Artificial Intelligence Creates A New Industrial Age – Metrology and Quality News - Online Magazine

Digitization has been as revolutionary for industry as the introduction of electricity. Now artificial intelligence (AI) and big data are generating new opportunities – and a number of challenges. In the "Artificial Intelligence in Europe" report published by consultancy firm EY, some 57 percent of the companies surveyed expect AI to have a significant or very significant impact on business areas that are "entirely unknown to the company today," and 65 percent expect AI to have a significant or very significant impact on their core business. "The opportunities generated by digitization in general are game changers in most sectors, which is one reason why digital solutions have gained a strong foothold in different parts of society," says researcher Daniel Langkilde, who develops AI solutions for Scania, Volvo and other major companies. Digitization lays the foundation for entirely new business models, sometimes simultaneously throwing out the old models.