Expert Panel® - Alexander Clausbruch Forbes Councils Member
Forbes Technology Council COUNCIL POST
Alexander Clausbruch, CEO North America, Radix, offering operational excellence for asset-intensive industries.
Artificial intelligence (AI) has long been a driving force for business digitization, but 2024 saw the technology reach new mainstream heights.
U.S. company Zoom has made a major announcement trumpeting its "AI-first" product approach. Global businesses have increasingly leveraged generative AI (GenAI)—corporate LLMs—to help democratize employee access to computing power. Meanwhile, AI-powered applications have supercharged decision-making and operational efficiency.
Picture this scene: A floor worker asks a machine (in their native language) how a process can be improved or a problem can be solved. The system then offers suggestions to be implemented in real time, saving time and money. The effects of this scenario multiplied across a workforce of hundreds or thousands can bring exponential and transformative returns.
On a broader basis, businesses are infusing AI into all areas, including resource management, supply chain optimization and energy efficiency.
Undoubtedly, AI has been a powerful enabler of gains across various industries. However, for companies to realize its full potential, they must focus on two crucial areas: data quality and technology adoption.
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