9 Things AI can do for your business

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9 Things AI can do for your business

December 9, 2024
Time to read: 8 minutes

The most successful center the tech around the humans.

AI has the power to revolutionise the way we work. According to McKinsey & Company, “Current Generative AI and other technologies have the potential to automate work activities that absorb 60 to 70 percent of employees’ time today.”  

While this opens the door to unprecedented efficiency and innovation, it also presents a challenge: how do businesses adapt to a new way of working without alienating their workforce?

The answer lies in balancing the promise of AI with a human-first approach. AI isn’t just about cutting-edge technology; it’s about empowering people, enhancing decision-making, and driving efficiency at every level.

When implemented effectively, AI becomes a catalyst for faster, smarter operations, allowing businesses to harness advanced simulations, machine learning, and generative AI to gain a competitive edge.

Learn how AI is transforming heavy-asset industries – click here to explore

The most common challenges when introducing AI

AI promises extraordinary rewards, but the journey to implementation is rarely smooth. Organisations must navigate a maze of challenges, including:

  • Legacy systems and ageing infrastructure: Were never designed to automate/ streamline processes or integrate with AI.
  • Data Silos: Inaccessible or inconsistent data that hampers AI training.
  • Lack of AI expertise: A scarcity of skilled AI professionals in a highly competitive market.
  • Operational Complexity:  The difficulty of integrating AI into multifaceted environments.
  • Regulatory Hurdles: High compliance demands unique to heavy industries.
  • Cybersecurity risks: Increased exposure to digital threats.
  • Unclear ROI: Hesitancy due to uncertainty about the tangible benefits of AI.
  • Cultural Resistance: Fear of job displacement or leadership scepticism about new technologies
  • Scaling Difficulties: The leap from proof-of-concept to full deployment can be daunting.
  • Integration with Operational Technology (OT): Aligning AI with existing OT systems is no small feat.

Among these, human resistance to change often poses the greatest obstacle. Employees worry about job security, while leaders may be hesitant to take risks on unfamiliar technologies. Without clear alignment between AI initiatives and business goals, resistance can derail even the most promising projects.

Bridging the Talent Gap

For heavy-asset industries, AI's potential return on investment (ROI) is undeniable. The best recipe for success is to involve users throughout the implementation process to understand their needs and challenges and help them prepare for the changes that are coming.

AI isn’t about replacing people; it’s about enabling them to do their best work. At Kongsberg Digital, our AI solutions are designed to enhance productivity by automating repetitive tasks and empowering employees to focus on what truly drives value. Here’s what AI can do for your business:

  • Simulate and predict equipment failures to reduce downtime and maintenance costs.
  • Identify operational bottlenecks and recommend process improvements.
  • Accelerate product development with faster prototyping.
  • Enable more informed, proactive decision-making.
  • Automate complex tasks, boosting efficiency.
  • Optimise resource usage, reducing waste and costs.
  • Enhance training and skill development through simulations and virtual training.
  • Improve risk management and scenario planning for better preparedness.
  • Maximise sustainability and energy efficiency efforts.

AI is more than a tool; it’s a new way of thinking about work. It’s reshaping how businesses innovate internally and collaborate with customers. As AI becomes integral to operations, it’s vital for leaders to act swiftly and decisively.

By addressing talent gaps and aligning AI initiatives with strategic objectives, you can unlock the full potential of this groundbreaking technology.

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9 Things AI can do for your business

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