WHY IT MATTERS: Digital Transformation
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Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning

Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning | WHY IT MATTERS: Digital Transformation | Scoop.it

A detailed study of machine intelligence in industrial and manufacturing operations reveals the surprisingly different paths companies can take. But a group of leaders shares similar characteristics.

Farid Mheir's insight:

WHY IT MATTERS: AI delivers real value in the manufacturing and production side of business. The McKinsey report shows ML and AI impacts bottom line more than top line, and that the field remains immature with the need for center of excellence and help from academia. Overall a useful reference when planning for back office and supply chain improvements.

lebens's curator insight, March 16, 2022 9:28 PM
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Nolwandle Mvelo's curator insight, May 19, 2023 2:25 AM

How the use of machinery makes the production process much quicker and effective 

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MIT report explores the next-gen powers of AI for organizations to harness #AI technology and integrate it seamlessly into their #CRM via @MITTechReview

MIT report explores the next-gen powers of AI for organizations to harness #AI technology and integrate it seamlessly into their #CRM via @MITTechReview | WHY IT MATTERS: Digital Transformation | Scoop.it

The golden era of AI is here. But how can organizations best harness the technology and integrate it seamlessly into their CRM? This MIT report explores the next-gen powers of AI for CRM. Download the whitepaper for a deep dive on how Salesforce Platform, embedded with Einstein, turns customer data into predictive insights to deliver the most personalized, intelligent experiences for both customers and employees.

Farid Mheir's insight:

WHY IT MATTERS: this report presents some interesting use case where AI and Big Data are leveraged to automate and extend marketing capabilities for well known retailers and manufacturers.

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Inside the Digital Factory

Inside the Digital Factory | WHY IT MATTERS: Digital Transformation | Scoop.it

Cutting-edge technology gives a glimpse into the future of how things will get made, and what manufacturers must do to stay relevant.

Farid Mheir's insight:

WHY IT MATTERS: factories are being transformed by digital at a rapid pace and this paper provides insights into that transformation, including how technologies are being deployed today.

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Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst

Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef  #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst | WHY IT MATTERS: Digital Transformation | Scoop.it

Disruptive technologies are transforming all end-to-end steps in production and business models in most sectors of the economy. The products that consumers demand, factory processes and footprints, and the management of global supply chains are being re-shaped to an unprecedented degree and at unprecedented pace. Industry leaders who were consulted believe that new technological solutions heralded by the Fourth Industrial Revolution – such as advanced robotics, autonomous systems and additive manufacturing – will revolutionize traditional ways of creating value. As the costs of deploying technology continue to fall, international differentials in labour costs will no longer be a decisive factor in choosing the location of production.

The resulting greater spatial and temporal flexibility brought about by technology will bring locations of production and sale closer together, and drive major changes in the design of future value and supply chains. These trends will change the shape and form of globalization, and thereby impact the trajectory of goods. Regional and local flows will become more important, to the detriment of intercontinental trade.

Farid Mheir's insight:

WHY IT MATTERS: the world economic forum keeps putting out great reports on the impact of digital transformation. I love the illustrations, great summary of key trends and their adoption. Must read.

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Puppy or Muffin? How #deepLearning enabled computer vision & made The Business of Artificial Intelligence possible via @hbr

Puppy or Muffin? How #deepLearning enabled computer vision & made The Business of Artificial Intelligence possible via @hbr | WHY IT MATTERS: Digital Transformation | Scoop.it

What AI can — and cannot — do for your organization.

Farid Mheir's insight:

WHY IT MATTERS: advances in computer vision due to deep learning algorithms has opened a world of possibilities for companies. Read this article and accompanying HBR posts. Great series.

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The Robots are Here: a 30min video on the state of #robots & #robotics in 2017 @su_globalsummit

The robots are indeed already here. I work at a university where my job is teaching students and doing research and robotics and so I really what I want to convey to you today is the trends that I see robotics research going that will ultimately turn into actual products and directions that you might be able to take advantage of in the future.

Farid Mheir's insight:

WHY IT MATTERS : the video provides a great review of the state of technology when it comes to robots and robotics today from one of the leading researcher in the field. The talk is peppered with short videos of actual robots so you get a good sense of what's possible today. But remember that we live in an exponential growth era, so things improve very fast.

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Here's when #robots will start beating #humans at every task @Oxford @Yale

Here's when #robots will start beating #humans at every task @Oxford @Yale | WHY IT MATTERS: Digital Transformation | Scoop.it
A survey of AI researchers tallied predictions for when machines will start beating humans at everything from LEGO assembly to essay-writing.
Farid Mheir's insight:

WHY IT MATTERS: I shy away from these projections but here it comes from scholars at Oxford and Yale so I give more value. Moreover it tracks with the projections I have read from the Singularity is Near and other books on the matter. Moreover I like the visualization because it shows concrete tasks that we can all relate to. And look at the timeline, remembering that 2026 is less than 10 years from now...

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#Robots have a bright future way beyond #manufacturing and into #IT #CustomerService & more @PwC

#Robots have a bright future way beyond #manufacturing and into #IT #CustomerService & more @PwC | WHY IT MATTERS: Digital Transformation | Scoop.it

We explore CEOs’ current perceptions of how robotics in the workplace is shaping their businesses today and in the near future. We also offer our perspectives on how robotics and automation have the potential to be truly transformative in the way they create value within organisations.

