AI is Already Changing the World

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Google used AI to optimize energy usage in its data centers, reducing cooling energy consumption by up to 40%.

 

40%!

 

Companies like John Deere and Blue River Technology use AI for precision farming, allowing farmers to apply the exact amount of water and fertilizers needed, thereby increasing yield and reducing waste.

 

How much of an increase in yields could this garner, you ask? 20-30%, a massive improvement over traditional farming techniques which saw only gradual improvements over decades.

 

Also…

 

Research reveals AI-based algorithms in the auto manufacturing sector can lead to more than an estimated 20% increase in equipment availability, up to 25% lower inspection costs, and up to 10% lower total annual maintenance costs.

 

This improvement is largely due to AI's ability to predict equipment failures and optimize maintenance planning.

 

(Siemens uses AI for predictive maintenance and to optimize production processes. General Electric uses AI to predict maintenance needs in its jet engines.)

 

In quality inspection processes, AI-based machines can detect defects up to 90% more accurately than humans. This not only improves the product quality but also operational efficiency.

 

What about supply chains?

 

AI is estimated to be able to reduce forecasting errors by 30 to 50% and overall inventories by 20 to 50%. This results in cost savings by eliminating the transport, warehousing, and administration of unneeded goods.

 

In areas like IT and finance, AI can automate tasks leading to an automation rate of approximately 30%. In specific cases like IT service-desk automation, a degree of automation of around 90% is possible. (!)

 

AI is widely used in telemedicine platforms for remote diagnosis and monitoring. For example, platforms like Babylon Health use AI for initial medical consultations.

 

Of course, companies like Tesla and Waymo have developed autonomous vehicles that are already on the roads, optimizing routes and fuel efficiency.

 

IBM's AI-powered system helps predict cloud movement to optimize solar energy harvesting.

 

Streaming services like Netflix and YouTube use AI to adjust video quality in real-time based on the user's internet bandwidth, optimizing data usage.

 

All of this is a perfect example of ephemeralization.

 

And this trend with AI is JUST BEGINNING. – Chris C

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