Interos Inc., a global leader in AI-powered supply chain risk intelligence, has officially announced the launch of multiple new products as it continues to make major headway in enhancing supply chain risk intelligence.
According to certain reports, the company is introducing, in particular, two new AI-powered solutions i.e. Risk Trends and Benchmarking. When placed next to each other, this pair of solutions represents the first industry-wide solution which delivers advanced insights tailored to each enterprise’s unique supply chain.
More on the same would reveal how organizations can now leverage these latest innovations to compare supplier risk histories, uncover patterns and vulnerabilities, gain context to industry benchmarks, and focus on the biggest risks.
Talk about the whole value proposition on a slightly deeper, we begin from how you can bank upon the given solutions to uncover critical risk trends materializing across the board. The stated risk trends, on their part, will make it possible for organizations to visualize 12 months of historical risk data across key risk factors like Cyber, ESG, and Catastrophic risks. You see, thanks to the presence of interactive trendlines, daily data refreshes, and 90-day deltas, businesses can anticipate potential disruptions, identify patterns, and act with confidence.
“This represents a major advancement in applying AI for unparalleled visibility and control,” said Ted Krantz, CEO at Interos. “By addressing the unique complexity of global supply chains with next generation AI, we will revolutionize supply chain risk management with the industry’s first predictive analytics platform.”
Next up, we have industry benchmarking capabilities in play that effectively empower companies to evaluate their performance against industry standards, and therefore, ensure that resources aren’t misallocated. Such a setup, like you can guess, treads up a long distance to save time, resources, while simultaneously allowing organizations to focus on risks in respect to their severity.
Another detail worth a mention here is rooted in the given development’s promise to deliver AI-driven insights at the disposal of users. We get to say so because both Trendlines and Benchmarking are underpinned by Interos’ robust AI infrastructure, which incorporates financial model upgrades and Industry Categories that enhance predictive analytics capabilities. In case that wasn’t enough, then we ought to mention how Interos’ award-winning risk intelligence platform further comes bearing an ability to continuously monitor 230+ million global entities across 11+ billion relationships in the industry’s largest knowledge graph.
Beyond these solutions, Interos has also announced an expansion of its partnership with SAP Ariba, a leading provider of cloud-based procurement solutions. You see, moving forward, by integrating Interos’ AI-first risk intelligence into SAP Ariba’s procurement workflows, SAP Ariba customers can access broader supply chain visibility, real-time data and risk-monitoring, and risk-integrated workflows to make better sourcing, onboarding, purchasing, and supplier management decisions.
“With the integration of Interos’ risk intelligence into SAP Ariba Supplier Risk, customers can get even deeper in the risk of the supplier and supply chain, significantly enhancing the capability to navigate risks in real-time across multiple dimensions. This partnership delivers a strategic advantage for our customers, empowering them to make confident, risk-aware decisions throughout the source-to-pay lifecycle,” said Matthew Montgomery, Senior Director – Product Marketing, SAP Intelligent Spend & Business Network.
Founded in 2005, Interos’ rise up the ranks stems from using AI risk intelligence to build the most trusted and transparent supply chains in the world. The company is also the world’s first, and only, automated supplier intelligence platform which can consistently map and monitor extended supply chains at speed and scale to protect organizations from regulatory fines, unethical labor, cyber-attacks, and other systemic vulnerabilities. Interos’ excellence in what it does can also be understood once you consider that it currently serves a diverse clientele which is made up of commercial, government, and public sector customers around the world including a host of Global Fortune 500 companies, and organizations within the Five Eyes nations
