According to Builtin, Artificial Intelligence can be defined as ,
Artificial intelligence (AI) is wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence.
From last few years Artificial Intelligence or AI became the hot topic and great career option for the many people.However, the idea of AI is not relatively new to the researchers,.There is no doubt that AI has the capability to impact our life. The question of in what level it will make an impact. And this is still in an imaginary scenario for the normal people.However, the researchers and subject matter experts can & has predicted the impact that AI will make in future. In 2018, AI expert Dr.Kai-FU Lee said that, "AI is going to change the world more than anything in the history of mankind.More than electricity."
World's well known giant companies have started utilising and developing the products using AI.For example, Amazon came up with a AI based virtual assistant known as Alexa. With the combination of Sensors,cameras,Radar and Artificial Intelligence Tesla is working to develop the driverless cars,etc.
In this article ,we will discuss in brief about the potential impact AI can make in Automotive industry. So,lets start.
# Engineering Design -
Long back,Computer Aided Design (CAD) brought the revolutionary change in the way of creation,modification, analysis and optimization done in the designs. CAD helped to reduce the amount of time spent on manual design and drafting resulting into increased productivity,quality of design,ease of storage and document of the design records. Even though these technology greatly reduced labour work of human but its still dependent on human to create design and drafting work.
With AI, I believe it possible to reduce more than 50 % of human intervetion in design and drafting of particular products.To understand, we will take an example of splined solid half shaft which is used in automobile differential for providing power to vehicle wheels. For CAD model, designer need to create a solid round shaft of particular length and then he will extrude the material for spline tooth creation. Suppose, with no calculations involved, designer takes appro.2 hr of time to design. Instead, with AI, we can create the CAD model of the same shaft in less than 15 minute just by entering required dimensional values like length of the shaft, diameter, spline and material details. AI will automatically generate a CAD model based on provided inputs.
Various CAD software developers working on integration of AI in CAD softwares. In next 5-10 years, it is not surprise to see and use such a solutions in engineering design and drafting.
# Procurement -
Procurement is an most critical and more focused function of any organisation.With error free procurement, organisation can run its business more smoothly and can make more profits too.Artificial Intelligence already transforming procurement. With automating large time consuming processes, AI has the potential to rapidly change the procurement practices used around the world.Currently, it will be too early to say that all the procurement activities will be done by AI,because procurement is an complex,involves analytics and decision making. However, AI can be used in some lengthy and time consuming procurement activities like Spend Analysis, Vendor Search from large data,collecting market data,etc.
According to Sievo.com,below are the 7 common procurement areas where AI can be used.
7 common areas for AI in Procurement
