5 Ways Generative AI Can Optimize Asset Management

Introduction

Streamline maintenance planning, increasing asset or equipment dependability, and optimizing processes to improve quality and efficiency are the same obligations that all asset managers face, regardless of the size of the company. In a recent Business Value survey of chief supply chain officers, almost 50% of participants said they had embraced new technology to address obstacles.

Further assistance is on the way in the form of the ability to exert more control over complex asset settings through the combination of classical artificial intelligence (AI) and generative AI foundation models. Massive volumes of unstructured external data are used to train these foundation models based on huge language models. In addition to analyzing and modifying existing data, they can provide replies in text and graphics.

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