FourKites announces generative AI solution

FourKites announces generative AI solution

FourKites, a supplier of supply chain visibility, has announced the debut of Fin AI, a new natural language interface that assists its clients in surfacing hidden insights.

Using generative Artificial Intelligence (AI), FourKites is making significant progress in eliminating omnipresent data silos, paving the way for a breakthrough technique of exploring, monitoring, and leveraging supply chain data for real-time, data-driven decision-making.

Fin AI’s natural language interface, built on an industry-leading language model (LLM), reveals insights from FourKites’ enormous data network, enabling customers to analyse the effect of disruptive events on their supply chain and swiftly pinpoint impacted shipments and take action.

Furthermore, it enables FourKites’ customers to swiftly diagnose why a shipment isn’t tracking and bring it online to boost visibility throughout their network, while also gaining product advise across the whole product suite and distilling the most important information into just a few phrases.

READ: Mitsui splashes out $10 million to extend FourKites coverage in APAC

FourKites Founder and CEO, Mathew Elenjickal, said: “FourKites is proud to be building at the leading edge of supply chain data and AI.

“With Fin AI, we are giving our customers greater depth and breadth of actionable insights across their supply chains, further empowering them to focus on the information and decisions that will move their businesses forward. Over time, automation through Fin AI will act as a direct extension of the capabilities of those who use it.”

FourKites forecasts that Fin AI will help consumers uncover chances for optimisation in labour, transportation, inventory, and other areas in the future, as well as automate time-consuming operations.

READ: FourKites, Gravity join forces for real-time supply chain visibility

Brett Frankenberg, Senior Vice President, Technology, Process, & Systems, Coca-Cola Consolidated, stated: “The biggest advantage we can give to logistics professionals right now is enabling them to eliminate time-consuming workflows and empowering them to leverage data to make smarter and faster decisions.

“With the launch of Fin AI, FourKites puts the breadth of its data at users’ fingertips, giving them the opportunity to focus on higher-value tasks and drive proactive change across their supply chain.”

In June 2023, FourKites unveiled new data showcasing positive developments in shipments between Mexico and the US.


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