The focus of artificial intelligence has been on its potential impact for knowledge workers in sectors like financial services and research. However, experts predict that the biggest impact will be in traditional industries such as manufacturing, mining, transportation, and healthcare. Professors Vijay Govindarajan and Venkat Venkatraman emphasize the upcoming transformation in asset-heavy industries due to advances in hardware, cloud data, algorithms, and AI.
Industrial products are expected to incorporate sensors, software, and real-time telematics, leading to a significant shift in the digitalization of the industrial world. Companies like John Deere are already integrating digital technologies with industrial machinery to enhance efficiency. The fusion of physical products with AI-generated data is termed as fusion strategy, enabling strategic combinations that were previously impossible.
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.