AI, Competition and Balloons | @ExpoDX #AI #IoT #IIoT #DigitalTransformation

W. Edward Deming taught that quality is achieved by measuring as much as possible and reducing variations, and reducing variation is achieved by improving the system, not just pieces. Japan widely adopted Deming’s philosophies in the 1950s and became the 2nd biggest economy in the world. Quality improvement didn’t decrease jobs in Japan, it increased jobs.
AI now has the ability to expand and codify Deming’s philosophies – to take them to the next level. AI can improve and standardize decision making based on logic, rather than the fear of missing objectives, bonuses or losing one’s job. It can continuously monitor for quality against specifications by analyzing streams of real-time data coming from embedded sensors connected to the IIoT, IoT and IoA (internet of agriculture). This means companies that are aggressive early adopters of these digital technologies will have more knowledge, higher quality and significant competitive advantages, which means more demand for their products, sales, customer service, manufacturing, distribution, etc. It also means aggressive adopters will likely generate more jobs.

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