Wednesday, April 14, 2021
Home Artificial Intelligence AI optimization increases productivity and sustainability

AI optimization increases productivity and sustainability

The new solutions of AI optimization can provide insights to suppliers into how their products are used

AI optimization of maintenance and refine processes is increasing productivity and sustainability and improving safety at the same time. Artificial intelligence (AI) is opening up many opportunities for both producers and suppliers and additionally driving increased automation.

The new solutions of AI optimization can provide insights to suppliers into how their products are used and not only this information can be used for product development but also for advising customers.

Industrial companies must be capable of working in ways that are different from traditional approaches and strategies if they want to develop and benefit from AI optimization. In the future, to allow earlier access to users to the products and services and a role in a collaborative final development of the solution that more precisely fits the user’s needs, producers are likely to launch products earlier, before they are fully developed and tested.

“We have to be much more open to the market,” says Petra Sundstrom, Head of Digital Business Development at Sandvik. “It’s no longer possible to have the development process shrouded in secrecy. We must start talking about challenges, not just about solutions, if only because that’s the way we can attract the skills that we’ll be depending on going forward”.

She says there are clear incentives in the mining sector for exploiting the potential of AI optimization to the full.

“For a start, it’s obvious that a whole lot of money can be saved. It’s a basic necessity to be able to prevent unexpected stoppages in above-ground processes, which, if they happen, can cause costs running into millions for every hour that passes”.

It is also possible to perform AI-supported analysis of, for example, various stages of production and the final products so that various processes can be optimized and streamlined.

“Higher efficiency means better productivity, of course, but at the same time there is an important sustainability side to this. Increased efficiency enables us to save on resources such as electricity and water, which is an extremely important goal to aim at”.

Sandvik gets the ability by the development and implementation of solutions of AI optimization to offer customers increasingly detailed and appropriate advice on how certain operations could be performed more efficiently and how their machines can be used optimally in specific situations.

“This, too, requires a certain adjustment on our part,” says Sundstrom. “Instead of delivering pure figures into customer systems, we undertake to contribute more directly to their productivity. This means closer collaboration and greater responsibility, which may be felt to be a big step to take. But it’s the right way to go”.

Also read: Fortinet Announces AI-powered XDR for Fully Automated Threat Detection, Investigation, and Response

Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

khushbu
Chief Editorhttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -WhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PM

Most Popular

Next-Generation Incubation Scheme: 42 start-ups eligible for benefits

Next-Generation Incubation Scheme: 42 start-ups eligible for benefits

Ed-Tech venture to offer end-to-end learning ecosystem

Ed-Tech venture to offer end-to-end learning ecosystem

Ransom-ware: A malware type used to extort money

Ransom-ware: A malware type used to extort money

Digital Ethics framework to be considered for responsible digitalisation

Digital Ethics framework to be considered for responsible digitalisation

Recent Comments