What Is AI for Industry?
Written by TrendMiner
Artificial intelligence (AI) has created an explosion of possibilities during the past year in every business sector worldwide. Primarily driven by an interest in generative AI and large language models (LLMs), AI’s breakthrough into the mainstream has also brought with it a great deal of hype. AI is not a singular, magical solution that will solve every problem. Instead, AI for Industry is a powerful group of technologies that brings new opportunities to the factory floor.
There are several solution areas for industrializing AI into operations. They include:
The release of OpenAI’s ChatGPT earlier this year has accelerated AI’s adoption. Understanding its capabilities and limitations for industry ensures that embracing AI solutions includes a realistic assessment of how they will address business needs.
The Main Categories of AI Solutions
At its core, AI refers to machines or systems that mimic human intelligence to perform tasks. They can improve themselves based on the information they collect.
There are generally four categories that represent AI for industry.
Autonomous solutions, however, are not yet suitable for managing manufacturing processes because they can act on their own without human assistance. The level of trust in autonomous systems is too low to allow them to make changes on the factory floor. The three remaining categories are a set of services, functions, models, and techniques that, when put together, emulate human intelligence. The most useful of these categories for operations are deep learning, machine learning (ML), and LLMs.
AI for Industry: Machine Learning
Machine learning, which is a subset of AI, uses algorithms to learn from and make selections based on underlying data. Most data scientists working in the process manufacturing industry use ML, and its subset, deep learning, more than other techniques. Python is the programming language of choice for sorting data and developing machine learning models. Popular Python libraries, such as SciKit Learn, PyTorch, and Tensorflow, offer access to these techniques with a simple installation package.
Machine learning applies mathematical algorithms to data. These algorithms then generate estimates using unsupervised or supervised models. Supervised models require a labeled dataset, while unsupervised models discover general patterns in data. ML models can make estimations based on historical data, categorize events, and cluster data points based on commonalities.
With machine learning, computers can learn from data without being explicitly programmed to do so. They are used for descriptive, predictive, or prescriptive functions.
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Applications of ML for Industry
The choice of which model to use for a given exercise is based on the experience of the data scientist. Examples of their application include:
Into the Future with Generative AI
AI techniques, including machine learning, have been used in the industry for many years. But generative AI is experiencing its peak of rapid advancement. A breakthrough in transformers has paved the way for innovations and new releases, including ChatGPT. In just over a year since the announcement of the breakthrough, several major tech companies have launched their own LLMs. These include Google’s Palm 2 and Meta’s Llama 2.
While Generative AI is at the peak of the 2023 Gartner Hype Cycle for Emerging Technologies, Operational experts already can use the new technology for a variety of purposes.