PR95577

BANGKOK, April 21, 2022 /PRNewswire=KYODO JBN/ --

IBM (NYSE: IBM (

https://c212.net/c/link/?t=0&l=en&o=3511756-1&h=2486740388&u=http%3A%2F%2Fwww.ibm.com%2Finvestor&a=IBM

)) today announced that SIAM KUBOTA Corporation Co., Ltd., an ASEAN leader in

farm & industrial machinery, is using IBM Planning Analytics with Watson, AI

and data analytics to transform its planning, budgeting and forecasting

analysis.  This will help drive greater operational efficiency and gain the

foresight needed to steer its farm and industrial machines leadership

effectively. The single-view insights from multi enterprise-wide sources allows

SIAM KUBOTA to build accurate forecasts and react to the farmers and

agricultural challenges in a more sustainable way.

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Many small to large organizations today rely on spreadsheets and silo manual

processes that consume the majority of their budgeting and forecasting time. As

an innovator that has established a long-term impact on the agriculture

industry and society, SIAM KUBOTA is leading the way by adopting IBM Planning

Analytics with Watson with extended planning and analytics (xP&A) capabilities

to evolve its planning and analysis strategies, forging a sustainable path for

agricultural technologies.

SIAM KUBOTA has cut budget reporting time from almost two weeks to less than

one day, saving 90% of time needed to complete forecasts, while the planning

system processing is 80% faster. Synchronized planning across business units

and over 70 data sources provide SIAM KUBOTA a holistic view of performance

with operational plans automatically updating financial plans. This helps the

company timely adjust operations to respond to market needs and economic

factors like oil price and exchange rate.

Built using IBM Cloud Pak(R) for Data in the midst of pandemic uncertainty, the

solution successfully delivered by Amind Group Co., Ltd. through IBM's

distributor, Computer Union Co., Ltd., offers SIAM KUBOTA the speed,

flexibility and what-if scenarios to test alternative assumptions that helps

the company stay ahead of market disruption.

"SIAM KUBOTA's aspiration is to take the technologies and products we have

pioneered to solve problems related to food, water, and the environment, in

Thailand and across ASEAN," said Takanobu Azuma. President of SIAM KUBOTA

Corporation Co., Ltd. "Faster and deeper insights into both financial and

operational performance today gives us a forward-looking view of business

structures across Thailand, hence enable us to address needs and challenges of

agriculturers and farmers in each territory in a more sustainable way."

"In order to address volatility, uncertainty and risk that have been with us

for years – and  not going away any time soon, organizations need one unified,

intelligent solution for budgeting, planning, forecasting, reporting and

analysis to drive faster and accurate insights and business plans," said

Surarit Wuwong, Country Manager, IBM Thailand's Technology Group. "IBM is proud

to bring predictive AI capabilities to augment SIAM KUBOTA operational

efficiency, flexibility and resilience today, to support the company in its

sustainable growth journey amidst economic and business challenges."

About SIAM KUBOTA Corporation Co., Ltd.

SIAM KUBOTA is a leader in agricultural machinery and Agri-innovation for the

future, offering a diverse range of products to accommodate all application

needs.

About IBM:

For more information about IBM Planning Analytics with Watson, please visit

https://www.ibm.com/products/planning-analytics

Media contact:

Ratchawan Theeranoraset  

SIAM KUBOTA Corporation Co., Ltd.

Email: Ratchawan.t@siamkubota.co.th

Paranee Reymondon  

IBM Thailand Co., Ltd.

Email: paranee@th.ibm.com  

SOURCE IBM