Crystal Ball 2021: AI Combatting Disruption due to COVID-19

Today’s world is increasingly surrounded by fear. Not just fear of COVID-19, but also of the unknown fears: loss of market share to a competitor, the creeping suspicion that businesses may be outperforming yours, everywhere, all the time. Business leaders need to grasp the understanding that the cost of doing nothing now, significantly outweighs the cost of taking action later.

It can be said with confidence that 2020 has been defined by COVID-19 and its impact to families, consumers and especially businesses in all industries around the globe.

Thus, our fourth and final prediction for Artificial Intelligence in 2021:

AI Combatting COVID-19 Disruption.

Crystal Ball Predictions 2021: This article emphasizes AI Combatting COVID-19 Disruptions

COVID-19’s disruption significantly impacted numerous industries, not the least of which include Chemical Manufacturing, Oil & Gas, Higher Education and more. Elutions continues to address COVID-19 related business challenges and more through Maestro’s AI capabilities. There is more pressure than ever on these corporations to make 2021 a year to rebound from demand, workforce reduction, production, shipping and more. The use of holistic end-to-end Artificial Intelligence, namely Maestro AI, provides a bright and ready solution for unmatched speed to value. 

There has never been a time in modern history like 2020 where the increasingly urgent necessity for immediate solutions to business quandaries has been met with an equally robust solution as Artificial Intelligence. In the consumer space, we see this with AI enabled chatbots as a solution to the increasing customer service demands of consumers who are now spending more time than ever online shopping.

But what about a solution to address the onslaught of shipping as a result of shifted consumer purchasing habits due to COVID-19? Maestro is leading the way, helping shipping companies optimize their process from the warehouse down to the delivery route.

Source: Gartner

For further proof that the market, as a result of COVID-19, is responding to AI in leaps and bounds, the above information from a Gartner study of IOT implementation stated that 47% of respondents will be increasing their plans to implement to reduce costs.

In the commercial space, the use of AI in the pharmaceuticals and healthcare industry is top of mind, especially with the fast-tracked COVID-19 vaccines. An already overwhelmingly positive impact of AI, due to COVID-19, is the ability to develop vaccines and medications with greater speed than ever before, leading to change in the entire process of how we develop and test new medications for the future.

But could AI be the “vaccine” all industries need to improve future demand forecasting, prevent future disruption and stabilize now?

The answer is a resounding “yes”.


The increased demand for Artificial Intelligence has already been observed in 2020 and the adoption of AI will be widely implemented in 2021. Let 2021 be a year of digital transformation with Elutions as your partner. To learn more about specific case studies of Maestro Artificial Intelligence applied, please contact us.

Click subscribe below to be kept up to date and notified of our upcoming articles.


Processing…
Success! You're on the list.


Crystal Ball 2021: AI to Solve the Unsolvable

We have never been closer to the precipice of a digital future than we are right now – this future is defined by those who make the commitment to move to a digitized environment and where those who do not inevitably fall behind. The trend towards Artificial Intelligence’s commercial use and application has been on the rise for several years, making businesses that were quick to adopt its power more productive and more efficient as a result. Business leaders must take action and make the choice in order to preserve the future of their business.

As we look toward an uncertain future, our third prediction for Artificial Intelligence in 2021 is revealed:

Applying AI to solve what were previously considered to be unsolvable business challenges as well as new business challenges from the evolving world we live in.

Crystal Ball Predictions 2021: This article emphasizes Solving Unsolvable Business Challenges

Artificial Intelligence is becoming more ingrained in our society on a daily basis and, as illustrated in the graphic below, the benefits are substantial. With a predicted spend of nearly $60 Billion in 2021 on cognitive and AI systems, it is important for business leaders to consider all challenges as opportunities in order to optimize the value-chain’s performance and profitability through Artificial Intelligence.

Statistics for 2021

61% of business executives currently implementing an innovation strategy say that AI helps them identify otherwise missed opportunity in data.

AI is helping businesses solve challenges they may not have known even existed, especially with holistic solutions such as Maestro AI, able to not only determine but take action on root cause variables. Today there is increased pressure on leaders to continuously improve performance with less resources, thus creating the perfect opportunity for digital transformation.

