Applied Artificial Intelligence in Business by Leong Chan & Liliya Hogaboam & Renzhi Cao

Author:Leong Chan & Liliya Hogaboam & Renzhi Cao
Language: eng
Format: epub
ISBN: 9783031057403
Publisher: Springer International Publishing

11.6 Conclusion

Nowadays, the manufacturing sector of business still has not fully realized the potential for production plants worldwide. In developed countries, people are continuously trying to implement AI into their facilities to improve productivity further. Items like sensors and IoT devices are becoming more common in daily life and in the business world as we try to allocate our resources and employees to more critical tasks. Corporations need to invest in these new technologies to succeed in the global market. More consumers are subject to purchase items, and social connectivity to intercontinental markets is likely to expand. Nevertheless, AI will continue to grow and prosper in manufacturing because of how quickly technology can be adapted and programmed to complete specific tasks.

Having an AI system will also help manufacturing companies stay at the top of their competition. Over time, AI developments in manufacturing have led to cognitive computing – where “every piece of your supply chain was accounted for in terms of how they affect various processes, production shifts, supplier changes, and equipment maintenance weeks in advance, updating in real time” (Hitch, 2017). Such changes in automation software optimize employee time and work, leading to resource savings (ThinkAutomation, 2021).

Overall, the innovative technologies of AI and machine learning have reimagined the manufacturing industries for many companies and industries. The innovation of sensors and gathering data has become an advantage to a multitude of people because it can provide you with time-saving information, solutions to potential problems, indications of possible maintenance, and many other features we could never have gathered with manual labor. Automation and AI are ideas of the future that every industry will want to have embedded in their system for a better supply line. Technology will always be a part of our lives. Businesses applying this technology to their everyday tasks have proven how much our lives can be more accessible and convenient for many employers and employees. People can focus on what is most important and place their resources into areas that need improvement for the sake of their company.

References

Britannica. (2021). History of work organization. Retrieved from Britannica Encyclopedia. https://​www.​britannica.​com/​topic/​history-of-work-organization-648000/​Division-of-labour-in-the-workplace

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