Hello YODL'ers, is this you? Have you built your business around basic record keeping tools such as spreadsheets and paper records?
While you may be answering yes to this question and thinking that it's working for you, the question to ask yourself is: "is this truly the way to operate in a modern technological marketplace?" There is so much potential in the power of your data if there was only a way to connect it all together and then leverage that information. Even though the buzz words such as AI and Machine Learning may be a bit of a mystery to you, there is no need to be afraid of them as they can be your friend to unlock and optimize the hidden potential of your business and operations.
At TheoryMesh, we have worked with many different companies across the food supply chain. From farm to manufacturer to consumer, we consistently observe that these companies are capturing a lot of data, but it's in an archaic and often chaotic way with a mixture of paper records, basic spread sheets and other stored files. Short term this may be working for you and your business, but the reality is, it creates limitations on your business agility along with managing how your information can be used to identify additional insights and value to better your company. You may be wondering as to how data can give you new insights and value to your company. This is achieved in several ways.
- When you unify all your data inputs along your supply and production chain including final product you have set yourself up to enormous opportunities by removing all your data silos. In particular, dealing with documentation such as certifications, receipts and traceability data, this can all be automated along with creating transparency and traceability along your supply chain.
- With a unified data platform, an AI and Machine Learning model can be trained on your data to extract incites, patterns and connections to better understand your operations and potential efficiencies.
- A unified data platform sets you up with the agility to respond to ever exchanging industry rules and regulations such as reporting out on your ESG statements for your company. ESG stands for Environment, Social and Governance is a reporting framework that is rapidly being adopted around the world to address Climate Change. This worldwide adoption of ESG standards and goals is going to trickle down to every level of companies. It will require reporting and proof of your ESG goals and results which can only be validated through accurate data records. If ever there ever was a business case to digitize your business and operations, the opportunity available to you is think now and not later in getting your company set up for the future business landscape.
Fundamentally, by leveraging the TheoryMesh platform, your data and record keeping has the potential to drive enhanced earnings and savings through improved operational efficiencies, traceability, reporting agility and sustainability. Adopting modern approaches to Data management can be the key to unlock the potential of your business.
This conversation is just one example of how we at www.theorymesh.com are working hard with Agri-Food Companies to digitize, update and streamline their operations through the use of tools for data digitization and connectivity. Please reach out to us if you would like to have a deeper conversation on digitizing your company with the support of TheoryMesh.