#USA #Vienna #Knexus #Babel Street #SCRIPTS BPA

Knexus Partners with Babel Street for Advanced AI Solutions in Supply Chain Risk Management

In a significant move aimed at enhancing supply chain resilience, Knexus has announced its collaboration with Babel Street under the $919 million, 10-year Supply Chain Risk Illumination Professional Tools and Services (SCRIPTS) Blanket Purchase Agreement (BPA). This initiative is spearheaded by the U.S. General Services Administration (GSA) and the Office of the Under Secretary of Defense for Acquisition and Sustainment, focusing on integrating cutting-edge technologies to fortify supply chains across various federal agencies.

Understanding SCRIPTS

The SCRIPTS initiative represents a proactive effort by the federal government to integrate advanced AI technologies that can secure and streamline supply chains, particularly within the Department of Defense. As supply chain vulnerabilities become increasingly highlighted in today’s geopolitical landscape, SCRIPTS aims to support national security through enhanced risk management capabilities.

Through this partnership, Knexus will leverage Babel Street's rich expertise in global risk intelligence to deliver a comprehensive AI solution. This solution promises to equip federal agencies with the tools needed to assess and mitigate supply chain risks effectively.

Enhanced Risk Intelligence Platform

The collaboration centers around a robust Software-as-a-Service (SaaS) platform that uses advanced data analytics to sift through vast amounts of data quickly. This platform enables government officials to identify potential foreign influences and concealed ownership structures, thus ensuring better monitoring of supplier integrity. The multilingual and adaptable platform is designed to create visual knowledge graphs, helping agencies connect the dots between various risk indicators.

Adam Lurie, the CEO of Knexus, expressed his excitement about this project, stating, "We are ready to deliver state-of-the-art AI solutions at this scale and caliber to the government. This award is a testament to our commitment to providing innovative AI solutions that address the complex challenges of supply chain risk management."

The Role of Babel Street

Babel Street adds another layer of value to this partnership with its extensive experience in global information intelligence. The company has developed an AI-driven technology that serves various critical use cases, such as anti-money laundering (AML), supply chain risk management, and insider threat assessments. Michael Southworth, CEO of Babel Street, emphasized the importance of their technology in detecting hidden relationships and emerging risks that could disrupt operations.

Why This Matters

This partnership is essential not only for the agencies involved but also for national security as a whole. By enabling real-time monitoring and continuous assessment of supplier health, the new platform can help government bodies respond quickly to possible adversarial threats. Furthermore, it provides a streamlined access path for agencies to utilize these advanced capabilities in their procurement decisions.

A Commitment to Innovation

Knexus's track record of working alongside numerous federal agencies showcases its dedication to transitioning artificial intelligence solutions into operational settings. With over 100 peer-reviewed research papers and four patents, Knexus prides itself on breaking through barriers between human and machine intelligence. The collaboration with Google as a Cloud Partner of the Year further solidifies its position in the sector.

In conclusion, the partnership between Knexus and Babel Street marks a pivotal step in enhancing the capability of U.S. federal agencies to manage the intricacies of supply chain risks. This initiative not only stands to benefit the Department of Defense but also sets a precedent for similar collaborations in the future, driving towards an era where advanced technology plays a crucial role in national security and operational efficiency.