The Technology Headlines DEMAND FORCASTING & AI | Page 31

THE TECHNOLOGY HEADLINES
AI and machine learning have the
potential to create an additional $2.6T
in value by 2020 in Marketing and Sales,
and up to $2T in manufacturing and
supply chain planning. Gartner predicts
the business value created by AI will
reach $3.9T in 2022.
Usually any AI project is a combination
of meeting the requirements while also
keeping in mind the needs of the tech as
well as the research project. But in an AI
project, it is necessary to understand the
problem from the eyes of an SME. The
key to a successful AI project is to find
balance and build in incremental value.
Teamwork
Firmware engineers of iBot Control
Systems have a detailed understanding
of the device, its sensors, error conditions
and maintenance patterns and are
able to support data scientists and AI
engineer. The teams are able to work
together to deliver seamless integration
of AI into the solution. Very often, iBot
Control Systems brings in SMEs to
help guide the team of data scientists
and AI engineers while building the
solution. For example, the company
brings in the R&D and Service engineers
when working with an industrial
pump manufacturer. Also, the team
understands the symptoms and patterns
to detect abnormal behaviour and
models algorithms to enable the AI
solution to perform the same task.
To solve the problems, the team enables
the AI and follows the usual development
cycle.
The usual development cycle is given as
follows:
•
•
•
Identify the problem in order for the
team to use AI to solve
Asses the concrete value the system
can bring in
Map expertise and bring in experts
AUGUST 2019
•
•
as needed.
Start with a focus data set to quickly
validate assumptions and provide
a poc
Keep iterating to deliver incremental
integration and value in a weekly
manner.
Relationship with customers
Maintaining a good relationship with a
customer is key to the smooth flow of a
project and helps with rapid decisions.
The project starts out with detailed
requirements workshop as iBot Control
Systems include all stakeholders of a
project right from the business owner,
R&D, Sales, Marketing all the way to
Customer Support. At the same time, iBot
Control Systems map out requirements
of different stakeholders and present
the solution to the entire audience. This
ensures that everyone is aligned on what
the solution is and how it will be built,
and this significantly simplifies decision
making for the next phases of the
project. iBot is perhaps the only company
that has internal product managers to
manage the product for the customer,
and this ensures there is a voice of the
customer within our organization which
helps with customer satisfaction. The
thing that customers love the most is that
iBot Control Systems offer a complete
one-stop shop, the customer walks
in with an idea and walks out with a
product.
“iBot Control Systems was started
with the objective of connecting
manufacturers and owners of products/
machines with themselves, thereby
enabling two-way chatter which would
lead to improved efficiencies and
better consumer satisfaction,” adds
Subramanyam.
How iBot control systems helps
customers to get benefits?
iBot Control Systems helps
manufacturers convert their
physical products into subscription-
based services. The company
also helps businesses and people
generate intelligence through more
interconnectedness. iBot Control
Systems’ products can be combined in
a variety of ways to create solutions
for consumers, businesses, citizens,
government and public sector.
The possibilities are almost endless when
it comes to how iBot Control Systems
helps customers with energy savings,
labor savings, safety, and many more.
Milestones to achieve
iBot Control Systems aims to be the
world’s leading supplier of secure IOT
sub-systems for enterprises that allows
leading enterprises to not only innovate
for change but also be compliant with a
barrage of existing and new compliance
standards for data acquisition, data
storage, data security, data transmission
and data usage.
Also, iBot Control Systems aims to
protect our customers’ ability to choose
and move across emerging cloud
infrastructure platforms and enterprise
systems integration by supporting
all leading cloud platforms such as
Microsoft Azure, Amazon Web Services,
Google Cloud Platform and enterprise
systems such as SAP.
iBot Control Systems will strive to be
the change agent for enterprises and
manufacturers and support in their
digital transformation with cutting edge
technologies such as IOT, AI and AR,
effectively integrating the cyber-physical
world with machines on one side
and humans on the other and adding
significant value to both groups using
ML and AI.
“
Today, if companies are
not willing to adopt AI
into their process and
product roadmaps they
stand the risk of being
the next Kodak .
“
“Today, if companies are not willing to
adopt AI into their process and product
roadmaps they stand the risk of being the
next Kodak,” says Ravi Subramanyam,
CEO of iBot Control Systems.
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