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Industrial Supply Trends

Industrial Supply Trends

In Collaboration with ISA

Structured Data, a Prerequisite for AI Industrial Manufacturers

August 25, 2024 by David Gordon Leave a Comment

Structured Data Key to AI

In the realm of Industrial manufacturing, the potential of integrating Artificial Intelligence (AI) could be a competitive advantage.

One of the critical components underpinning the effectiveness of AI is structured data.

Structured data refers to organized information that is formatted for easy analysis and interpretation by machines. In the context of HVACR manufacturers, structured data serves as the backbone for AI-driven processes, enabling manufacturers to streamline operations, enhance product quality, and drive innovation.

Here are reasons why structured data is indispensable for harnessing the power of AI:

  1. Improved Efficiency in Production Processes: Structured data allows manufacturers to optimize their production processes by providing real-time insights into various aspects of their manufacturing operations. AI algorithms can analyze structured data from sensors, machines, and production lines to identify patterns, predict equipment failures, and optimize workflows. This proactive approach minimizes downtime, reduces maintenance costs, and maximizes the overall efficiency of production processes. Further, for project-oriented manufacturers, it could tie PO’s to where they are in the production process, enabling for real-time order tracking.
  2. Enhanced Product Quality and Reliability: By leveraging structured data, manufacturers can implement AI-powered quality control systems that detect defects, deviations, and anomalies during the manufacturing process. Machine learning algorithms trained on structured data can identify subtle variations in product specifications, ensuring that only high-quality products meet the required standards. Further, this can cascade to real-time monitoring and detection, predictive analytics for defect detection, quality assurance across the supply chain, and support continuous improvement through feedback loops while helping providing information for compliance and regulatory requirements.
  3. Data-Driven Decision Making: Structured data serves as the foundation for data-driven decision-making. AI algorithms can analyze large volumes of structured data from diverse sources, including supply chain data, customer feedback, and market trends, to generate actionable insights to support decision-making. Whether it is optimizing inventory levels, forecasting demand, or identifying new market opportunities, structured data empowers manufacturers to make informed decisions that drive business growth and competitiveness.
  4. Facilitation of Innovation and Product Development: Structured data fuels innovation by facilitating the development of new products and technologies. AI algorithms can analyze structured data from research and development experiments, customer feedback, and market trends to identify opportunities for innovation. Whether it is designing energy-efficient appliances, developing smart grid solutions, or integrating renewable energy technologies, structured data enables manufacturers to stay at the forefront of technological advancements and meet evolving customer needs.

As you can see, structured data becomes the backbone of AI. AI cannot succeed without data. To achieve a data-driven environment your data needs to be cleansed and structured, at least to some degree.GIGO: Garbage In, Garbage Out

It’s the old adage of GIGO (garbage in, garbage out)

While structured data clearly facilitates the efficient use of AI in many factors of product production, it also benefits the downstream process of buying and selling those products.

Structured product descriptors enable companies to manage, share and/or present technical product information to their downstream customers in a more efficient way. It can help in the areas of:

  • Product data management
  • E-commerce.
  • Interoperability
  • Regulatory compliance
  • Enhanced product data accuracy
  • Efficient product selection and procurement

Pursuing AI requires

  • Conceptualizing opportunities
  • Envisioning the “how”
  • Understanding your data today and developing governance models, and commonality, that allows capturing of information.
  • Defining desired outputs
  • Integrating / coding systems to achieve desired outcomes.

While it appears that the AI process is “simple”, the hard part starts when you lift the proverbial “hood” and say, “where do I start” and the answer is “data.”

Thoughts

  1. While AI may seemingly sound easy, your IT group is rolling its eyes and saying, “this could be hard.”
  2. AI is one of the reasons why product data standardization is important.

Take Aways

  • Structured data plays a pivotal role in harnessing the potential of AI for HVACR manufacturers. By organizing data, manufacturers can optimize processes, make informed decisions, drive innovation enhance customer service and potentially unlock new value-added benefits (and maybe services).

As always, we appreciate your support and comments.

Filed Under: Insights Tagged With: featured

Portrait of the author, David Gordon, President of the Channel Marketing Group

About David Gordon

David Gordon founded Channel Marketing Group in 2001 after spending a year with an electrical industry “dot com”, five years at IMARK Group and over 10 years in the performance marketing industry where he helped companies in over 60 industries with strategies to accelerate growth and increase customer engagement. He writes for Electrical Wholesaling, TED Magazine, Progressive Distributor, Modern Distribution Management, Industrial Supply Magazine, Supply House Times and the Canadian Electrical Wholesaler.

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