At Elutions, AI is the missing link in addressing a business challenge that is so great that even the most proficient teams of data scientists are unable to solve it. After all, the objective of AI, and is the case with Maestro’s AI, is to continuously ensure optimized outcomes with certainty, when so many dynamic variables impact operations that point-in-time analysis is irrelevant and the required speed, scale and depth of analysis is beyond human and standard algorithmic capabilities.

The upcoming new year, 2021, will kick off a massive wave for years to come towards implementing AI in all facets of business, particularly process heavy industries. Business leaders are prepared to capitalize on the benefits of AI and improve their productivity as well as decision-making capabilities.

To learn more about solving your unsolvable business challenges and Maestro Artificial Intelligence applied, please contact us.

Click subscribe below to be kept up to date and notified of our upcoming articles, including the next piece in the December Series- A Look Into the Crystal Ball: AI in 2021.


Processing…
Success! You're on the list.


Crystal Ball 2021: The Digital Leapfrog

The term “leapfrog” may evoke childhood memories of playing on the playground where the idea of leaping over your friends like a frog leaping towards its destination made more sense than conventionally walking there. But in the context of technological advancement, you may be asking yourself, “what does leapfrogging actually have to do with digital transformation or Artificial Intelligence?”

Enter our second AI prediction for 2021:

Comprehensive Artificial Intelligence platforms, such as Elutions‘ Maestro, will act as a digital leapfrog to bypass outdated systems, investments in new infrastructure and out-navigating your competitors.

Holistic 
Al 
Digital 
Leapfrog 
Solving Unsolvable 
Business Challenges 
Combat Covid-19 
Disruptions
Crystal Ball Predictions 2021: This Article Emphasizes The Digital Leapfrog

The concept of leapfrogging is not new, in fact it has been used in industrial organization and economic growth for many years. However, the concept of using new technologies, such as AI, to leapfrog various stages of technical infrastructure or development is quite revolutionary. The digital leapfrog makes the notion of gradual upgrades/ development obsolete and introduces the ability to disrupt the developmental stages with one huge leap past steps that may have otherwise taken years and significant financial investment to implement. The idea that growth must follow a linear pattern can be tossed aside with just one leap, if only a corporation is ready to make the jump.

Digital Leapfrogging has not been widely reported upon, written about or discussed by the consultancies and large tech companies of the world, for strategic reasons on their part. A simple google search will not produce much on the topic, but why?

The leading corporations of the world have made a fortune off of convincing businesses to follow the antiquated path of upgrading their “technological stack” or selling them on the notion that they need to purchase/ implement additional technology, such as data lakes, prior to adopting Artificial Intelligence. This approach has been utilized for many years as a tactic to get as much business from a single client as possible. This sales model has had a widespread impact on industrial purchasing and is ingrained in such a way that the digital leapfrog might seem impossible as it disrupts this entire process. Rest assured, the digital leapfrog is not only possible, taking the leap vastly increases a business’ speed to value.

The digital leapfrog presents the opportunity to use existing systems to “leap” past the competition, without additional cost, and into the future with Maestro Artificial Intelligence.

Our prediction is that, due to the uncertain times we are living in and the need not only for stability but also for exponential growth, the time of linear progression & upgrading the technological stack is long gone. Not only is it extremely costly to continuously invest in a tech stack, in most cases it is entirely unnecessary or made redundant when the end goal is an Artificial Intelligence implementation. In this day and age, many businesses are in desperate need of speed to value, something that only a digital leapfrog can provide.

Many industries are poised to benefit from Artificial Intelligence as a leapfrog, including Healthcare, Education, Telecom and Banking but those with the opportunity to use AI as a transformational leapfrog are Industrial & Chemical Manufacturing, Utilities and Oil & Gas corporations. Many manufacturers, utilities and O&G corporations run large, and sometimes international estates, with a multitude of plants or sites that may all have disparate systems, or existing infrastructure/ assets that varies in age, lifecycle and capability, the perfect environment for Maestro AI as a leapfrog.

