Ann Arbor’s LLamasoft, a company in enterprise decision solutions, has announced the release of its llama.ai platform. Delivered via software-as-a-service, the platform provides an artificial intelligence-powered enterprise-scale decision platform for companies.
The platform uses operations, machine learning, optimization, and simulation algorithms to generate insights, develop predictions, and provide answers to users across a company. It offers three analytics capabilities designed to accelerate and democratize decisions:
- Digital twin – A digital representation of the end-to-end supply chain offers llama.ai users the ability to explore options, assess risks, and evaluate trade-offs across business functions.
- Algorithm library – Supply chain algorithms including the ability to add custom algorithms allows users to provide new ways to answer complex questions.
- App studio – A tool to develop personalized applications allows business users to more easily use algorithms, analyze specific business questions, view new data insights, and assess predictions and recommended actions.
These capabilities allow users to gain an understanding of supply chain performance and potential, the ability to run business scenarios, and use a no-code app development architecture.
“Traditional supply chain planning and execution systems have existed for many years, and while they’ve added value, we still find that Microsoft Excel is the single most dominant supply chain decision making tool,” says Razat Gaurav, CEO of LLamasoft. “Our new platform, llama.ai, harnesses the power of AI to create new insights, make better predictions, and prescribe the best options to achieve desired business outcomes.
“By leveraging the llama.ai digital twin, enterprises gain a clear understanding of impacts across multiple business functions and can leverage internal and external data in new ways to improve decision making. This not only helps businesses maximize on their investment in traditional systems, but it brings the revolutionary impact of AI directly to the decision makers who need it most.”
LLamasoft partners have begun using the platform.
“There is a lot of energy and discussion around digital decision making,” says Nick Banich, head of supply chain transformation North America at Miebach Consulting, which uses the platform. “When we look at projects for planning or demand, we see that human bias often makes things less accurate. Now, with LLamasoft’s AI capabilities and the digital twin, we can have an accurate look at inventory, transportation, and planning because our customers can look at solutions more holistically across their ecosystem.”