Hello friends, hope you had a wonderful weekend?
Am going to talk a little about Ai
Ai is everywhere. From the movie industry to our refrigerators, ai has infiltrated our lives. But what about the production industry?
ai isn’t just about automation; it’s about redefining the way we work. With ai at the forefront of production, manufacturers can optimize every process and create products that better meet their customers’ needs, resulting in increased efficiency, quality, and confidence in their brand.
Ai-enabled robots and smart machines are poised to become an $8 trillion industry by 2030. Foreseeing the huge economic impact that ai will have on the world, robotics giant ABB is making significant investments in this technology through their chief research office and acquisitions of leading companies.
The problem with the current production industry is that it's not agile. It takes weeks to get feedback and changes frequently don't make a big difference in the end product. It needs to be faster, smarter, able to sense small nuances, and even predict consumer trends.
AI has dramatically changed the ways computers have learned to understand our world, and a consequence of these changes will be that the way that we manufacture products will also change. Computer vision, natural language understanding, and machine learning are just some of the concepts which in recent years have begun to transform how computers capture and use data about their environment.
The Internet of Things is poised to have a positive impact on our society. In fact, I believe it will do more than just change our lives. Of all the industries and advancements that will benefit from the internet of things, three stand out as having the most significant and lasting changes: Smart factories, smart cities, and artificial intelligence. These three disruptive technological advancements are often portrayed as enemies or at best fierce competitors. But in reality, they are very much symbiotic to each other.
Artificial intelligence is already changing the world with rapid development, including that in manufacturing. Now is the time to consider how it may impact your business and how you can continue to thrive as it advances.
This report from the McKinsey Global Institute provides an overview of the impact of AI on industries and how it will reshape organizations' operations, value chains, and business models.
Conclusion:
AI is a powerful tool that’s being used to expedite the manufacturing process, and it’s being applied across every aspect of businesses.