It may all seem too good to be true, this is revolutionary and can be difficult to accept due to established procurement and purchasing habits that have been plaguing businesses for years, but it is possible with the right partner. Most leaders and organizations want breakthroughs but many of the large tech corporations are not willing to provide true innovation. The team at Elutions specializes in breakthroughs, using Maestro AI not only to leapfrog internal technological development with its ability to connect previously disparate assets, infrastructure and systems, but also to leapfrog past the competition with unrivaled speed to value.

In 2021 we will see a rapid increase of AI adoption as a digital leapfrog. Let 2021 be a year of digital transformation with Elutions as your partner. To learn more about specific case studies of Maestro Artificial Intelligence applied, please contact us.

Click subscribe below to be kept up to date and notified of our upcoming articles, including the next piece in the December Series- A Look Into the Crystal Ball: AI in 2021.


Processing…
Success! You're on the list.


Crystal Ball 2021: A Push Towards Holistic Artificial Intelligence

According to the International Data Corporation (IDC), a premier global market research company, “Artificial Intelligence and machine learning are top of mind for most organizations today, and IDC expects that AI will be the disrupting influence changing entire industries over the next decade.” Given the important role that Artificial Intelligence will play in digital disruption in the coming decade, it’s important to define what AI really is.

There are many buzzwords in the AI space leading to confusion in the marketplace and a deep misunderstanding of what AI is and what it is capable of achieving. AI is not one thing, it’s a generalized term for software or a platform that can imitate human intelligence and can be applied in a virtually limitless number of ways. Buzzwords like, neural networks, deep learning, natural language processing and machine learning can all roll up into the tight little bow of Artificial Intelligence and they are the building blocks which an AI platform uses to “learn” for itself.

Smart Home 
home devices os th«most.ts, coffe 
and TVs a habits to 
de•.ælop "q_'pport• eæryday 
Applietions irulude 
entertainment, access , 
Smart Industry 
ring 
Au tom 
2 
grid s 
Wearables 
Wearable devices continuously rru'nitor trock 
user preferences habits. Applications include 
fitness health trackers, heart rate 
wirele-% o rd A R/VR 
0-0 
AR/VR 
Smart City 
Srr.t cities Out integrate .11 of 
municipal Me b æming %fer, 
rwe t to 
irxlude data 
bett« 
and public 
through smart traffc 
art pub 
i ghts
A snapshot at how embedded AI already is in our day-to-day lives
Source

AI can be applied in many different ways. We see AI being applied in our everyday lives if we have a smartphone that uses facial recognition to unlock, an Amazon Alexa to tell us the news and through social media, take TikTok’s notoriously smart algorithms that make the platform so addictive. AI is all around us, even commercially, though the commercial space has been slower to adopt AI technologies.

The commercial space has predominantly taken a more ‘piecemeal’ approach to adopting digital technologies, yet to fully capture the benefits of true artificial intelligence due to the use of discreet solutions, like advanced analytics or automation only to target a piece of their full process. There are many use cases of automation on manufacturing lines or chatbots in the customer services department but what about a holistic end-end approach?

Enter the first AI prediction for 2021

Holistic, end-end Artificial Intelligence, like Elutions’ Maestro, will replace the currently isolated approach to adoption of discreet digital technologies.

Crystal Ball Predictions 2021: This Article Emphasizes Holistic AI

Leaving behind solutions, touted as AI, that only addresses one piece of the process, like predictive maintenance, and adopting true AI that is self-learning, self-adapting and applied in an end-end approach to drive and even automate actionable intelligence across the entire value chain is the way of the future. The piecemeal approach may have worked in the past but with the new normal we are living in businesses need to begin thinking about their processes as if they were living, breathing beings.

Let’s think about it this way, if an overweight patient goes to the doctor and they are experiencing knee pain, a pain killer or a cortisol shot might address the pain right away and in the short term, but what about addressing the root cause? The doctor can see the full picture and knows that for sustained change, the patient will have to lose weight to rid themselves of their knee pain.

Now, let’s apply this analogy to a manufacturing plant, the plant is the patient and Holistic Artificial Intelligence is the doctor. A discreet solution, one that perhaps only addresses maintenance, is only able to impact one specific point in the manufacturing process, this solution can only prescribe a painkiller. However, an end-end solution is capable not only of detecting the root cause of a maintenance issue, but also addressing the pain point, it’s chain effect on the process, prescribing and in the case of Maestro, automatically implementing a holistic solution.

