Note: Press "Esc" on your keyboard to close Fullscreen mode, or click the minimize icon.
In the ongoing aftermath of COVID-19, manufacturing enterprises are seeking sustainable supply chain strategies that include extensive use of artificial intelligenceTom Fisk - Pexels
Manufacturing Growth Advocacy Network (MAGNET)Bob Perkoski
AI can automate routine tasks around order tracking and quality control, reducing costs and improving efficiencyTiger Lily - Pexels
On the transportation side, AI could spit out optimal delivery routes, or exact windows for trucks to arrive or depart a transportation centerTima Miroshnichenko - Pexels
How can ChatGPT be used by manufacturers to help their businesses?
Anyone with a computer and a bit of curiosity can pose this question to the ChatGPT online artificial intelligence (AI) tool. With a single prompt, the AI-powered chatbot will sing the praises of digital transformationa new age for the industry where customer service and lead generation exist on the cutting edge.
Yet, for sector proponents including Clevelands Manufacturing Growth Advocacy Network (MAGNET), the technologys potential for supply chain optimization is the real eye-opener.
In recent years, supply chains have become significantly more challenging to manage, notes MAGNET president and CEO Ethan Karp. Existing vulnerabilities in the flow of raw materials and finished goods were worsened by the pandemic, disrupting new product creation and leaving companies scrambling for answers.
In the ongoing aftermath of COVID-19, manufacturing enterprises are seeking sustainable supply chain strategies that include extensive use of artificial intelligence. The ChatGPT innovations ability to understand relationships and analyze huge volumes of data can change how these companies approach everything from sales to materials procurement.
The functionality of ChatGPT can take data from inventory systems and generate an email to a supplier that says, We need this on X date, explains Karp.
Whereas preventive maintenance is perhaps the most talked-about use case for AI tools like ChatGPT, the techs pattern identifying abilities can be harnessed for supply chain issues as well, according to Karp.
In theory, the powerful chatbot could forecast supply disruptionsallowing manufacturers to plan for problems before they occur. Additionally, AI can automate routine tasks around order tracking and quality control, reducing costs and improving efficiency.
Previously siloed manufacturing departments and stakeholders, meanwhile, could be brought together by AI. The technology has the industry covered on risk management as well, giving builders lead time on natural disasters or geopolitical events before major supply network disruptions arise.
Enterprise resource planning systems (ERP) are likely the best supply-related application for the nascent chatbot, says Karp. As ERP is integrated into daily business processes, including AI in that equation only makes sense.
All those functions about communicating with suppliers would be embedded in a software package that becomes more powerful and user friendly, Karp says.
Western Reserve University professor Michael GoulderDont get ahead of yourself
Case Western Reserve University (CWRU) professor Michael Goulder knows very well the possibilities of an AI-assisted supply chain. Along with his duties as a professor at CWRU, Goulder also leads the colleges master of supply chain management program.
In his previous career, Goulder oversaw the supply network for Hudson-based JoAnn Fabrics, giving him a full understanding of the complex system that starts with raw materials and ends when a user receives a finished product. Supply administration done correctly reduces costs and leads to a more efficient production cycle, he says.
Considering how fragile supply lines became during COVID-19, using AI and machine learning to strengthen the system seems an obvious choice.
However, the boundless buzz around AI reminds the CWRU prof of the late 1990s Internet boom and subsequent bust.
There is a vast overestimation of the speed at which these technologies will be perfected and commercialized, says Goulder. It took 10-plus years for the Internet to mature, and likewise it will take longer than people think for AI to mature.
Though Goulder is cautious about AIs immediate impacts, there are reasons to be excited about the technologys future. AI could be fed big supply chain data sets and return thousands of actionable variables.
The beauty of machine learning is that it will determine the variables that make the most sense, Goulder says. That will revolutionize supply chain forecasting when the technology matures.
Inventory and transportation management are additional circumstances where AI can shine. On the transportation side, artificial intelligence could spit out optimal delivery routes, or exact windows for trucks to arrive or depart a transportation center.
Companies will have a model about what products are selling in what parts of the country, then start shipping those goods knowing what the demands are, says Goulder. The [AI] models will learn and get better over time.
MAGNET president and CEO Ethan KarpPlacing a bet on AI
Currently, most organizations do not have the sophistication to leverage emerging AI technologies. Any manufacturing firm interested in pursuing digital designs must know how to capture the innovations full value, Goulder says.
That means purpose-built analytics rather than half-hearted experimentation with an application like ChatGPT. Goulder says he expects talents around Python and other programming languages will be in demand as artificial intelligence takes hold in manufacturing and beyond.
Business leaders want highly developed analytical skillsthey wont hire someone if that person doesnt know Python, says Goulder. Those skills are now table stakes. If I was a young person in the supply chain or a mid-career manager, Id make a big bet on those tools.
MAGNETs Karp agrees that ChatGPT cannot just be bolted on to a companys supply chain network. Simply giving the chatbot a few prompts reveals the errors in what passes for its thinking.
Ultimately, it sounds like a person and makes you believe its thinking like a person, but its just taking information and smashing it together with no mind toward sense, Karp argues.
