Oct 05 2023 46 mins
How do you make your supply chain resilient to crisis and market changes?
Small or medium business owners have a hard time adapting to demand spikes or supply chain shortages.
AI can turn these challenges into opportunities and give your company a competitive advantage.
In this episode of the AI and Digital Transformation Podcast by G.M.S.C. Consulting, we talk with Hugues Foltz, the Executive VP of Vooban, on how they helped a major Canadian stove family business thrive despite the pandemic and the Ukrainian war using AI.
Listen to this episode and learn how to master your supply and demand using an AI-powered sales prediction tool.
Who is Hugues Foltz?
Hugues Foltz has been supporting companies in the development and execution of their digital transformation for more than 20 years. In 2018, he became co-owner and executive vice-president of Vooban, a firm recognized for its expertise in artificial intelligence and the development of custom software solutions.
He is recognized for his ability to tackle business issues and challenges, which allows him to offer pragmatic innovation roadmaps that have significant impact. In addition to overseeing growth strategy and business development at Vooban, Hugues Foltz is involved in several organizations that revolve around Quebec’s technology and AI ecosystem
Check out our show notes to learn more about Hugues and Vooban.
Time Stamps:
(00:01:08) About Hugues Foltz and Vooban
(00:04:46) AI scene in Canada
(00:08:30) SBI sales prediction use case
(00:11:18) Sales accuracy: Algorithms vs. humans
(00:14:16) What does it take to train the machine to predict your sales?
(00:16:31) Impact of sales prediction in a manufacturing business
(00:17:04) How do you measure accuracy in sales prediction?
(00:18:58) Dealing with a black swan: Operating a supply-and-demand oriented AI during disruptive events i.e. pandemic, Ukrainian crisis and heating
(00:23:54) Why do we need applied AI scientists in solving clients’ problems?
(00:26:26) Should companies have AI champions to deal with people’s skepticism in AI?
(00:30:25) Are small and medium businesses lagging behind the digital transformation race?
(00:39:05) Which is better: building bespoke AI solutions or no-code AI solutions?
(00:41:46) Should your business build an AI solution from scratch?
(00:44:12) Closing remarks and book recommendations
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Music credits: storyblocks.com
Logo credits: Joshua Coleman, Unsplash