Artificial intelligence will have a strong impact on companies

The impact of Artificial Intelligence on European industry will reach 200,000 million euros next year, thanks, to a large extent, to the application of Artificial Intelligence to the management of its assets and resources, according to the Directorate General for the Internal Market, Industry, Entrepreneurship and SMEs of the European Commission. These technologies have proven essential to streamline manufacturing processes, perform predictive maintenance and improve customer knowledge, according to specialists from the firm. Keepler Data Tech.

Along the same lines, the consultancy KPMG calculates that AI can generate a positive impact that increases industrial productivity as a whole by 15%. According to this analysis, the industry is taking advantage of technologies to boost its productivity and performance and, specifically, Artificial Intelligence opens up innovative possibilities, such as flexible and efficient production, especially in the manufacture of complex and increasingly personalized items, in small series. and very oriented to the specific needs of each client.

This strong impact of AI in industrial companies translates, in practice, into three great benefits for the current industry, according to experts from Keepler Data Tech.

Three great benefits of Artificial Intelligence in companies

A very significant point is that the number of errors is significantly reduced, thanks to intelligent algorithms that are responsible for performing repetitive tasks, for example, with greater precision and less margin of error. Additionally, AI facilitates predictive maintenance of industrial assets, which reduces the need for manual and scheduled supervision, avoiding unnecessary stoppages of the systems or reducing the risk of stoppage due to wear or tear of machinery. This means significant cost savings and allows lightening human work, who do not have to carry out repetitive tasks and can dedicate themselves to tasks of much higher value, critical to the business and requiring further attention.

Third, AI helps improve economic results and favor managers’ decisions, providing them with more accurate, faster and contextualized data. As a result, and according to another recent report from the analysis firm Everest Group, manufacturing companies can reduce their costs up to four times, thanks to Artificial Intelligence.

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Among the functions that will be improved with intelligent automation, employee productivity, operational efficiency and quality, delivery times and process management stand out, all of which are key to boosting the overall performance and results of an organization. organization, as stressed by the same firm. The same study anticipates that company revenues will double in two and a half years, obtaining a 55% improvement in customer experience and 52% in employee experience..

As it explains Pablo Ríos, Business Development Manager for the industrial sector, at Keepler Data Tech: “Artificial Intelligence is one of the enablers that brings the greatest benefit to industrial sectors and is an important catalyst in the field of Industry 4.0, which is an obligatory step for any manufacturing company that intends to increase its competitiveness in a changing and uncertain environment like the current one. According to Gartner, by 2025, 10% of companies that use AI will generate at least three times more value for their business than 90% of companies that do not.

As stressed by the head of the sector“we really believe that the benefits of AI in industrial environments are proven and the great challenge is to scale these projects and go from a proof of concept or laboratory mode, to the production phase, to really impact the business.”

To take advantage of the full potential of Artificial Intelligence in industrial environments, it is also necessary to implement certain previous steps that allow the different formats and sources of data to be unified, in the same storage that favors its integration in analytical environments, as well as taking into account The proper governance of the data and its subsequent exploitation must be taken into account, so that its impact on the productive processes is effective and reports the results and efficiencies that are sought, conclude the specialists from Keepler Data Tech.

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