AI & COVID-19: Optimize

To maintain operations at the onset of COVID-19, corporations took swift, unprecedented action to counteract the pandemic’s sweeping impacts on market demand, workforce, supply chain, short-term costs and liquidity. For many corporations, this involved redirecting investment from long-term initiatives to short-term remedies. For others, expediting the execution of long-term strategies was critical to survival.

Corporations that chose to accelerate, rather than delay, their digital transformation initiatives are now leveraging Artificial Intelligence to enhance employee safety and security, reduce short-term costs and improve liquidity. In the mid-term, that same investment will allow them to stabilize revenue, further reduce OPEX, prioritize CAPEX, and lay the groundwork for competitive advantage.

How will Artificial Intelligence empower corporations to build resilience and optimize performance amidst supply chain disruption?

Elutions’ highly-automated and autonomous Artificial Intelligence solution, Maestro, integrates value chain systems and infrastructure to dynamically coordinate activity and optimize net performance, improving OPEX, CAPEX, yield and revenue.

The following Artificial Intelligence use cases are paramount to building resilience and optimizing performance in industry:

  • End-to-End Operational Alignment & Planning: By overlaying and interconnecting enterprise systems, assets and processes with AI and automation, corporations gain granular visibility and foresight into enterprise-level performance and risks, and unparalleled agility in aligning operational parameters, activities and decision-making across processes, enabling otherwise unachievable improvements in operating costs, yield and revenue.

  • Dynamic Process, UCP & Yield Optimization: By enabling dynamic, system-driven performance prediction and operating parameter adjustment at each stage of production, automated Predictive Preventative Maintenance work-order creation at the asset-component level, and automated alternate control sequencing in the event of a sensor, asset or process failure, corporations autonomously optimize process efficiency and product quality while avoiding unplanned downtime, minimizing the Unit Cost of Production, maximizing effective capacity, throughput and yield, and stabilizing revenue in line with design capacity.

  • Predictive CAPEX Planning & Budgetary Prioritization: By autonomously modeling asset health, availability and use-life, business-casing the margin impact of replacement vs continued O&M, and prioritizing CAPEX projects in line with their projected impacts on safety & security, uptime and margin, corporations plan and allocate CAPEX with unparalleled precision, efficiency and flexibility, optimizing IRR.

  • Value Chain Visibility, Scenario Modeling & Strategy Execution: By overlaying and interconnecting value chain systems and processes with AI, corporations gain unprecedented visibility and foresight into value chain performance and risks, certainty in strategic planning via scenario modeling, and oversight in execution, altogether allowing corporations to proactively manage rather than reactively respond to value chain opportunities and disruption.

Beyond mid-term resilience and performance optimization, corporations have placed their bets on Artificial Intelligence to thrive in the long-term. Stay tuned for more market intelligence on how AI is helping corporations gain competitive advantage.

Up Next: AI & COVID-19: Transformation

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Solved: Dismantling the Silo

We are living in a world that is obsessed with connectivity yet so many large corporations are still working in silos. How can a corporation become connected and move towards Industry 4.0 if their data and systems are trapped in silos? This is a problem many corporations, big and small, face today. In order to understand and address the problem, first we must understand the silo. There is a solution, there is a path forward and Artificial Intelligence can lead the way.

Silos are created when information, goals, tools, priorities and processes are not shared with other departments and this pitfall becomes enforced by corporate culture. An effort to achieve the lowest overall cost and best functionality for different departments, or in the case of some manufacturers the same department in different plants, has created disparate data. Many systems are programmed to not function well together or only function in a stack but there is technology out there dedicated to dismantling the silo.

Executives often get into the trap of thinking the only way to advance into Industry 4.0 is to update disparate systems and increase capital expenditures. What many execs and people in all corporate functions do not yet understand is that Artificial Intelligence (AI) can be the systems connector. The entire premise of AI is built on the notion of interconnected information that may have previously been thought to be unconnected entirely. It is entirely unnecessary for a corporation to increase CAPEX when working with the right AI provider.

In order to get the most accurate picture of underlying issues within the corporation, AI must be able to connect to a vast amount of data from many different silos. This doesn’t mean that you have to dismantle the silos, you just need the right AI connector…. Let Artificial Intelligence be your Silo Dismantling Agent.