Clear AI today announced it will appoint new directors as part of a company expansion. Prolific company builder and tech investor Bill Tai and former Flex CEO Mike McNamara will both join the board. The appointments come as the company is expanding to drive a new era of supply chain efficiency. Using the latest in machine learning and AI technologies, Clear AI empowers businesses to get the right goods, to the right place, at the right time by addressing the disorder and fragmentation of supply chain data.
Modern supply chains are rife with waste, inefficiency and risk. Decision-making is too complex to be optimally managed by repetitive, manual processes, while a lack of visibility and coordination results in billions of dollars of untapped value and lost growth for the global economy. Clear AI tackles these challenges by organising and enhancing the world’s business information, with an initial focus on food and consumer goods supply chains. Its platform - built by a world-leading team of data scientists, engineers, and logistics and supply chain management specialists - uses AI to uncover patterns within vast supply chain datasets, allowing businesses to use their data to drive business growth and maximise their market potential.
Clear AI’s mission is to provide a platform upon which a network of strategic data partners can unlock mutual value and drive innovation through AI-powered tools and services. Participating businesses will gain access to a wealth of insights to help them better align supply with demand, minimise waste and improve capital efficiencies - all underpinned by strict data governance, accountability and a commitment to the ethical application of AI.
“The digital revolution has made supply chains more sprawling and fragmented than ever, creating widespread inefficiencies that impact the lives of everyone on a daily basis,” said Clear AI CEO Dr Alexander Tayler. “It’s time for this to change. We’re on a mission to drive supply chain efficiency by mapping out how the world does business, empowering businesses to make faster, more dynamic and better informed decisions. This latest expansion marks the next step in our journey.”
“I’m extremely excited to join the Clear AI team which I expect to become a leader in driving data-driven insights to transform the supply chain,” said Bill Tai. “Data science has already emerged as the backbone for modern businesses and there is a clear opportunity to drive market-based operational efficiency in the many facets of commerce related to trade. This team has proven its capability to drive actionable insights from data and is now applying it to an enormous market, with exponential margin potential for customers.”
“Creating a platform that is able to drive efficiency, transparency and value on a global scale is an ambitious goal, but something the supply chain industry desperately needs,” said Mike McNamara. “With its deep technical expertise and understanding of the market, Clear AI is well-positioned to unlock the value that has until now been lost. I’m helping the company usher in a new era of supply chain AI and bring its vision to life.”
Clear AI is an independent trade data network and artificial intelligence (AI) platform, providing value-added data products and valuable commercial insights to its partners. Clear AI exists because siloing of B2B trade data has created large-scale macroeconomic inefficiencies that result in inaccurate forecasting of supply and demand, failed logistics planning and execution, and missed opportunities due to poorly understood risk. The sum of this is billions of dollars of lost revenue for businesses and trillions of dollars of reduced growth for the global economy.
Clear AI partners with B2B networks, logistics platforms, working-capital providers and businesses to help them extract more value from their trade data and share insights drawn from a global trade data network.
Founded in 2018 and headquartered in London with an office in New York, Clear AI is made up of a team of world-class data scientists, machine learning engineers, and supply chain specialists.