcare industry

In today’s world, where we deal with a pandemic, speedy and effective measures are essential in drug production, handling vast volumes of data, detecting diseases, and performing administrative tasks. Advanced automating software and tools can lead to more significant innovations and developments in less time and is highly cost-effective than outdated computing methodologies. Voice biometrics technology, AI chatbots, Big data analytics, etc., are just a few hyper-automated tools that eliminate some of the severe challenges faced by the medical industry.
A recent study shows that in India, approximately 5.2 million medical errors occur every year. Hyper Automation involves the implementation of robotic process automation (RPA) to get rid of these errors that are often caused by human interventions.

On a positive note, studies show that “The Hyperautomation Market is estimated to grow at a rate of 18.2% in the forecast period and is expected to reach a value of USD 22.84 Billion by 2027.” as per a journal published by Emergen research.

Significant challenges faced by the healthcare industry

The healthcare sector is in constant need of hyper-automation technologies in the following areas:-

  1. Effectively storing and regulating vast volumes of data
  2. To have strong coordination among the advanced tools, implemented
  3. Data privacy and security systems that could be hampered by human interference

Here are some of the critical benefits of hyper-automation in the healthcare industry:-

  1. Efficiently handles the tedious administrative tasks with greater accuracy
  2. Invoice and insurance claims are settled promptly, without delay
  3. Prescriptions, discharge summaries, and follow-ups can be automated
  4. Audit processes that involve days and months of backend works can be minimized
  5. Fully computerized systems leave no room for human errors
  6. Exceeds in the quality of service and patient experience

Summary

As the population increases tremendously, the need for technologies that simplify sophisticated medical tasks goes up, and hyper-automation becomes an ultimate solution to the operational difficulties in the healthcare industry. In the upcoming years, machines tend to take over the industry, providing the most proper data management, billing severe, detecting diseases and performing enrollment and appointment tracking that eases human life. We are bound to have the best medical experiences ever.

Please check out at Celbridge Science. To connect with us at patrick.hogan@celbridgescience.com or call us anytime on 636-594-2242.