The industrial products industry is awash with data. Instrumentation, sensors, machinery, automation systems, production and operation, maintenance records, and health and safety applications collectively produce a constant flow of data. Industrial products enterprises need technology that supports the vertical delivery of insightful data throughout the organization, both to meet consumer needs and to aim for continuous process improvement. To address operating and market concerns – and deliver on the promise of Industry 4.0 – a small group of financial outperformers is using artificial intelligence (AI)/cognitive to do things differently. Here, they share their AI successes.

Most predictions about the job landscape in the next few years involve automation, artificial intelligence (AI) and increasingly-redundant humans. Yes, layoffs are inevitable going forward, but what much of the chatter ignores is that the future will also see employment creation, including jobs that are as yet unheard of. Take the recent'Future of Jobs in India' study, commissioned jointly by FICCI and Nasscom with EY. The report looks at the impact of advanced technologies on 5 key manufacturing and services sectors in India-IT/ITeS, retail, financial services, textile & apparel and auto-that create the bulk of jobs. A key finding was that 9% of India's 600 million estimated workforce would be deployed in new jobs that do not exist today, while 37% would be in jobs that have radically changed skill sets.