A great approach for businesses to best take advantage of AI, whether they are a University, Manufacturer or an Oil and Gas corporation is to focus on outcomes and addressing pain points. Businesses must focus deeply on their individual challenges and use Artificial Intelligence to address them as a whole. For example, many manufacturers experience asset downtime and plant failure as a major site challenge, a challenge that can be addressed and significantly reduced, if not eliminated entirely, with a holistic end-end AI approach.

In 2021 we will see a rapid increase of AI adoption to address a host of challenges across the entire value chain. Let 2021 be a year of digital transformation with Elutions as your partner. To learn more about specific case studies of Maestro Artificial Intelligence applied, please contact us.

Click subscribe below to be kept up to date and notified of our upcoming articles, including the next piece in the December Series- A Look Into the Crystal Ball: AI in 2021.


Processing…
Success! You're on the list.


December Series- A Look into the Crystal Ball: Artificial Intelligence in 2021

It’s hard to believe that another year has come and gone, given how strange 2020 has been, but here we are in December looking back on a trying year for many and looking forward to 2021. The team at Elutions, and Solve the Unsolvable, are looking into our Crystal Ball to make our predictions for Artificial Intelligence and the Digital Landscape in 2021. Get excited, because AI is trending up again in 2021.

Some of the large trends we see for 2021 include, a move away from discreet solutions to a holistic end-end approach, using AI as a digital leapfrog to reduce spending, using AI to address previously unsolvable problems, new use cases and finally AI as a way to continue to combat disruption from COVID-19.

A Look into the Crystal Ball: AI in 2021

Go ahead and click subscribe below in order to keep up with our December Series- A Look Into the Crystal Ball: AI in 2021.


Processing…
Success! You're on the list.



National Chemistry Week Celebration!

Each year in the United States, since the late 1980s, the American Chemical Society (ACS) has designated a week, National Chemistry Week (NCW), to celebrate and promote to the public the positive changes in the Chemical Industry. This year’s NCW theme is “Sticking with Chemistry” with a focus on Glues and Adhesives, something that touches all of our lives, almost daily and especially the lives of children. While the ACS predominantly focuses on educating elementary and secondary school children, we would like to share our thought leadership with businesses around the globe.

As a company with several partnerships within the Chemical Industry, including a membership in the Chemicals Industry Association in the United Kingdom, Elutions is excited to share the positive changes we, and Artificial Intelligence in general, have made through Chemical Themed articles celebrating this year’s National Chemistry Week from October 18th through October 24th.

Please check out our upcoming articles on Monday 10/19, Wednesday 10/21, and Friday 10/23 about the positive changes being made, specifically in the Chemical Manufacturing Industry, through Artificial Intelligence and our AI platform, Maestro.

To learn more about Maestro, please contact us.


Up Next for NCW: Digitization and Chemical Manufacturing


Stay up-to-date on this series and all of our industry disrupting insights!

Processing…
Success! You're on the list.


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 for NCW: Digitization and Chemical Manufacturing


Processing…
Success! You're on the list.


College and University Campuses can Combat COVID-19

It’s graduation season around the world and for what seems like the first time, graduation will not commence per usual. The celebratory hustle and bustle of college campuses at this time of year is now replaced with empty classrooms, haunted hallways and desperate hopes that students will return in the Fall. The truth is, nobody knows what will happen in the Fall semester, but students aren’t the only ones feeling the immediate impacts of campus closures. Colleges and Universities are now scrambling to address not only the concerns of parents, students, and staff but also the significant impacts on endowments, revenues and their budgets going forward.

An Inside Higher Ed survey of 172 campus leaders shows that the number one concern remains bringing the students back to campus safely and continuing their high standards for education off campus. However, the financial focus is right up there, “more presidents citing a desire for financial health and operational planning support (60 percent) than for anything else.” Artificial Intelligence can address operational concerns while freeing up financial resources for other concerns such as faculty training and instructional technology.