Farid Mheir's insight:

WHY IT MATTERS: robots are everywhere and PWC projections from 2014 shows growth in many areas outside manufacturing.

teamfillets's comment, November 3, 2017 10:52 PM
Its really good :)
flaredauction's comment, November 4, 2017 1:00 AM
Its really good :)
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What is Generative Design?

What is Generative Design? | WHY IT MATTERS: Digital Transformation | Scoop.it

If you’re a designer or engineer in the building, infrastructure, or manufacturing industries, you have probably heard about generative design, and maybe you’re excited—or skeptical. Or maybe you’re wondering, what is generative design? Will it pave the road for a new future of making things? Or will artificial intelligence usurp entire governments to become the overlords of 

Farid Mheir's insight:

WHY IT MATTERS

Very simple explanation of generative design with lots of practical examples of its use.

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Project Dreamcatcher #AI #generativeDesign systems offer of glimpse into the future of #Design @Autodesk

Project Dreamcatcher #AI #generativeDesign systems offer of glimpse into the future of #Design @Autodesk | WHY IT MATTERS: Digital Transformation | Scoop.it

What if a CAD system could generate thousands of design options that all meet your specified goals? It’s no longer what if: it’s Project Dreamcatcher, the next generation of CAD. Dreamcatcher is a generative design system that enables designers to craft a definition of their design problem through goals and constraints. This information is used to synthesize alternative design solutions that meet the objectives. Designers are able to explore trade-offs between many alternative approaches and select design solutions for manufacture.

Farid Mheir's insight:

WHY IT MATTERS

Companies are starting to use generative design algorithms based on AI technologies to explore thousands of design options rapidly. Autodesk presents here its dreamcatcher project and describe how that is possible.

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Amazon has developed an AI fashion designer via @O_Laborne

Amazon has developed an AI fashion designer via @O_Laborne | WHY IT MATTERS: Digital Transformation | Scoop.it
An Amazon team at Lab126, a research center based in San Francisco, has developed an algorithm that learns about a particular style of fashion from images, and can then generate new items in similar styles from scratch—essentially, a simple AI fashion designer. The approach is crude and hardly ready for Project Runway, but it hints at the possibilities.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Not only does this experiment show potential for AI to enter the protected world of human creativity, it also signals we soon will be able to go from idea to design to production to sales using AI, automated 3D printing factories and eCommerce. Will we soon see a fully autonomous fashion retailer with no designers, no production staff, no stores that create and sell original clothing?

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#AI investment is growing and touching every industry

#AI investment is growing and touching every industry | WHY IT MATTERS: Digital Transformation | Scoop.it
The CB Insights artificial intelligence deals tracker looks at top AI deals across industries.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

AI startups funding shows that the investments has been growing steadily in the past 4 years and that every industry will be affected by the technology.

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Weekend read: 350 slides Mary Meeker’s 2017 internet trends report - eCommerce is killing traditional retail #1

Weekend read: 350 slides Mary Meeker’s 2017 internet trends report - eCommerce is killing traditional retail #1 | WHY IT MATTERS: Digital Transformation | Scoop.it

The most anticipated slide deck of the year is here. Key takeaways:

  • Global smartphone growth is slowing: Smartphone shipments grew 3 percent year over year last year, versus 10 percent the year before. This is in addition to continued slowing internet growth, which Meeker discussed last year.
  • Voice is beginning to replace typing in online queries. Twenty percent of mobile queries were made via voice in 2016, while accuracy is now about 95 percent.
  • In 10 years, Netflix went from 0 to more than 30 percent of home entertainment revenue in the U.S. This is happening while TV viewership continues to decline.
  • Entrepreneurs are often fans of gaming, Meeker said, quoting Elon Musk, Reid Hoffman and Mark Zuckerberg. Global interactive gaming is becoming mainstream, with 2.6 billion gamers in 2017 versus 100 million in 1995. Global gaming revenue is estimated to be around $100 billion in 2016, and China is now the top market for interactive gaming.
  • China remains a fascinating market, with huge growth in mobile services and payments and services like on-demand bike sharing. (More here: The highlights of Meeker's China slides.)
  • While internet growth is slowing globally, that’s not the case in India, the fastest growing large economy. The number of internet users in India grew more than 28 percent in 2016. That’s only 27 percent online penetration, which means there’s lots of room for internet usership to grow. Mobile internet usage is growing as the cost of bandwidth declines. (More here: The highlights of Meeker's India slides.)
  • In the U.S. in 2016, 60 percent of the most highly valued tech companies were founded by first- or second-generation Americans and are responsible for 1.5 million employees. Those companies include tech titans Apple, Alphabet, Amazon and Facebook.
  • Healthcare: Wearables are gaining adoption with about 25 percent of Americans owning one, up 12 percent from 2016. Leading tech brands are well-positioned in the digital health market, with 60 percent of consumers willing to share their health data with the likes of Google in 2016.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

This is an annual bag of goodies.

Highlight #1: retail stores are closing at record pace while Amazon opens stores. This is such a huge trend because it transforms stores from a mini-warehouse into something else: a destination for experience, service, and training. Think Apple store with the highest sales per square foot, genius bar, classes and a showroom. Amazon has pushed its Amazon GO, no lines, no registers concept and it is rolling it out slowly. This is just the beginning...

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