Process management, once popular in the 1990s, is experiencing a revival fueled by artificial intelligence (AI). The synergy between AI and process management is substantial: AI enables companies to efficiently scale optimized processes, while well-managed processes facilitate the acquisition of high-quality data essential for AI training. This combination can lead to significant productivity gains, but successful implementation requires effective change management. The article outlines seven steps for companies to integrate people, data, analytics, and technology, particularly AI, to revamp processes and achieve enhanced business performance.
Process management, which swept the business world in the 1990s and then fell out of favor, is experiencing a renaissance, thanks to AI. The two reinforce each other: AI helps firms significantly scale up improved processes, and well-managed processes make it easier to obtain the high-quality data needed to train AI. Combining them can generate huge productivity gains—but it requires a lot of change management .
It built a digital twin of its production line and fed data from it into a machine-learning model to predict the line’s output and reduce overfilling and waste. It worked with a “decision intelligence” vendor, Aera Technology, to create visualizations of the data, generate recommendations about preventive maintenance, and automate some operational decisions.
AI Process Management Data Analytics Productivity Change Management
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to Marry Process Management and AIMake sure your people and your technology work well together.
Read more »
How to Marry Process Management and AIProcess management, which swept the business world in the 1990s and then fell out of favor, is experiencing a renaissance, thanks to AI. The two reinforce each other: AI helps firms significantly scale up improved processes, and well-managed processes make it easier to obtain the high-quality data needed to train AI.
Read more »
The advantages of business process management in solving engineering challengesBPM software streamlines workflows, optimizes resources, ensures compliance, and enhances collaboration. By automating tasks and enabling continuous improvement, it empowers engineering firms to tackle challenges efficiently, driving productivity, innovation, and project success.
Read more »
AI-powered dog robot sniffs out invasive fire antsFueled by artificial intelligence, CyberDog the robotic dog is designed specifically locate fire ant nests, which are endangering ecosystems.
Read more »
The AI-Powered Citizen Revolution: How Every Employee Is Becoming A Technology CreatorBernard Marr is a world-renowned futurist, board advisor and author of Generative AI in Practice: 100+ Amazing Ways Generative Artificial Intelligence is Changing Business and Society. He has written over 20 best-selling and award-winning books and advises and coaches many of the world’s best-known organisations.
Read more »
Ooni Black Friday sale has Koda 16 gas-powered pizza oven under $480Ooni is holding its Black Friday sale. Shoppers will see 20% off almost everything, including that pizza oven you've always wanted.
Read more »