IFS Unleashed 2024 is poised to be a groundbreaking conference where attendees will witness firsthand the evolving landscape of AI and its transformative potential for businesses.
It is not just about understanding AI as a singular entity like Generative AI (GenAI), but about exploring its integration into various organizational elements such as simulations, operations, planning and scheduling, optimization, and anomaly detection. The focus will be on how AI should be embedded into these systems and processes to enable actionable insights.
Industrial AI: A Game-Changer for Businesses
At the core of IFS today is a laser focus on Industrial AI. This specialized branch of AI holds immense potential for revolutionizing every business sector. The excitement stems from the fact that no two industries or businesses are identical, leading to a plethora of unique use cases. Whether it’s optimizing resource allocation, improving scheduling efficiency, or enhancing operational workflows, the applications are vast and varied.
For instance, we have a customer who managed to increase the number of site visits by 25% using the same resources. While another customer cut 55 million miles a year in travel from its field service engineers, dramatically reducing its largest contributor to CO2 emissions. These improvements would not have been achieved without having AI embedded into their planning and scheduling processes.
Personalized AI Experiences
The power of Industrial AI is the ability to adapt to individual requirements. By dynamically changing user experiences (UX) to meet the specific needs of a person or team in real-time, the technology has the potential to inspire individuals to accomplish more and excel in their tasks. This personalized approach not only boosts productivity but also fosters a greater sense of engagement and motivation among users.
Harnessing Data for Superior Decision-Making
The sheer volume of data available today presents both a challenge and an opportunity. AI’s ability to analyse massive datasets allows teams to better plan, optimize, and respond to changes in the moment. This capability is something that humans alone would struggle to achieve due to the overwhelming number of data points involved. The synergy between human intelligence and AI enhances decision-making processes, driving organizations toward higher levels of efficiency and effectiveness.
At IFS Unleashed 2024 one of the key takeaways for attendees will be the critical role of data in harnessing the power of Industrial AI. Understanding that data—whether that is video, IoT, weather, structured or unstructured data—is the foundation upon which Industrial AI operates, will be crucial. The ability to tap into diverse data sources opens up vast opportunities for organizations to innovate and optimise their operations.
The Next Industrial Revolution Has Already Started
The next Industrial Revolution, driven by the transformative power of Industrial AI, has already started. This revolution will not only transform organizations but also unlock the immense potential of their workforce. Attendees at IFS Unleashed 2024 will experience the art of the possible, witnessing firsthand how Industrial AI can redefine business operations and achieve unprecedented levels of efficiency and productivity
SOURCE: PEDERSEN C. (2024,JUL 29).Unleashing the Potential of Industrial AI.IFS BLOG. https://blog.ifs.com/2024/07/unleashing-the-potential-of-industrial-ai/