Caveats aside, Karp cannot help but be thrilled by AIs down-the-line benefits for the manufacturing supply chain.
There have been conversations about AI for years, but this makes it real for people, says Karp. The supply chain [for this tech] makes sense, because there is a lot of communication that goes back and forth. The more real-time [we can get], the better.
Read more here:
The dawn of ChatGPT: Artificial intelligence could be a boon for the ... - freshwatercleveland
- What is Artificial Intelligence? How Does AI Work? | Built In [Last Updated On: September 5th, 2019] [Originally Added On: September 5th, 2019]
- Artificial Intelligence What it is and why it matters | SAS [Last Updated On: September 5th, 2019] [Originally Added On: September 5th, 2019]
- artificial intelligence | Definition, Examples, and ... [Last Updated On: September 5th, 2019] [Originally Added On: September 5th, 2019]
- Benefits & Risks of Artificial Intelligence - Future of ... [Last Updated On: September 5th, 2019] [Originally Added On: September 5th, 2019]
- What is AI (artificial intelligence)? - Definition from ... [Last Updated On: September 11th, 2019] [Originally Added On: September 11th, 2019]
- What is Artificial Intelligence (AI)? ... - Techopedia [Last Updated On: September 13th, 2019] [Originally Added On: September 13th, 2019]
- 9 Powerful Examples of Artificial Intelligence in Use ... [Last Updated On: September 18th, 2019] [Originally Added On: September 18th, 2019]
- What's the Difference Between Robotics and Artificial ... [Last Updated On: September 18th, 2019] [Originally Added On: September 18th, 2019]
- The Impact of Artificial Intelligence - Widespread Job Losses [Last Updated On: September 18th, 2019] [Originally Added On: September 18th, 2019]
- Artificial Intelligence & the Pharma Industry: What's Next ... [Last Updated On: September 18th, 2019] [Originally Added On: September 18th, 2019]
- Artificial Intelligence | GE Research [Last Updated On: September 18th, 2019] [Originally Added On: September 18th, 2019]
- A.I. Artificial Intelligence (2001) - IMDb [Last Updated On: October 5th, 2019] [Originally Added On: October 5th, 2019]
- 10 Best Artificial Intelligence Course & Certification [2019 ... [Last Updated On: October 15th, 2019] [Originally Added On: October 15th, 2019]
- Artificial Intelligence in Healthcare: the future is amazing ... [Last Updated On: October 15th, 2019] [Originally Added On: October 15th, 2019]
- Will Artificial Intelligence Help Resolve the Food Crisis? - Inter Press Service [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- Two-thirds of employees would trust a robot boss more than a real one - World Economic Forum [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- UofL partners with industry experts to launch Artificial Intelligence Innovation Consortium Lane Report | Kentucky Business & Economic News - The... [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- China Sees Surge of Edtech Investments With Focus on Artificial Intelligence - Karma [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- NIST researchers use artificial intelligence for quality control of stem cell-derived tissues - National Institutes of Health [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- Indiana University Touts Big Red 200 and Artificial Intelligence at SC19 - HPCwire [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- One way for the Pentagon to prove it's serious about artificial intelligence - C4ISRNet [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- Artificial Intelligence Will Enable the Future, Blockchain Will Secure It - Cointelegraph [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- Artificial intelligence has become a driving force in everyday life, says LivePerson CEO - CNBC [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- 4 Reasons to Use Artificial Intelligence in Your Next Embedded Design - DesignNews [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- Artificial Intelligence Essay - 966 Words | Bartleby [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- AI News: Track The Latest Artificial Intelligence Trends And ... [Last Updated On: November 18th, 2019] [Originally Added On: November 18th, 2019]
- AI in contact centres: It's time to stop talking about artificial intelligence - Verdict [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Newsrooms have five years to embrace artificial intelligence or they risk becoming irrelevant - Journalism.co.uk [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Scientists used IBM Watson to discover an ancient humanoid stick figure - Business Insider [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- The Mark Foundation Funds Eight Projects at the Intersection of Artificial Intelligence and Cancer Research - BioSpace [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Colorado at the forefront of AI and what it means for jobs of the future - The Denver Channel [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Highlights: Addressing fairness in the context of artificial intelligence - Brookings Institution [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Artificial intelligence won't kill journalism or save it, but the sooner newsrooms buy in, the better - Nieman Journalism Lab at Harvard [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- How To Get Your Rsum Past The Artificial Intelligence Gatekeepers - Forbes [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Epiq expands company-wide initiative to accelerate the deployment of artificial intelligence for clients globally - GlobeNewswire [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Preparing the Military for a Role on an Artificial Intelligence Battlefield - The National Interest Online [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Podcast decodes ethics in artificial intelligence and its relevance to public - Daily Bruin [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Global Military Artificial Intelligence (AI) and Cybernetics Market Report, 2019-2024: Focus on Platforms, Technologies, Applications and Services -... [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Artificial intelligence warning: Development of AI is comparable to nuclear bomb - Express.co.uk [Last Updated On: November 20th, 2019] [Originally Added On: November 20th, 2019]
