Mitigating Market Disruptions Using AI in Manufacturing
Nick Boyer, Director of Strategic Consulting at PROS, explains how using AI in manufacturing can mitigate market disruptions
Over the last couple of years, the manufacturing industry has had to face a myriad of challenges and disruptions, from Brexit to a global pandemic, supply chain issues and now inflation. These periods of volatility have triggered a substantial investment in digital transformation within the sector, in order for manufacturers to remain agile and survive.
Manufacturing is data-rich, it is more and more critical to use this data as an intelligent resource to guide decision-making in order to optimise cost, revenue and margin. Which is where artificial intelligence (AI) steps in. Profound and far-reaching digital transformation can only occur when manufacturers embrace the power of AI to drive decision-making. Without this, the effectiveness, profitability, and long-term success of digital transformation is compromised.
Ida Byrd-Hill is a futurist, economist and CEO of Automation Workz, a cybersecurity reskilling and diversity consulting firm. She is author of Invisible Talent Market, a Black Labor Economics History book. She holds an MBA from the Jack Welch Management Institute at Strayer University, with a specialization in People Management/Strategy and a BA Economics from the University of Michigan- Ann Arbor. Byrd-Hill has appeared in Associated Press, BBC, Crain’s Business Detroit, CW Street Beat, Cybercrime Magazine, Daytime NBC, Detroit News, Detroit Free Press, Essence Magazine, Good Morning America, Let It Rip, Michigan Chronicle, Model D, NPR, PBS, and X-conomy. www.autoworkz.org/diverse-lens
