AI: A World of New Opportunity and Risk
This isn’t a new story: A novel technology disrupts society, bringing with it many benefits but also major risks and costs.
This isn’t a new story: A novel technology disrupts society, bringing with it many benefits but also major risks and costs.
Lettuce is a valuable crop in Europe and the United States. But labor shortages make it difficult to harvest; finding sufficient seasonal labor to meet harvesting commitments is one of the sector’s biggest challenges.
For many organizations, the biggest challenge of innovation isn’t coming up with good ideas—it’s making sure those good ideas are noticed and acted upon.
Global supply-chain disruptions are rampant. Manufacturers and business owners now routinely deal with triple and quadruple lead times, widespread shortages, escalating prices, and transportation delays. Every link in the supply chain is out of alignment.
People interact with machines in countless ways every day. In some cases, they actively control a device, like driving a car or using an app on a smartphone. Sometimes people passively interact with a device, like being imaged by an MRI machine.
Welding technology has progressed over the years, thanks to innovations that improve accuracy and overall productivity. Some advances have been in welding automation handled by advanced robots.
Most successful entrepreneurs know that simply inventing a smart or disruptive technology isn’t enough to make customers come running. Among other things, business development involves connecting with the right people in the corporate hierarchy.
From asking Siri to suggest a nearby restaurant to programming a drone flight on Mars, artificial intelligence (AI) has become a part of everyday life—and its presence and influence will inevitably grow.
In the wake of manufacturing and chip shortages, some may think that Covid-19 slowed down production on the whole as supply chain issues an
For manufacturers, artificial intelligence (AI) can be a game changer. Greater efficiencies, lower costs, improved quality, and reduced downtime are just some of the potential benefits. This technology isn’t just for large manufacturers.