How to handle Intelligent Automation

A few points to consider when reshaping the future of work and business by Viktor Weber, consultant, WEF- author and speaker on matters of digitalization, as well as innovation in the built environment and beyond.


Point 1: Values

Data generated from the “built world” has an enormous value- added potential. New business models are emerging based on the use of these collected data. But, we should perhaps also be prepared for stages of disillusionment resulting from data rush, e.g. when it becomes clear that not every data point has to be collected in real time and that some models can’t be constantly optimized. The data market will therefore become more  differentiated.


Point 2: Data

DATA ACQUISITION

How do we capture the world, robustly and reliably, and map it digitally so that the data flow remains meaningful across system boundaries?

PREDICTION MODELS,

that are as dynamic as the market environment and one’s own business reality i.e. they adapt constantly (sometimes hard to develop if, for example, the amount of data is insufficient).

Viktor Weber, consulant

MACHINE–2– MACHINE  MACHINE–2–HUMAN  HUMAN–2–HUMAN
How to prevent data loss due to interruptions in the system, and how to capture the required data along the value chain?

THINK HOLISTIC:
Technologies can never be considered alone. In artificial intelligence, for example, sensor technology is crucial for being able to use data from the “built world,” as well as for training and implementing models for such things as machine learning.

Technologies can never be considered alone. 

 «

Viktor Weber, Consultant, WEF-author and Speaker on matters of digitalization


Point 3: Beware of the Myth Trio

#1:  IT IS SMARTER

Just because something claims to be smart or intelligent, the technology can still be far from intelligent. As things stand today, there is no machine and no system that has human cognition.

#2:  WE NEED TO AUTOMATE EVERYTHING.

There are applications,  especially in the repetitive, numerical range or in the field of mass data processing, where automation is extremely useful. But there are exceptions where it doesn’t make any sense.

#3:  THE FUTURE IS EXTREME.

That debate should be more constructive, characterized by less showmanship or non-informatics, which simply give incorrect information when it comes to blockchains and artificial intelligence. Half-truths are not helpful.


Point 4: Digital Competence

Recognizing digital trends, understanding the fundamentals of digital technologies, such as AI, and applying this knowledge to business models, will become decisive factors in an increasingly competitive environment. So, intelligent automation needs digital competence based on five steps.

1. UNDERSTANDING: the business environment, employees, future trends, and problems.

2. LEARNING: a fundamental part of the business strategy, from intern to CEO.

3. CREATIVITY: Collect  ideas and inspirations from the company in order to develop a sustainable vision and break it down into  milestones.

4. TECHNOLOGIES: Use where meaningful, digitize and automate where it makes sense, and don’t forget that innovation can also be  analog.

5. REFLECT: Collecting and gauging strategies, knowledge, and feedback without having worked out the master plan from the start (which doesn’t exist, anyway).


Point 5: Checks & Balances

Number of robots double worldwide by 2020 Source: International Federation of Robotics

IT’S GREAT TO DREAM of a world in which technology can reverse today’s problems. In doing so, however, we too often treat only the symptoms of a problem, not its cause.

INNOVATION can be painful, in the sense that when we realize that a previous behavior was wrong and that the money has gone. Then we have to change it, even if it’s uncomfortable.

TEST YOUR OWN JUDGEMENT, for example, with the simple game of thought: would you finance a project that claims that the error rate in image recognition can be minimized by x percent in two years? Or would you prefer a project that promises to revolutionize the industry with artificial intelligence and blockchain? 


More about Intelligent Automation

Download the Trend Report 04

The real power of Intelligent Automation lies in the ability to fundamentally change traditional ways of working and operating. G+D shows how it can also be applied to cash logistics.

Descargar