Source: Inside Higher Ed

While revenues are experiencing immediate impact, the need to protect buildings and assets, ensure environmental compliance is met, and reduce building baseloads becomes more critical as staff and services are less present. After all, students need a campus to return to. Artificial Intelligence, and Maestro specifically, is primed to not only address these impacts in the immediate term but provide long-term stability and digital transformation.

At an operational level, buildings have been closed but the need to maintain them to prevent asset degradation and compliance requirements still need to be met. With fewer people onsite to identify and manage issues and IT stretched with online learning, now more than ever AI and autonomous or remote adoption of solutions need to be applied. At this point, it is likely that there are already significant maintenance backlogs, which AI can address and mitigate future negative impacts of.

The short-term, mid-term and long-term impacts can all be addressed through Maestro artificial intelligence in the following ways:


Short Term: Reduce costs, ensure compliance and protect assets through improved approach to managing assets with limited onsite staff. Optimize baseloads. Identify and prioritize critical failures. Iron out inconsistencies in data. Move to PPM.

Mid Term: Significant cost savings in resource efficiency, maintenance, increase asset life use, reduced capital expenditure.

Long Term: Enhanced scenario modelling for space optimization and asset acquisition ROI assessments.

Benefits like this can be achieved through Maestro’s artificial intelligence and neural network computing capabilities to target significant energy and maintenance cost reduction opportunities through automated, no-cost measures across the campus, eliminating the need for direct human interaction with the on campus assets. A run-rate to deliver a benefit of >$20m annually could easily be achieved in as little as 60 days through a rapid deployment of the technology and the prioritization of the highest energy cost consuming facilities.

In an effort to focus on creating a stable environment for students to come back to, Higher Education Institutions must turn to AI as a remedy for immediate negative financial and operational impacts caused by COVID-19. To learn more about how AI can turn your business operations around, stay tuned for our COVID-19 & AI series or contact our team today to learn more.


Processing…
Success! You're on the list.


AI & COVID-19: Stabilize & Survive

In the midst of the COVID-19 pandemic, why are corporations accelerating rather than delaying their digital transformation initiatives? The pandemic’s unprecedented impact on demand, workforce, supply chain, short-term costs and liquidity has forced corporations to take immediate, strategic action to maintain operations. In exploring their means of stabilization and survival, corporations found that Artificial Intelligence is uniquely positioned to ensure business continuity in the short-term, with its proven value in improving employee safety & security, short-term costs and liquidity.

While no industry has proven immune to the pandemic, the depth and breadth of its disruption in the manufacturing vertical clearly demonstrates why corporations have adopted transformational technologies over traditional solutions to beat COVID-19. Manufacturers have felt the acute pressure of COVID-19 in their plants and across their value chains.

  • Demand: Sharp declines in demand across non-essential product segments have disrupted each step of the value chain, driving significant earnings adjustments; essential goods producers are struggling to continue operations with heightened risk, and to satiate demand with unprecedented operating and supply chain limitations.
  • Supply Chain: Despite the geographic diversity of supplier networks, sudden overseas supplier shutdowns and domestic fulfillment delays have disrupted if not halted downstream activity, depleting on-hand inventory, prompting a rapid search for market alternatives, and driving material and part shortages, price increases, and an expected spike in upstream transportation costs as restrictions lift.
  • Workforce: Rapid adoption of new distancing protocols, shift structures and offsite resourcing arrangements have ensured employee safety & security, but constrained operating efficiency, quality, throughput and yield; deferred critical asset maintenance and replacement have increased downtime risk and may increase mid-term CAPEX obligations.
  • Short-Term Costs: Essential and non-essential product manufacturers have made significant adjustments to minimize variable costs, maintain business operations, and operate in an environment of significant macroeconomic and trade policy uncertainty, including layoffs, furloughs and temporary plant closures.
  • Liquidity: With strong macroeconomic headwinds, demand and supply side disruption, and constrained operational agility, liquidity is a principal concern of manufacturers that will not be alleviated at the moment restrictions are lifted, but gradually as the supply chain and broader economy rebound.

How is Artificial Intelligence empowering corporations with substantial value chain disruption to act fast and weather the storm?

Elutions’ highly-automated and autonomous Artificial Intelligence solution, Maestro, leverages historical data, deploys rapidly and delivers immediate improvements in safety & security, short-term costs and liquidity. The following Artificial Intelligence use cases are paramount to ensuring business continuity in manufacturing.

