Yandex Data Factory, a provider of AI solutions for businesses, has been looking forward to 2018 and predicting the future of technology in manufacturing.
CEO Jane Zavalishina offered her valuable insight:
2018 will be the year of practical AI adoption: “AI is all too often associated with ‘futuristic’ applications like self-driving cars or robots. As a consequence, many business leaders view AI as a risky, capital-intensive innovation where ROI is not guaranteed. The truth is, AI is a very practical business tool. The most significant applications of AI are often the least visually exciting – hence why they are not often discussed in mainstream forums.
“It is the technology implementations that work behind the scenes to enhance and optimise existing business processes, as opposed to dramatic business model changes, that will bring most economic effect in 2018. These types of AI applications have specific, measurable KPIs, shorter implementation cycles, and are able to bring better results than traditional models could deliver. This “invisible AI” can help to improve things like demand prediction, product quality, or even logistics scheduling, all while earning additional efficiencies on the go. As such, in 2018, we will see a shift in focus from AI science and academia to real-life business applications and how they can bring about significant change for companies.”