CASE STUDY:
ARTIFICIAL INTELLIGENCE APPLICATION IN
BUSINESS AND INDUSTRIAL MANUFACTURING
Specifications Under Review
• Number of employees: over 55,000
• Department: Artificial Intelligence Department
• Location: Worldwide. The Ionology Solution offers a two-day,
personalized seminar titled "Building an AI-enabled Business.“
• Objective: Integrating AI as the focal point of innovation.
• Result: Significant rise in AI innovation projects. Details: Utilizing AI
in the context of a worldwide manufacturing enterprise.
 THE CURRENT STATE OF AFFAIRS:
Technology alone does not bring about a transformation in a business; it
is the actions and decisions of people that drive this change.
Harnessing the power of technology
The heavy equipment firm in this case study, which has a prominent
position in the worldwide market, faces limitations imposed by
departmental rules, regulations, silos, and restrictions. The company is
facing issues. These obstacles hinder its ability to generate novel business
models, products, and services that can only be facilitated by Machine
Learning.
CONTINUE….
The materials department exhibited hesitancy in transitioning from
aluminum, their favored material, to composite materials. According to
them, there is no comprehensive international research that directly
compares both materials, despite the clear benefits of composites. The
transition would need a comprehensive overhaul of engineering, design,
legal, and compliance practices. The firm desires to undergo a
transformation, although to a limited extent.
 OBSTACLES:
An exceptionally proficient AI and Data Science division was established
with the purpose of modernizing the business.
• The company's data was segregated into several departments and
necessitated substantial preparation. However, the amount of AI present
in these large enterprises is not excessive.
• The business owners expressed their desire to utilize AI to "transform,"
but each of them provides different explanations when asked about the
specifics.
• AI initiatives were irregular and unplanned, relying on self-taught
business innovators.
• The heads of innovation, design, and business units have not yet
undergone formal training on the business capabilities of AI.
 THE ISSUE AT HAND
Novel business models are required to optimize operational
efficiencies.
There are two opportunities to establish a competitive edge and
generate additional sources of company income.
1. Transition from using aluminum to employing composite
materials. The issue stemmed from the absence of a scientifically
validated and peer-reviewed comparison of the materials in
practical applications. Consequently, there was a reluctance to
relocate items, despite the evident advantages of doing so.
In order to shift a portion of its production process from aluminum to
composite materials, the firm was required to develop a meticulous and
peer-reviewed materials science assessment. A significant portion of the
switching was regarded as "preventive maintenance" (PM). It would lead
to a decrease in the acquisition of components and improve the
maintenance model. Furthermore, it would also create a burgeoning
secondary market for components.
 THE RESOLUTION BEGIN WITH MODEST STEPS AND
EFFECTIVELY HANDLE THE TRANSITION
When comparing aluminum to composite materials, it is important to
focus on the specific areas that are closely examined by industry
authorities.
• Form an alliance of individuals who are willing to embrace change by
utilizing the tool.
• Showcase the rapidity with which precise, impartial, and
understandable insights can be achieved.
• Develop a highly visual simulation that illustrates the rationale for
transitioning from a "preventive maintenance" to a "predictive
maintenance" business model.
 RESULTS
 In this case study, the achievement may be attributed to both effective
communication and technological advancements.
 Individuals, while engaged in a process of transformation, exhibited
greater receptiveness. Accepting the use of simulations and
comprehending its personal consequences was crucial. After being
informed about the potential benefits of AI in business, most
executives were more approachable and willing to provide assistance.
REQUESTING ASSISTANCE IN THE STUDY OF IONOLOGY
Ionology offers executive education and advisory services. Ionology
started with an extensive educational campaign targeting top executives
and decision makers.
AI initiatives sometimes have a propensity to either be too ambiguous,
excessively focused on technical aspects, or created to address an issue
that lacks significance. Our consulting services included conducting a
thorough diagnostic, establishing effective communication with key
stakeholders, providing consultation on the creation of ML models,
platforms, and user experience.
CONCRETE MEASURES
Enlighten company proprietors and decision-makers by the utilization of
non-technical trials that directly pertain to their business predicaments.
• Conduct the activity in a classroom setting, which promotes shared
learning among the participants.
• Assemble a group of individuals who are willing to participate
collectively.
• Identify a challenge that has a compelling human narrative and aligns
with the strategic imperative.
