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Smart Manufacturing: Examples & Benefits

ProjectManager.com

The term smart manufacturing was first used in the mid-2000s as new technologies such as 3D printing or additive manufacturing and artificial intelligence became more prominent. Smart factories have a basic structure of data acquisition, data analysis and intelligent factory automation.

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AI Hype vs. Reality: Project Management Reimagined

The IIL Blog

.” – Bank of America Merrill Lynch report (2019) There are also projections about specific types of jobs: “Human nurses will soon become obsolete with the rise of AI nurses that will provide better, cheaper, and more comprehensive healthcare.” These are areas that artificial intelligence can’t replicate.

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Demystifying the Essential Elements of a Robust Risk Management Framework

Wrike

Overview of Risk Management Risk management is a systematic process that involves identifying, assessing, treating, and monitoring risks. Risk Monitoring: This is an ongoing process that involves tracking and reviewing risk-related activities. Risk Treatment: Implement measures to mitigate, transfer, or avoid identified risks.

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The Rise of AI in Product Management and Leadership: Maximizing Efficiency and Growth

International Institute for Learning

In this blog post, we will explore how the use of AI can help improve product management and leadership in organizations today by harnessing technological innovation to advance business output. One such technology is artificial intelligence (AI), which enables machines to learn from experience and make decisions based on data.

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Planning for the Unplanned: Solving Common Challenges in Risk Mitigation

Wrike

For instance, businesses can adopt risk assessment software that utilizes artificial intelligence and machine learning algorithms to analyze vast amounts of data and identify potential risks. These tools can provide real-time risk monitoring and alerts, allowing organizations to proactively address emerging risks.

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The Impact of Digital Transformation on Business Success

Wrike

However, it has now evolved to encompass a broader scope, including the use of advanced technologies such as machine learning and Internet of Things (IoT) devices. Machine learning, a subset of AI, has revolutionized the way businesses analyze and interpret data.

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Workflow Automation Software: A Game Changer for Modern Businesses

Wrike

These tools leverage cloud-based platforms, artificial intelligence, and machine learning algorithms to automate and optimize workflows, resulting in increased efficiency and productivity. With workflow automation software, they can monitor and analyze data such as cycle times, downtime, and quality metrics in real-time.