AI in production: A game changer for manufacturers with heavy assets

In view of the attention it has received of late, it is easy to think artificial intelligence (AI) is a new discovery. In fact, the concept appeared in the mid-1950s. Because it was ahead of the technology then available, it languished on the shelf of "interesting ideas" for years. Today, artificial intelligence is commonplace. Navigation systems in cars, fitness apps, Alexa and Siri, Amazon, Netflix, weather forecasting, and high-speed stock trading are among current must-have AI applications.