Data Mining Case study for Business ppt.pptx
Data Mining Case study for Business ppt.pptx

Data Mining Case study for Business ppt.pptx

  • 1.
    CASE STUDY: ARTIFICIAL INTELLIGENCEAPPLICATION IN BUSINESS AND INDUSTRIAL MANUFACTURING
  • 2.
    Specifications Under Review •Number of employees: over 55,000 • Department: Artificial Intelligence Department • Location: Worldwide. The Ionology Solution offers a two-day, personalized seminar titled "Building an AI-enabled Business.“ • Objective: Integrating AI as the focal point of innovation. • Result: Significant rise in AI innovation projects. Details: Utilizing AI in the context of a worldwide manufacturing enterprise.
  • 3.
     THE CURRENTSTATE OF AFFAIRS: Technology alone does not bring about a transformation in a business; it is the actions and decisions of people that drive this change. Harnessing the power of technology The heavy equipment firm in this case study, which has a prominent position in the worldwide market, faces limitations imposed by departmental rules, regulations, silos, and restrictions. The company is facing issues. These obstacles hinder its ability to generate novel business models, products, and services that can only be facilitated by Machine Learning.
  • 4.
    CONTINUE…. The materials departmentexhibited hesitancy in transitioning from aluminum, their favored material, to composite materials. According to them, there is no comprehensive international research that directly compares both materials, despite the clear benefits of composites. The transition would need a comprehensive overhaul of engineering, design, legal, and compliance practices. The firm desires to undergo a transformation, although to a limited extent.
  • 5.
     OBSTACLES: An exceptionallyproficient AI and Data Science division was established with the purpose of modernizing the business. • The company's data was segregated into several departments and necessitated substantial preparation. However, the amount of AI present in these large enterprises is not excessive. • The business owners expressed their desire to utilize AI to "transform," but each of them provides different explanations when asked about the specifics. • AI initiatives were irregular and unplanned, relying on self-taught business innovators. • The heads of innovation, design, and business units have not yet undergone formal training on the business capabilities of AI.
  • 6.
     THE ISSUEAT HAND Novel business models are required to optimize operational efficiencies. There are two opportunities to establish a competitive edge and generate additional sources of company income. 1. Transition from using aluminum to employing composite materials. The issue stemmed from the absence of a scientifically validated and peer-reviewed comparison of the materials in practical applications. Consequently, there was a reluctance to relocate items, despite the evident advantages of doing so.
  • 7.
    In order toshift a portion of its production process from aluminum to composite materials, the firm was required to develop a meticulous and peer-reviewed materials science assessment. A significant portion of the switching was regarded as "preventive maintenance" (PM). It would lead to a decrease in the acquisition of components and improve the maintenance model. Furthermore, it would also create a burgeoning secondary market for components.
  • 8.
     THE RESOLUTIONBEGIN WITH MODEST STEPS AND EFFECTIVELY HANDLE THE TRANSITION When comparing aluminum to composite materials, it is important to focus on the specific areas that are closely examined by industry authorities. • Form an alliance of individuals who are willing to embrace change by utilizing the tool. • Showcase the rapidity with which precise, impartial, and understandable insights can be achieved. • Develop a highly visual simulation that illustrates the rationale for transitioning from a "preventive maintenance" to a "predictive maintenance" business model.
  • 9.
     RESULTS  Inthis case study, the achievement may be attributed to both effective communication and technological advancements.  Individuals, while engaged in a process of transformation, exhibited greater receptiveness. Accepting the use of simulations and comprehending its personal consequences was crucial. After being informed about the potential benefits of AI in business, most executives were more approachable and willing to provide assistance.
  • 10.
    REQUESTING ASSISTANCE INTHE STUDY OF IONOLOGY Ionology offers executive education and advisory services. Ionology started with an extensive educational campaign targeting top executives and decision makers. AI initiatives sometimes have a propensity to either be too ambiguous, excessively focused on technical aspects, or created to address an issue that lacks significance. Our consulting services included conducting a thorough diagnostic, establishing effective communication with key stakeholders, providing consultation on the creation of ML models, platforms, and user experience.
  • 11.
    CONCRETE MEASURES Enlighten companyproprietors and decision-makers by the utilization of non-technical trials that directly pertain to their business predicaments. • Conduct the activity in a classroom setting, which promotes shared learning among the participants. • Assemble a group of individuals who are willing to participate collectively. • Identify a challenge that has a compelling human narrative and aligns with the strategic imperative.