IBM has announced it plans to spend $240 million over the next ten years to develop an artificial intelligence (AI) research lab with the Massachusetts Institute of Technology (MIT). Anytime these two powerhouses collaborate and put their money where their mouth is, we should at least pay attention and consider the significance. AI is popping up in conversations everywhere as all type of organizations and industries are seeing the significance of AI technology. I don’t even have to look very far. My mom said her Amazon Alexa was one of the best presents she has ever received. (And that’s solely for the ease of the alarm!)
What Should We Consider and/or What Impacts Could Arise?
Artificial intelligence is certainly a hot topic! However, it isn’t just hype. Proctor & Gamble improved unplanned downtime by 10-20% with AI. Siemens is using AI to optimize industrial facilities and is employing it for a wide variety of other applications in areas such as energy distribution, electric motors, and rail technology. There are a vast number of uses. It’s time to start thinking about how it could affect your industry.
Are any of your current partners (suppliers, IT/ERP etc.) researching AI? You do not have to do it alone. Do you want to lead these efforts or pay attention to what is going on around you? Or, perhaps like IBM and MIT, you want to create a new partnership? It is a strategic decision. One way or another, if you aren’t at least paying attention, you will be passed by.
Read more about technology trends in supply chain.
About LMA Consulting Group – Lisa Anderson, MBA, CSCP, CLTD
Lisa Anderson is the founder and president of LMA Consulting Group, Inc., a consulting firm that helps manufacturers and distribution organizations innovate, elevate and transform their end-to-end supply chain to align with customer demand. Ms. Anderson has been named a Top 50 ERP Influencer by Washington-Frank and ranked in the top 46 most influential in Supply Chain by SAP. She recently published, I’ve Been Thinking, an inspiring collection of 101 strategies for creating bold customer promises and profits. She is a regular content contributor on topics including supply chain, ERP and SIOP and is regularly interviewed and quoted by publications such as Industry Week, tED magazine and the Wall Street Journal. For more information, to sign up for her Profit Through PeopleTM Newsletter or for a copy of her book, visit LMA-ConsultingGroup.com.
Media Contact
Kathleen McEntee | Kathleen McEntee & Associates, Ltd. | p. (760) 262 - 4080 | KMcEntee@KMcEnteeAssoc.com
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