Liv-ex is pleased to announce that it has won the drinks business 2017 Supply Chain Initiative of the Year award for Wine Matcher, which will become available to Liv-ex members in June.
Wine Matcher is a machine learning* tool for the wine industry that allows merchants to take lists and transform them into a standardised set of wine names and formats with unique IDs (LWINs). These IDs can easily be shared with other systems, used to download price data from Liv-ex, or entered into a database for comparison in a matter of minutes.
Wine Matcher automates the highly labour intensive and manual process of valuing lists of wine for trading and insurance, or preparing packing lists and pre-advices for shipments. It can match up to 5,000 lines of data per minute.
Business Analyst Nicholas Palmer and Marketing Assistant Nicola Graham with the award.
A full list of the winners can be found here.
* Machine Learning is a type of artificial intelligence that provides computers with the ability to learn without being explicitly programmed.