In order to be able to transform supply chains, manufacturers have to synchronize and fine-tune all the different systems working for them and listen to their insights, which will later allow them to create strategic advantages where there were none in the past, and make the right decisions without blinking an eye.
Your employees need to be educated about what AI and IoT are as well as how to use them in their day-to-day jobs. Education leads to less uncertainty (and fear) as well as to more qualified workers who can better perform their jobs.
We’ve all probably heard that Artificial Intelligence is the new norm and represents the future of business, but not many people understand how much of an impact it has today.
The future of manufacturing is digital and forward-thinking CIOs are facing a number of new challenges in the manufacturing industry. Even as technology delivers value, it can also create exposures and weaknesses.
In the manufacturing industry, every decision is important, because it can lead to a butterfly effect and positively or adversely affect your next steps for years to come.
Virtually thousands of tech websites, articles and videos are buzzing with the same key themes. “Interconnected platforms”. “Autonomous networks”. “Smart machines” that communicate with each other and us and make contextual improvements. Machine Learning. Artificial Intelligence. Internet of Things. All of these are part of a new wave of manufacturing improvements brought on by the so called “Industry 4.0”.
As Artificial Intelligence continues to thrive in every segment of our lives, manufacturers are starting to harness the amazing potential of digital technology to take their operations to an entirely different level.
AI is playing an ever-growing role in manufacturing. Start-ups have begun to develop AI solutions for a number of sub-fields within manufacturing. One such area is supply chain management.
You might remember reading science fiction novels or seeing movies in which factories were operated solely by robots and humans were barely involved in the manufacturing process (if at all). Those images are no longer confined to the realm of science fiction any more.
Finance has the reputation of being one of the most conservative fields. Finance professionals are stereotypically slow to embrace change. You wouldn’t think of finance as a space that would be ready to implement something as cutting-edge as AI.