  • Remote Operability, Operational Automation & BEP Adherence: By enabling remote asset and process control, visualization and planning, and automated system-driven asset and process optimization, corporations ensure operational continuity, resilience and efficiency, improving employee safety & security, reducing labor requirements and operating costs, and increasing cash-on-hand.
  • In-Line Quality Assurance & Scrap Reduction: By enabling automated quality prediction and dynamic operating parameter adjustment at each stage of production, manufacturers autonomously ensure end-product quality, minimize scrap and rework, and optimize the Unit Cost of Production as conditions change, improving operating margins, yield (revenue), and liquidity through minimized waste.
  • Dynamic Downtime Prevention & Predictive Preventative Maintenance: By enabling dynamic, system-driven alternate control sequencing in the event of a sensor, asset or process failure, corporations autonomously avoid unplanned downtime, associated repair and replacement costs, and foregone revenue. With system-driven Predictive Preventative Maintenance and automated Work Order creation, corporations minimize downtime and production risk, extend asset use life, generate significant savings through right-time, right-size maintenance, and improve safety & security through truck-roll consolidation.
  • Market, Demand & Capacity Driven Procurement & Inventory Management: By continuously predicting raw material costs, sales and capacity alongside the live environment, and enabling automated procurement and IM directives, corporations optimize operating productivity, inventory levels, and the margin value of Inventory on-hand. Similarly, by continuously predicting replacement part costs, process demand alongside forecasted utilization, and automating replacement part purchasing, corporations optimize part inventory levels, reduce short-term costs and improve liquidity.

Beyond short-term survival, corporations have placed their bets on Artificial Intelligence to thrive in the mid-to-long-term. Stay tuned for more market intelligence on how AI is helping corporations build resilience and optimize operations.


Up Next for NCW: Digitization and Chemical Manufacturing


Processing…
Success! You're on the list.



AI & COVID-19

Throughout modern history, several infectious diseases have spread with sufficient speed, scale and severity to be considered pandemics. Malaria, Smallpox, H1N1, and HIV/AIDS, which remains active, made the list. COVID-19, however, is in a league of its own. The last pandemic of comparable economic impact, if not on human life, was the Spanish Flu, which directly followed WWI and wrought havoc in a significantly less interconnected world than the one in which we live today.

The Global Impacts of COVID-19 have already been unprecedented. “Stay-at-home,” “social-distancing” and travel and trade restrictions imposed to protect public health have had devastating impacts on the global economy, supply chain and employment. How and when this pandemic will end remains unclear. What is certain is that businesses now face an existential threat, and their leaders must take immediate action to set and execute strategies to weather the storm and ensure they are prepared for future economic, operational or human crisis.

In a time when “non-essential” businesses have been forced to shutter operations or shift to remote collaboration, and “essential” businesses face unparalleled demand alongside novel operational and supply chain challenges, how can manufacturers, O&G companies, airports, utilities, universities and other major businesses survive?

If they adapt quickly, can they thrive?

The answer to this question for industry lies in the adoption of end-end Artificial Intelligence.

Over the next few weeks, we will dive into the major business impacts of COVID-19 and how Elutions Artificial Intelligence platform, Maestro, is addressing them across multiple verticals.  We strongly believe that businesses that successfully and swiftly adopt automated, autonomous applications of AI and rethink their business models will be the ones realizing a competitive advantage once we return to a “new normal”.

Inspired by industrial trends a multitude of sources, reports by McKinsey and many others, Elutions’ AI & COVID-19 Series will specifically address the themes of Survival, Optimization, and Transformation. 


Survival: Artificial Intelligence applied immediately to stabilize business operations.

Optimization: Artificial Intelligence’s intermediary impacts, growing and preparing for a “new normal.”

Transformation: Artificial Intelligence’s long-term impacts in a post-pandemic landscape.


Check back in with us weekly for new content on how to address the business impacts of COVID-19 through the strategic application of end-end Artificial Intelligence.


Up Next for NCW: Digitization and Chemical Manufacturing


Processing…
Success! You're on the list.