Picking your AI strategy
A tangible and profitable technology
This is certainly true for AI - one of the most tangible and profitable technologies used in Industry 4.0 today. For example, businesses who want to focus on improving operational excellence, can choose to perform automated visual quality control with AI technology, reducing on production waste and retours, or they can use AI to predict the downtime of machines. Companies that want to prioritise ‘human centricity’ may leverage AI to create a safer and more attractive working environment for their employees.
Playing a role in business model innovations
AI can also play a role in business model innovations. Smart products, for instance, collect a lot of data on how customers are using a product after they bought it. With AI, organisations can offer additional services to these customers, like predictive maintenance and other usage recommendations. The same goes for product personalisation: AI can make configuration suggestions based on the consumers behaviour.
Finally, AI can also help organisations in achieving certain sustainability goals, like optimising energy consumption via smart algorithms.