Harnessing AI: Revolutionising Product Design and Development

Artificial Intelligence is revolutionising product design and development, particularly in the manufacturing sector where it enhances quality. Experts at the AI360Summit emphasised the importance of AI quality and source certification. Despite its accessibility, Italian SMEs lag in adoption, with 54% of executives hesitant. Initiatives like the Joint Lab aim to bridge this gap.

The AI Advantage: Transforming Manufacturing Quality

Artificial Intelligence is revolutionising manufacturing quality by offering precise and efficient solutions.

Experts at the AI360Summit highlighted the pivotal role of AI in enhancing product and service quality. Ensuring the accuracy and certification of data sources is crucial to prevent misinformation. Despite being a readily available technology, small and medium-sized enterprises (SMEs) in Italy exhibit low AI adoption rates, with 54% of executives hesitant to embrace it. Initiatives like the Joint Lab at the Italian Institute of Technology aim to make AI more accessible to SMEs, thereby elevating work quality standards. Companies like Thema Optical leverage AI to customise on-demand eyewear, streamlining production processes for enhanced efficiency.

Bridging the Gap: Making AI Accessible for SMEs

Despite the accessibility of AI technology, its adoption among Italian SMEs remains low, with 54% of executives expressing a desire to halt its development. The Joint Lab at the Italian Institute of Technology aims to make AI more attainable for SMEs, enhancing the quality of work produced. By bridging this gap, SMEs can benefit from advancements in AI, such as Thema Optical using AI to customise on-demand eyewear and streamline production times. As a result, the ‘as-a-service’ model is gaining traction, allowing businesses to utilise specific technologies temporarily. This initiative not only boosts efficiency but also opens up new opportunities for SMEs to thrive in the evolving technological landscape.

AI as a Service: A New Era of Customisation and Efficiency

The concept of ‘AI as a Service’ heralds a new era of customisation and efficiency for businesses. This model allows companies to access specific AI technologies on a temporary basis, tailoring their usage to meet immediate needs without the long-term commitment of ownership. Companies like Thema Optical are leveraging AI to personalise products like on-demand glasses, significantly reducing production times and costs. This flexible approach not only streamlines processes but also opens up opportunities for innovation and experimentation within various industries. As the market for AI services continues to grow, businesses can harness this trend to stay agile and competitive in an ever-evolving technological landscape.

As AI continues to revolutionise product design and development, the potential for growth and innovation in various industries is vast. The increasing adoption of AI by businesses, coupled with the need for regulatory frameworks, opens up a dialogue on ethical considerations and the future impact of artificial intelligence on society.