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.
In 2014, Satya Nadella made his first public appearance as the CEO of Microsoft, succeeding Steve Ballmer at the helm and announcing a course shift for the tech giant. Instead of talking about Windows, Nadella explained he saw the future in cloud computing and interconnectivity across different platforms.
Writer Napoleon Hill once said, “Action is the real measure of intelligence.” That statement is something a catch-42, though; you can’t take action if you don’t have intelligence, but what if you don’t have the intelligence in the first place?
Managing supply chains often involves complex operations, predictions and inventory optimization challenges. Unstable markets, unreliable suppliers or even the slightest mishaps can create a devastating domino effect that can cost manufacturers huge amounts of resources and the respect of their customers.
Technology implemented in the form of interconnected networks is gradually making our lives easier. Connected devices, buildings, sensors, mobile phones and even vehicles and manufacturing systems are no longer the stuff of sci-fi novels, but real things shaping our surroundings.
With digital automation, cloud computing and IoT getting mainstream acceptance in manufacturing, industry leaders are now turning to technologies that have the potential of enabling the next major breakthrough: artificial intelligence. AI has the potential to have a profound impact on production machines as well as the factory as a whole.
Integration of digital technologies into manufacturing processes is ushering in an age of autonomous factory equipment capable of making quick decisions based on real time information from the plant floor.
Artificial Intelligence (AI) and Machine Learning (ML) are buzzwords that come up whenever topics like Big Data Analytics and technology in general are discussed. What’s…
In 2018, IT spending is projected to reach a total of $3.7 trillion worldwide, which is an increase of 6.2% from last year according to…