Yes, it is. In 2011, the world saw the wondrous potential of Artificial Intelligence Technology in action when IBM’s supercomputer Watson, went on to win a quiz show named Jeopardy against a human and became the first computer to achieve this amazing feat. Since then, powerful technologies like Artificial Intelligence and Machine Learning are leveraged to build powerful self-learning programs and products.
Popular products and achievements include:
Combining Artificial Intelligence and Internet of things has resulted into the production of some of the most disruptive products that cannot only harness data but also make sense of it in the sense that it is helpful to humans. The famous Tesla uses these cognitive technologies along with IoT in his cars which learn from themselves and each other while driving in stochastic environments like roads. Tesla cars actively learn from each other while on the road and this enhances the Tesla drivers’ experience. The AI layer is facilitating real-time communication of human and machine and thus easing human experience in a way that is efficient and healthy.
Lean Product Development is a no-nonsense method, that focuses mostly on developing a product that incurs less production expenditure and takes less time in production. This approach, albeit being practical and conservatory, isn’t efficient. Smart production hops the lean product development approach into something more intelligent and efficient at the same time. Embedded with AI and Machine Learning algorithms, products can self-learn and solve problems without being instructed to do so. This saves human effort and hundreds of hours of coding time.
Circuit breakers are equipped to prevent fires due to circuit failure. But the arc-fault circuit interrupter (AFCI) keeps going off even when connected to a safety device which causes unnecessary nuisance and no useful results are obtained. But what if an AI algorithm were to be embedded in the circuit breaker which can help the AFCI realize which devices are safe and which aren’t. So the next time a new vacuum cleaner is attached to the socket, the circuit breaker will recognize it as a safety device and won’t start with the incessant beeping.
Manufacturing is the most crucial stage of product development and the amount of human effort required during the manufacturing phase can be greatly reduced with the help of Machine learning and AI. 3D printers are to be fed with numerous information with meticulous and painstaking detail to ensure accurate production of items. These 3D printers can be fitted with high-performance sensors that are capable of performing an accurate analysis of data thus enabling them to learn how to create parts with fewer defects and inspect them as they come. This is a huge stride in manufacturing as half the responsibilities of the quality assurance team are being shouldered by the part manufacturing machine itself.
Robots are also evolving and are getting smarter as the AI technology is evolving and this, in turn, has helped us humans cut costs and minimize effort at a humungous scale. Our jobs are being done while we sit comfortably on our couches.