How to use frustration to pick AI use cases
I’ve spoken with many leaders of maritime companies that are aware of their urgent need to move forward with AI. A recurring challenge at the… Read More »How to use frustration to pick AI use cases
How AI can free you from choosing between quality and cost
The first thought that crosses many people’s mind when they hear “AI” is automation. The next thought is: AI automation makes processes cheaper and faster. … Read More »How AI can free you from choosing between quality and cost
Every maritime equipment supplier needs an AI strategy
Every maritime equipment supplier needs an AI strategy.
The price of zero marginal cost
To sell one additional piece of physical equipment incurs a marginal cost that is typically substantial, relative to the selling price. This is obvious given… Read More »The price of zero marginal cost
Why maritime equipment manufacturers should consider servitization
“Servitization” describes a transformation whereby manufacturers increasingly offer services integrated with their products. In this short article, I will consider one fundamental reason why maritime… Read More »Why maritime equipment manufacturers should consider servitization
Optimizing manufacturing with machine learning
The importance of manufacturing to modern society is hard to overstate. To put it in commercial terms, global manufacturing output was more than $35 trillion… Read More »Optimizing manufacturing with machine learning
What went wrong: Root cause analysis in complex manufacturing
Sometimes, things happen that we don’t understand. No chance of rain, they said, but still the rains came pouring down just after you finished painting… Read More »What went wrong: Root cause analysis in complex manufacturing
The CEOs guide to evaluating AI business cases
So, someone in your organization has put before you, the CEO, what he or she thinks is a great business case for an AI project.… Read More »The CEOs guide to evaluating AI business cases
What every CEO must understand about probability
“OK, the AI says our sales next month will be $252 million. How confident is it about that? 50%? 70%? 90%” Here we have a… Read More »What every CEO must understand about probability
No new normal: Demand forecasting after COVID-19
COVID-19 is not just a shock to the system for the world’s supply chains. Markets have changed fundamentally and permanently. According to a study by… Read More »No new normal: Demand forecasting after COVID-19