Pick your AI strategy
This is certainly true for AI, which is 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 production waste and retours, or they can use AI to predict the downtime of machines. Companies that want to prioritize ‘human centricity’ may leverage AI to create a safer and more attractive working environment for their employees.
AI can also play a role in business model innovations. Smart products, for example, collect a lot of data on how customers are using a product after they bought it. Thanks to AI, organizations can offer additional services to these customers, like predictive maintenance and other usage recommendations. The same goes for product personalization: AI can make configuration suggestions based on the consumers behavior. Finally, AI can also help organizations in achieving certain sustainability goals, like optimizing energy consumption via smart algorithms.