- Google's new study reveals 'Artificial Intelligence benefiting journalism' - Digital Information World [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Artificial Intelligence (AI) in Retail Market worth $15.3 billion by 2025 - Exclusive Report by Meticulous Research - GlobeNewswire [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- With artificial intelligence to a better wood product - Newswise [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Report to Congress on Artificial Intelligence and National Security - USNI News [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Most plastic is not getting recycled, and AI robots could be a solution - Business Insider [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Fujifilm Showcases Artificial Intelligence Initiative And Advances AI - AiThority [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Artificial intelligence could be one of the most valuable tools mankind has built - here's one small but meani - Business Insider India [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Artificial Intelligence: A Need of Modern 'Intelligent' Education - Thrive Global [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Drones And Artificial Intelligence Help Combat The San Francisco Bays Trash Problem - Forbes [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- DesignCon Expands Into Artificial Intelligence, Automotive, 5G, IoT, and More For 2020 Edition - I-Connect007 [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- Is St. Louis ready for artificial intelligence? It will steal white-collar jobs here, too - STLtoday.com [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- IT chiefs recognise the risks of artificial intelligence bias - ComputerWeekly.com [Last Updated On: November 23rd, 2019] [Originally Added On: November 23rd, 2019]
- PNNL researchers working to improve doctor-patient care through artificial intelligence - NBC Right Now [Last Updated On: November 28th, 2019] [Originally Added On: November 28th, 2019]
- How Augmented Reality and Artificial Intelligence Are Helping Entrepreneurs Create a Better Customer Experience - CTOvision [Last Updated On: November 28th, 2019] [Originally Added On: November 28th, 2019]
- Manufacturing Leaders' Summit: Realising the promise of Artificial Intelligence - Manufacturer.com [Last Updated On: November 28th, 2019] [Originally Added On: November 28th, 2019]
- 2019 Artificial Intelligence in Precision Health - Dedication to Discuss & Analyze AI Products Related to Precision Healthcare Already Available -... [Last Updated On: November 28th, 2019] [Originally Added On: November 28th, 2019]
- Artificial intelligence will affect Salt Lake, Ogden more than most areas in the nation, study shows - KSL.com [Last Updated On: November 28th, 2019] [Originally Added On: November 28th, 2019]
- It Pays To Break Artificial Intelligence Out Of The Lab, Study Confirms - Forbes [Last Updated On: November 28th, 2019] [Originally Added On: November 28th, 2019]
- The Best Artificial Intelligence Stocks of 2019 -- and The Top AI Stock for 2020 - The Motley Fool [Last Updated On: November 28th, 2019] [Originally Added On: November 28th, 2019]
- Artificial Intelligence of Things (AIoT) Market Research Report 2019-2024 - Embedded AI in Support of IoT Things/Objects Will Reach $4.6B Globally by... [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- How Augmented Reality and Artificial Intelligence Are Helping Entrepreneurs Create a Better Customer Experience - Entrepreneur [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- SC Proposes Introduction Of Artificial Intelligence In Justice Delivery System - Inc42 Media [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Artificial intelligence in FX 'may be hype' - FX Week [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Fujifilm Showcases Artificial Intelligence Initiative And Advances at RSNA 2019 - Imaging Technology News [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- The Surprising Way Artificial Intelligence Is Transforming Transportation - Forbes [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Artificial Intelligence in 2020: The Architecture and the Infrastructure - Gigaom [Last Updated On: December 2nd, 2019] [Originally Added On: December 2nd, 2019]
- AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks - here are the strat - Business Insider India [Last Updated On: December 2nd, 2019] [Originally Added On: December 2nd, 2019]
- The impact of artificial intelligence on humans - Bangkok Post [Last Updated On: December 2nd, 2019] [Originally Added On: December 2nd, 2019]
- Should the EU embrace artificial intelligence, or fear it? - EURACTIV [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- BioSig Technologies Announces New Collaboration on Development of Artificial Intelligence Solutions in Healthcare - GlobeNewswire [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Artificial intelligence-based fitness is promising but may not be for everyone - Livemint [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Pondering the Ethics of Artificial Intelligence in Health Care Kansas City Experts Team Up on Emerging - Flatland [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Baidu Leads the Way in Innovation with 5712 Artificial Intelligence Patent Applications - GlobeNewswire [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Artificial Intelligence and National Security, and More from CRS - Secrecy News [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Longer Looks: The Psychology Of Voting; Overexcited Neurons And Artificial Intelligence; And More - Kaiser Health News [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Emotion Artificial Intelligence Market Business Opportunities and Forecast from 2019-2025 | Eyesight Technologies, Affectiva - The Connect Report [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- The next generation of user experience is artificially intelligent - ZDNet [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- What Jobs Will Artificial Intelligence Affect? - EHS Today [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Will the next Mozart or Picasso come from artificial intelligence? No, but here's what might happen instead - Ladders [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- Artificial intelligence apps, Parkinsons and me - BBC News [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]
- VA launches National Artificial Intelligence Institute to drive research and development - FierceHealthcare [Last Updated On: December 8th, 2019] [Originally Added On: December 8th, 2019]