New York-based risk management company Exiger this week launched a new supply chain risk monitoring service, designed to incorporate a wide and customizeable array of data sources into its calcluations.
The company’s Supply Chain Explorer is a fully as-a-service offering – users don’t have to host it in their data centers or run it on a dedicated appliance. The idea is to track a company’s supplier network through online digital footprints, shipping data and contract information to provide a close to real-time picture of potential disruptions in the user’s supply chain.
The system works by scanning public data sources, social media, and a host of other datasets for keywords specific to companies that form part of the user’s supply chain. That data is then processed by a proprietary AI, which identifies potential impacts to the supply chain – for example, if a supplier company makes headlines for production defects or some such, the system can flag this to the user so that alternative arrangements can be made.
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