Supply chains can enhance forecasting, planning and decision intelligence with Ikigai’s enterprise AI and enVista’s proven implementation expertise
INDIANAPOLIS (December 9, 2024) enVista, a leading supply chain and enterprise solutions provider, today announced a strategic partnership with Ikigai Labs, a pioneer in enterprise AI for tabular, time-series data. This partnership empowers supply chain leaders to unlock the full potential of AI-driven forecasting, scenario planning and decision intelligence, combining enVista’s proven expertise and implementation prowess with Ikigai’s cutting edge large graphical model (LGM) AI platform. Together, enVista and Ikigai aim to revolutionize supply chain agility and performance for enterprises navigating a complex, fast-changing landscape.
In today’s uncertain business environment, supply chain leaders face challenges ranging from unpredictable demand fluctuations to increasing external disruptions. Ikigai’s patented Large Graphical Models provide organizations with the ability to model, evaluate and reconcile relationships across every internal and external time series data rapidly, even with limited or sparse data. This predictive power enables organizations to respond faster to real-time variables, generate explainable AI-powered forecasts and develop actionable scenario plans that improve accuracy and agility.
As a trusted partner, enVista brings more than 20 years of supply chain expertise to ensure seamless integration of generative AI into existing systems and workflows. enVista’s Consult, Implement, Operate methodology delivers end-to-end support, enabling clients to deploy Ikigai’s AI solutions effectively while driving measurable operational improvements.
enVista’s CEO, Jim Barnes, said, “Generative AI is providing supply chains with more efficiency and data-driven insights than ever before. With this partnership, we look forward to bringing these cutting-edge advancements to our clients. By integrating Ikigai’s industry-leading AI solutions with our extensive supply chain expertise, we can significantly enhance our clients’ operational performance and drive transformative improvements across their supply chain processes.”
“Traditional methods of forecasting and planning struggle to meet the demands of modern supply chains. By partnering with enVista, we’re combining the power of Ikigai’s enterprise AI platform for time series and tabular data with enVista’s deep supply chain knowledge and proven implementation framework,” says Vinayak Ramesh, Co-Founder and Chief Customer Officer of Ikigai Labs. “This partnership equips organizations to anticipate disruptions, optimize processes and turn complex data into clear, actionable insights, delivering a significant competitive advantage.”
enVista and Ikigai are helping enterprises future-proof their supply chains by embedding advanced AI capabilities into core operations. Whether managing disruptions, optimizing inventory or realizing collaborative decision-making, businesses can achieve actionable outcomes through this partnership.
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