AI is the new method of working

By Applied Tech Review | Wednesday, February 10, 2021

Using AI to optimize maintenance and refine processes is increasing productivity and sustainability and at the same time improving safety.

FREMONT, CA: The development of AI solutions is creating a closer relationship between supplier and customer, with increased transparency and mutual exchange. AI is opening up many opportunities for both producers and suppliers. In addition, AI is driving increased automation, for example through the use of collaborative robots, which also increases productivity and lowers costs.

For suppliers, the new AI solutions can provide insights into how their products are used, and this information can be used not only in product development but also in advising customers. Industrial companies wanting to develop and benefit from AI must be capable of working in ways that are different from traditional approaches and strategies. In the future, producers will likely launch products earlier, before they are fully developed and tested, allowing users earlier access to the products and services and a role in a collaborative final development of the solution that more precisely fits the user’s needs.

In the mining sector, there are clear incentives for exploiting the potential of AI 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.

Development and implementation of AI solutions provide companies with the ability 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.

But for growth to make really great strides in the future, some of the skepticism surrounding AI will have to be dispelled. There are still some who believe that AI will ‘take our jobs,’. It is true that some jobs will disappear, but new ones will be created, and the shift will be gradual. This development will open up an infinite number of opportunities in most areas of society. At the same time, it’s important to be aware that AI has many different sides to it. It isn’t a single solution but rather an umbrella concept that embraces a series of different applications.

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