AN ARTIFICIAL intelligence platform monitoring risks in real time across the globe may seem like something out of a Bond movie, however one is in development and likely to be launched soon.
Professional services company KPMG are not only offering advice to clients regarding this next wave of digital technology they are actively investing in it as well.
On display at the KPMG IoT Innovation Expo for Smart Food and Fibre, held last week in Melbourne, was the KPMG artificial intelligence data analytics platform, Arwin.
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KPMG, senior consultant internet of things (IoT), Tom Lyons said Arwin could be used for a variety of businesses to assess financial, geopolitical, operation or natural risks across multiple assets.
“An example might be biosecurity,” he said.
“It shows you at a global level what are your key risks affecting your operation on a areal time basis. “
Mr Lyons said users are given information on current risks, what the cost to the business could be and most importantly how loss could be mitigated.
“For instance, in our example scenario, two major suppliers might be red-flagged for foot an mouth disease, you can see there are five other suppliers and check what their risk history is, previous dealings and how many cattle they have on hand,” he said.
Mr Lyons said Arwin had been in development for the last 18 months.
“We have done proof of concept with some companies, including Johnson and Johnson,” he said.
“We are hoping to roll it out to clients in the near future.”
Mr Lyons said Arwin allowed global suppliers to track and manage their entire supply chain.
“You can see a risks potential effects at each level, each country has it’s own risk rating that is updated in real time by sensors, government websites, the World Health Organisation and other methods,” he said.
“It ingests multiple sources of data including IoT, social media, call centres and other sources then integrates it onto the one platform to give you high level insights at each level.
“You don’t need to see where all the data is coming from, just the insights that are coming out of it.”
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