How to use advancements in artificial intelligence?
Artificial intelligence (AI) has advanced significantly in recent years and has become a major target for investors and businesses. As technology continues to evolve, it has the potential to revolutionize various industries and create new opportunities for growth and innovation.
- The growth of cooperation between man and machine.
- The new A.I. use cases to increase productivity.
- The most brilliant A.I. stars that will shine in 2023
- Implementation of MarTech (marketing and technology).
- Machine learning and robotic process automation.
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As more and more target-oriented companies are founded and many of them gain general recognition, it is clear that there has been a shift in the economy. Just look at the whole clean energy and green transportation movement. There are indications that we are entering a new era where companies will adopt new drivers of value!
Current economic conditions create fear that keeps people in the unknown. Stay up to date with events and take advantage of numerous opportunities!
- Which trends to follow and how to use them before it's too late?
- What does digitalization mean for the future of the financial system?
- Which industry sectors will play a leading role?
- Why will the future be different?
Industrialization of artificial intelligence (AI)
Automation and artificial intelligence will improve production quality and responses to new product demands in the future. Changed machine learning methods have increased the motivation to develop new projects at lower prices. Additionally, if fast-learning robots are used to reduce the amount of work required to set up future projects, the scale of those projects will only increase. Two key factors that form the basis for the development of a new industry standard are the size and speed of development of new industry standards.
Image: Searches for the term “AioT” have increased by 446% in the last 5 years.
New, capable AI technologies increase productivity, reduce costs and increase competitive advantage.
- Optimization for (digital) marketing, web design and online shops;
- personalized advertising and trend analysis on social networks;
- programming and finding solutions to problems in program code;
- communication with customers (answers on a personal level);
- competitive analysis, cost reduction and sales forecasting.
In short: faster, with lower costs, for more sales.
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Internet of Things - IoT
Younger generations are quickly switching to voice search! Without IoT-related artificial intelligence, it would be impossible to analyze large amounts of data in a practical way. Companies like Walmart and Amazon are using IoT to control inventory and increase the efficiency of supply chains. For example, Walmart reviews 1.5 billion messages received from IoT devices every day.
In principle, the Internet of Things and AI are mutually complementary and in combination enable us to have extremely detailed insight and sophisticated interpretation of collected data, which was almost unimaginable before. This combination is known as “AIoT”. In recent years, the popularity of the combination of the two technologies has increased by more than 400%.
In 2019, only 10% of IoT projects used artificial intelligence for their development! However, as the IoT base increases, it is almost inevitable that artificial intelligence will help dissect the vast amounts of data collected through IoT devices. In addition, this data will be crucial in the training of artificial intelligence systems.
By 2025, IoT devices are expected to create approximately 73.1 ZB (Zettabytes) of data, which is about 4 times more than was created in 2019. With these vast databases, the use of artificial intelligence and machine learning will be key.
The future of energy
The transition to clean energy technology will directly impact the electricity, natural gas and household cost sectors. Here we must highlight the following:
- Minerals and metals: the need for minerals such as bauxite for electricity and lithium and cobalt for batteries is increasing. This represents a big challenge for companies!
- Using various technologies, electricity and sustainable fuel producers will lead the transition to clean energy. Their goal will be to achieve net zero emissions by 2050 and meet the growing global demand for electricity.
- Building and building materials: companies are building additional transmission and distribution infrastructure that will enable the delivery of electricity produced from renewable sources.
- Gas and oil: Producers can use different technologies to decarbonize previous (production) processes with less demand for fossil fuels, while looking for ways to produce sustainable energy (such as green hydrogen).
The new industry standard will represent the simplicity and availability of cloud networks, which will subsequently enable the optimization of production. Although this technology has been around for some time, it will become more necessary in 2023. By making decisions based on actual data collected, production optimization gives manufacturers more control over what products are made and where they come from.
5G/6G and advanced connectivity
Advanced connectivity technologies offer major performance improvements compared to existing standards. These technologies include:
- Wi-Fi 6: The next-generation Wi-Fi standard, also known as industrial Wi-Fi, provides security, higher speed and a more flexible quality of service.
- Optic fibers: The most reliable method of high-performance, low-latency communication is through physical wires.
- 5G/6G: The increased spectral efficiency of these next-generation data protocols and technologies enables the provision of high-bandwidth and low-latency services, which will play a key role in customer choice of service providers.
Blockchain
Companies are looking for innovative examples of the use of blockchain with applications in a variety of industries, including identity management, development and use of gambling games, as well as developments in healthcare. There are currently more than 70 million blockchain wallets in use, so it is reasonable to expect that there will be many more promising predictions for the development of this technology in the future.
The impact of industry 4.0 on the population
One of the first factors of the 4.0 revolution that undoubtedly comes to mind when we think about the possible effects is robots taking over work from humans throughout the supply chain. Robots will not only replace workers in factories, but also in all distribution centers, of which there are now more than ever before (Amazon warehouses).
Logistics
Due to the popularity of e-commerce and the demand for faster services, logistics companies are forced to make more frequent shipments of smaller packages. The reason for this is that companies cannot afford to wait until they receive enough orders to fill an entire train or truck. Here there is a modern solution called LTL (Less than truckload), this technique involves submitting many smaller orders from different companies to one carrier, which subsequently fills the capacity of the possible cargo with multiple stops during delivery.
Image: Robots will not only replace workers in factories, but also in all distribution centers, of which there are now more than ever before.
Whether one sees the fourth industrial revolution as good or bad depends on the goals and how far the operational world will take the implementation of these processes. If Industry 4.0 is a revolution, we must consider all its consequences, both good and bad.
... we will talk about:
- The growth of cooperation between man and machine.
- The new A.I. use cases to increase productivity.
- The most brilliant A.I. stars that will shine in 2025
- Implementation of MarTech (marketing and technology).
- Machine learning and robotic process automation.
- How will A.I. changed our economy?
- Artificial Intelligence in your living room.
Enter your name and email address now to participate for free.
