self-learning systems

Artificial Intelligence and Future of Work

Artificial Intelligence and Future of Work

Changes and Possible Approaches
Andreas Heindl, Alexander Mihatsch
Artificial intelligence (AI) is already an important part of business models and processes of many companies. In the future, AI systems will pro- foundly change our working environment. AI systems can develop completely new potential for companies in a wide variety of sectors and domains - especially in industry. Existing busi- ness models can be optimized along the value chain by optimizing production flows and processes or avoiding production downtimes with predictive maintenance. At the same time, AI systems can enable completely new business models and thus radically change existing mar- ket structures through new players. The AI economy of tomorrow will be more individual, more precise and more sustainable: Competitive value creation without AI will not be possible in many areas of industry.
Industrie 4.0 Management | Volume 38 | 2022 | Edition 4 | Pages 10-14
Artificial Intelligence for the Future Economy

Artificial Intelligence for the Future Economy

How to develop competitive business models from data
Johannes Winter
Artificial intelligence (AI) and self-learning systems have immense economic potential and are a driving force for digitalisation. Artificial Intelligence is radically changing value chains, business models, and employment in industry. Data-driven services are added to traditional products in almost all industries. Integrating Artificial Intelligence in products and services as well as using data from the production process provides opportunities for new business models in an increasing competitive international environment.
Industrie 4.0 Management | Volume 36 | 2020 | Edition 2 | Pages 43-46