Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.


AI is Already Changing the World

Recommended Posts

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




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

Profits from free accurate cryptos signals: https://www.predictmag.com/ 

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...

Important Information

By using this site, you agree to our Terms of Use.