Artificial Intelligence And IIoT Improve Factory Efficiency
Factories are now in a privileged position because they can monitor every aspect of their production process in real time by connecting all pieces of equipment to the internet. Moreover, implementing smart algorithms will facilitate project and operations managers to control every aspect of the production process, to find out when a machine will need maintenance, and when they need to adjust production due to changes in demand which will lead to lower production costs and improved efficiency.
Factory equipment functions after well-established standards and norms. In many instances, monitoring all equipment is done via digital, analogue, or mechanical sensors mounted on a piece of equipment or products. Unfortunately, tracking many of these sensors requires human intervention; an operator physically reads the sensor output and records it in different Latest developments in hardware and software helped lower sensor and computing costs. Thanks to companies like Amazon, Microsoft, or Google, we now have unprecedented access to virtually infinite computing and storage power at reasonable prices. Furthermore, hardware components like gateways, microprocessors, and sensors have an excellent price-quality ratio. All these developments enable us to connect factory equipment via sensors and gateways to a centralised or distributed computing centre (that can be cloud-based or local).
Through this newly created network, sensors can transmit data to the preferred storage place in real time. Next, we can visualise all the data from every sensor as well as develop new statistical analyses to understand the production process better. Together, these operations lead to increased data visibility of all factory processes. Furthermore, we use these data to develop relevant metrics to evaluate factory performance, creating a method of monitoring KPIs in real time.
Possibly the most important advantage of this system is that it creates the possibility to access data about any equipment in real-time. This ability is crucial for making decisions on factory performance or for finding areas where to allocate the next investments.
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Enterprise-wide AI business systems
Enterterprises should create networks of specific AI solutions and intelligent agents. These agents adapt to their environment and are autonomous. In other words, they continually learn from situations and each other about how to best perform their tasks. Soon, intelligent agents augment the whole enterprise and support employees. As they grow and evolve, these systems become ubiquitous, from internal systems to monitor and control processes to client facing applications and services.
AI Facilitates New Forms Of Customer Interactions: Voice Interfaces And Visual Content
voice interfaces and video content will soon become the primary way in which customers interact with businesses. Customers will interact with a brand in real time about their products and services. Voice interfaces like Alexa, Siri, or Cortana will enable customers to talk to a brand. Video and speech processing algorithms will further support that interaction either via intelligent chatbots or other interfaces that understand consumers’ pains, wants, and needs. As far-fetched as it sounds, this is not a sci-fi scenario. It will happen in the next 3-5 (maybe ten years). Thus, for brands to maintain and establish new long-lasting relationships, they need to support audio and video conversations with their clients as soon as possible.
A Pinch Of Artificial Intelligence
AI is a collection of methods that initiated a new paradigm in business, one where we solve problems without knowing the steps to take in advance. Using AI, we develop systems that mimic natural intelligence and in some cases even surpass it. Thus, AI creates systems capable of reasoning, solve problems, acquire and use knowledge, make decisions, and communicate in natural language.